
Source: Financial market wrongdoing: Fines vs reputational sanctions | VOX, CEPR’s Policy Portal
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
30 Mar 2016 Leave a comment
in economics of crime, economics of education, entrepreneurship, financial economics, industrial organisation, law and economics, survivor principle Tags: crime and punishment, signalling
17 Mar 2016 Leave a comment
in applied price theory, economics of crime, law and economics Tags: career criminals, criminal deterrence, habitual criminals, Leftover Left, marginal deterrence, offsetting behaviour, primate punishment, unintended consequences
A card-carrying Leftist would not know what to do with this study by Radha Iyengar. In their life mission of excusing criminals, they could bait and switch. Quickly acknowledged the results of the study, a massive reduction in serious crime, then go on as fast as possible to the unintended consequences on marginal deterrence. 3rd strike offenders tend to commit more violent crimes because they have less to lose. That is basic applied price theory.
Source: Do three-strikes laws make criminals more violent?
Sadly, card-carrying leftists denied themselves this argument when arguing against 3 strikes when the laws before Parliament. You have to admit the deterrence works in order to argue that 3 strikes and you are out screws up marginal deterrence.
To be fair, the Left did not do that fully. The standard argument against life without parole is that these prisoners will have nothing to lose and will be difficult for the prison guards to manage. That is, life without parole screws up marginal deterrence even among hardened criminals.
10 Mar 2016 Leave a comment
in economics of crime, politics - New Zealand
07 Mar 2016 Leave a comment
in economics of crime, health economics, law and economics, politics - USA Tags: crime and punishment, mental illness, police killings, the and order
Unfortunately for all concerned, most of the mentally ill shot this month by police was the result of an impossible dilemma. They were either attacking police or were armed.
Source: Investigation: People shot and killed by police this year – Washington Post.
07 Mar 2016 Leave a comment
in economics of crime, politics - USA Tags: crime and punishment, criminal deterrence, law and order, police killings
06 Mar 2016 Leave a comment
in economics of crime, politics - USA
Once again, few are shot by police if they are unarmed, much less with their hands in the air and not offering resistance. A leading cause of death of unarmed civilians is stray bullets. The lesson there is do not travel in cars or live with armed criminals.

Source: Investigation: People shot and killed by police this year – Washington Post.
05 Mar 2016 Leave a comment
in applied price theory, economics of crime
The anti-hunting choir has a lot to answer for. #auspol http://t.co/2FGgC11VZp—
David Leyonhjelm (@DavidLeyonhjelm) August 17, 2015
04 Mar 2016 Leave a comment
in economics, economics of crime, law and economics
01 Mar 2016 Leave a comment

Nikolai Ivanovich Yezhov was head of the NKVD from 1936 to 1938, during the deadliest period of Stalin’s Great Purge.
23 Feb 2016 Leave a comment
in economics of crime, law and economics, politics - New Zealand Tags: criminal deterrence, law and order, police chases, police killings, road safety
Source: Rodney Hide, “Pursuit culture skews police priorities”, National Business Review, 19 February 2016, p.28.
22 Feb 2016 Leave a comment
in economics of crime, law and economics, politics - New Zealand Tags: criminal deterrence, law and order, police chases, police killings
Rodney Hide found that one in four New Zealand police chases ends in a crash. Of the 137 police pursuits that ended in death or serious injury between 2003 and 2008 there are 9 violence charges. Six were for manslaughter – all caused by crashes that ended the chase. There was also one charge of murder relating to the crash at the end of the chase. No violence charges arose from information known at the time of the start of the police chase. There was ambiguous information about a charge of kidnapping after a police chase. I could not determine if this kidnapping was known at the time the police chase started and therefore was its motive.
Source: Rodney Hide, “Pursuit culture skews police priorities”, National Business Review, 19 February 2016, p.28.
In all, 13 of the 137 police chases were motivated by the fleeing driver having committed a crime. The most serious of these was burglary. Rodney Hide also found that between 2005 and 2008 there are an average of 182 police chases a month.
I am all for police chasing kidnappers and armed criminals brandishing their weapons. As for the rest, they are not serious offenders. Chasing them puts the public at risk. Most of the fleeing drivers and their passengers are enthusiastic applicants for the Darwin awards.
18 Feb 2016 Leave a comment
in economics of crime, law and economics Tags: organised crime
16 Feb 2016 Leave a comment
in economics of crime, environmental economics
The lack of celebration of the low levels of air pollution in New Zealand by Greenpeace, the Greens and environmentalists can only be explained by mass kidnapping. Otherwise they would be dancing in the streets. We pray for their early release from their outrageous captivity by mystery hostage-takers.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Scholarly commentary on law, economics, and more
Beatrice Cherrier's blog
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A rural perspective with a blue tint by Ele Ludemann
DPF's Kiwiblog - Fomenting Happy Mischief since 2003
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
The world's most viewed site on global warming and climate change
Tim Harding's writings on rationality, informal logic and skepticism
A window into Doc Freiberger's library
Let's examine hard decisions!
Commentary on monetary policy in the spirit of R. G. Hawtrey
Thoughts on public policy and the media
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Politics and the economy
A blog (primarily) on Canadian and Commonwealth political history and institutions
Reading between the lines, and underneath the hype.
Economics, and such stuff as dreams are made on
"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
Undisciplined scholar, recovering academic
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
Articles and research from the History of Parliament Trust
Reflections on books and art
Posts on the History of Law, Crime, and Justice
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Exploring the Monarchs of Europe
Cutting edge science you can dice with
Small Steps Toward A Much Better World
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
Recent Comments