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Causing a stir: the economic aspects of UK crime revealed

Crime and punishment for the free market age

ECONOMISTS are notorious for their "intellectual imperialism", a polite term for a tendency to poke their noses into other social scientists' business. When disillusioned with crystal ball gazing, their minds have been known to turn to a whole plethora of social phenomena such as marriage, divorce, and crime.

This issue was stimulated in the 1960s by the Chicago economist Gary Becker, although the true economic anoraks will point out that it was Fife's finest, Adam Smith, who noted back in 1776 that crime and the demand for protection were both motivated by the accumulation of property.

More than two hundred years later, economists do at least ...

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