"This really inspired me and got me thinking." Economist debunks flaws in widespread 'tragedy of the commons' theory: 'The ...

The Second Circuit explained that the Supreme Court had thrown out prosecutors' best argument in their historic currency ...

The economic theory of crime (Becker, 1965) demonstrates a direct correlation between poverty and crime. It assumes that people resort to crime only if the cost of committing the crime is lower ...

In October 2024, the National Economic Crime Centre and the Home Office convened the first Economic Crime Academic Forum, to bridge the gap between academic research and policymaking.

The idea is to advance US interests by merging policies on trade, international finance and national security – at the expense of friends and adversaries alike.

And then the wickedness theory kind of indicates that we should just try to root out and incarcerate bad people for as long as possible to prevent them from doing crime.

These protests, one version of the theory goes, prompted the police to be more wary in how they did their jobs, allowing more crime to occur.

Study linking participants’ personality to records of their criminal convictions finds that honesty-humility, emotionality, and conscientiousness correlate negatively with crime.

One explanation is economic. Unlike the United States, Japan has low levels of wealth inequality—a central driver of crime. Another explanation is demographic. With a native-born population of 97 ...

Third, they favour practising “economic eclecticism”, an approach that meshes economic theory with narratives and insights from a wider array of disciplines.