ABSTRACT

This chapter focuses on imperialist venture, the economic analysis of crime and, in particular, what many economists call the supply of offenses, or the generation of crime. The notion of voice is embodied in the philosophy of the law, in the idea of codifying a behavior as illegal in an attempt to persuade potential perpetrators that it is not in the larger social interest. Economic models of criminal behavior that incorporate notions of deterrence, labor supply, and human capital could be broad enough or sufficiently eclectic to embrace the concept of moral suasion as a factor determining tastes and the reservation wage for participating in crime or not. Various economic models have been influential in directing thinking about, and analyzing criminal behavior. In the economic model, the model embodying the values of the dominant society, the individual pursues an education, stockpiling human capital and potential earning power, in preparation for entering the labor force.