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2 AN ECONOMIC THEORY OF CRIMINAL BEHAVIOR
ALLOCATING RESOURCES IN LAW ENFORCEMENT
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American Enterprise Institute American political thought American political tradition argue benefit-cost ratio benefits of law Buchanan certainty of punishment ceteris paribus commit crimes consumer sovereignty conviction costs of crime costs of punishment crime prevention crime rates criminal behavior economic approach economic model economists effect Ehrlich faction gamblers Gary Becker George Stigler Herbert Stein Ibid illegal activity Illegitimate Activities increase individual inputs interest law enforcement law enforcement programs law-abiding Lincoln loss from crime Madison marginal benefit marginal cost ment mob justice model of criminal moral commitment murderers offenders Pareto Pareto optimal policy maker political religion potential problem property crime psychic costs public policies public preferences public willingness punishment dilemma recidivism rehabilitation retribution righteous indignation self-interest sentence severe punishments severity of punishment skyjacking rate social loss society studies suggests threat of punishment unit of crime utility Walter Berns welfare economics welfare-economics approach willingness to pay wisdom and consent