In the current economic climate, this book could not be more timely. One of the world's leading experts explores the connections between crime and economic conditions, linking the formal economy to the operation of illegal markets and both, in turn, to changes in the forms and levels of crime over time.
The book offers a readable, interesting and accessible analysis, covering a range of theoretical and empirical approaches. It addresses a range of different criminal activities, including: violent crime; burglary; drug crime; white collar crime; organised crime; fraud; corporate crime
Crime and the Economy is written in plain English, technical terms (when used) are be explained clearly, examples punctuate the discussion, and visual material is used throughout to explain the topics under discussion. It is essential reading for undergraduates and graduates in criminology and sociology.
Chapter Three: Bringing in Institutions: Markets, Morality, and Crime
Bringing in Institutions: Markets, Morality, and Crime
The reliance on markets to structure the production and distribution of goods and services has become a taken-for-granted feature of modern life. Fundamentally different economic arrangements, such as the state socialism of the former Soviet Union and the centralized command economy of Maoist China, have been relegated to the dustbin of history. There is certainly variation in the forms of market capitalism observed throughout the globe, as well as lively political disagreements in many nations about the proper role of government intervention in a market economy. But questions about whether capitalist markets are desirable or viable are conspicuously absent from contemporary intellectual and political debate.
It turns out, however, that such questions inspired ...