Why Crime Pays: The Economics of Organised Crime

with Nadia Campaniello, Mirko Draca, David Skarbek, Federico Varese and Tom Gash (Chair)

Economics/
Sat 19 November 2016

Why Crime Pays: The Economics of Organised Crime

with Nadia Campaniello, Mirko Draca, David Skarbek, Federico Varese and Tom Gash (Chair)

Sat 19 November 2016,

The significance of crime as an economic activity is often underestimated. Organised crime is big business, operating on a global scale. The tools of economics can help in understanding what might hinder this successful multinational activity, and on tackling the problems crime causes, from gang violence to drug abuse or people trafficking. Economic incentives can explain why people embark on criminal careers. In fact, without the economic analysis, policies on crime will probably fail. What can economics tell us about the consequences of proposals such as legalising drugs, putting more police on the streets, or sending more culprits to prison?

Photo of Nadia Campaniello.

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