Author : Johnny Ch Lok
Publisher : Independently Published
ISBN 13 : 9781710110487
Total Pages : 366 pages
Book Rating : 4.1/5 (14 download)
Book Synopsis The Relationship Between Macro Economy Measurement And by : Johnny Ch Lok
Download or read book The Relationship Between Macro Economy Measurement And written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-11-21 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is economic theories of crime ?This brief literature review highlights three key economic frameworks that can be used to explain a persistent social problem in modern society, crime and delinquency: the rational model, the present-oriented or myopic model, and the radical political economic model. Based on a cost-benefit analysis, an individuals decision to engage in crime in the rational model is consistent in the short-and long-term. Present-oriented individuals, however, focus on the short-term benefits without particular concern for the long-term consequences of their actions. The radical political economic model focuses on the following key political and socio-economic factors that sustain crime: relative deprivation, poverty and inequality, unemployment, and class conflict.The conclusion includes a conceptual map integrating the three frameworks.Some economists and crime psychologists believe that crime is not limited to certain areas or to certain socioeconomic classes of society. Criminal activities take many forms, including theft, homicide, assault, fraud, embezzlement, and blackmail. So why does crime persist? Are there underlying factors that can explain criminal behavior? Can we lowerthe incentives for criminal behavior? Do criminals take opportunity costs of committing a crime into account? The social science field has long been interested in these questions.This literature review focuses on the discipline of economics and its assumptions about individual decisions to commit crime. The standard assumption is that individuals who commit crimes are rational decision makers who expect to gain something from criminal activity, and this gain is greater than the expected costs associated with being caught. Most of the research in this area focuses on the effects of incentives to engage in criminal behavior and on the use of cost-benefit analysis to assess alternative policies to reduce crime. However, not all crime can be categorized as rational behavior. Socioeconomic factors are also assumed to affect crime, and alternative theories to explain criminal activities are used to challenge the standard assumption of rational behavior.The main objective of this review is to identify the key economic frameworks that are used to explain crime and delinquency. The three key frameworks include the rational model of crime, the present-oriented or myopic model of crime, and the radical political economic model of crime