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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Crime Economics: An Original Institutional Approach

Crime Economics: An Original Institutional Approach

Champeyrache, Clotilde

Hardcover

Series: Routledge Frontiers of Political Economy

EconomicsCriminologyGeneral Law

ISBN10: 1032396997
ISBN13: 9781032396996
Publisher: Routledge
Published: Nov 18 2024
Pages: 160
Weight: 0.92
Height: 0.44 Width: 6.14 Depth: 9.21
Language: English

Presenting an original institutional approach, this book makes the case for an empirically based crime economics that aims to guide the fight against crime within a logic of reasonable capitalism and the common good.

Historically, it was not until a seminal article by Gary Becker that mainstream economists showed any interest in the criminal economy. The new field of crime economics was, in reality, little more than an extension of rational choice theory and cost-benefit analysis to a new subject. However, reducing crime to a single profit perspective has proven reductive: it ignores, for example, crime that affects public order (e.g., vandalism), and the individualistic approach does not seem to be very relevant when dealing with criminal organizations. Criminal phenomena therefore call for a renewal of the analysis. Inspired, in particular, by the work of Veblen and Commons, this book calls for a renewal of the analysis. It argues for an institutional focus on the integration of individuals into organizational and institutional contexts which provides a richer analysis of criminal choices and reintroduces collective and power-seeking motivations. The study of illegal markets uses an evolutionary approach to highlight their dynamic, cooperative, and interconnected dimensions. The question of criminal infiltration of the legal economy is assessed beyond the issue of money laundering to include territorial control strategies. Finally, a review of the liberal economic discourse and the values it embodies raises questions about the responsibility of the legal economy and its players in the expansion of the criminal economy, as well as the risk of a blurring of the boundary between legality and illegality.

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