Journal Article

The economics of crime

Abstract: Gary S. Becker, the 1992 recipient of the Nobel Prize for Economic Science and Professor of Economics at the University of Chicago, spoke to business and community leaders as guest lecturer in the Federal Reserve Bank of Richmond's Economic Lecture Series. This article is excerpted from The Economics of Crime: Prevention, Enforcement, and Punishment, which outlined his premise that people decide whether to commit a crime by a comparison of the benefits and costs.

Keywords: Crime; Economics;


Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Cross Sections

Publication Date: 1995

Volume: 12

Issue: Fall

Pages: 8-15