ABSTRACT

The Economics of Crime presents a review of economic scholarly research in the ever-growing field of crime and punishment. Without using graphs or mathematical equations, Winter combines theory and empirical evidence relating to public policy concerns over a wide range of controversial topics such as the death penalty, racial bias in the criminal justice system, gun control, the war on drugs, fines versus imprisonment, policing tactics, and shaming punishments.

In addition to offering an updated and expanded coverage of these, and other topics, this second edition is more international in scope, with the inclusion of studies that use data from Italy, Australia, the U.K., Singapore, Brazil, and others. Also included is a brand-new chapter on the application of behavioral economics to crime and punishment, providing readers with a succinct introduction to this modern and increasingly important approach to economic issues.

By requiring no previous knowledge of economics, this book continues to be the perfect choice for students new to the study of economics and public policy, whether it is in the discipline of economics, political science, criminology, law, or any other field that is concerned with issues in crime and punishment. Furthermore, due to its accessibility, The Economics of Crime can be enjoyed by anyone who follows current public policy debate over some of society’s most contentious issues.

chapter 1|10 pages

Rational crime basics

chapter 2|11 pages

Crime and the certainty of punishment

chapter 3|12 pages

Severity of punishment I

Fines and efficient punishment

chapter 4|18 pages

Severity of punishment II

Prison and crime

chapter 5|16 pages

Severity of punishment III

The death penalty and crime

chapter 7|15 pages

Private crime deterrence

chapter 8|12 pages

The war on drugs

chapter 9|18 pages

Behavioral crime and punishment

chapter 10|5 pages

Economists and crime