Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Criminology Theory: Economic Theory of Criminology
Criminology and the thought processes of criminals have long been a point of contention for society. Here, the need to identify why and how criminal behave the way they do ultimately provides a means of maintaining the integrity of society. In addition, the need for continual research in the field is required as criminals continue to develop new and unique methods in which to disrupt the underlying values and principles of society. By continually learning about criminal behavior, law enforcement in conjunction with governments and communities can better protect law abiding citizens while also mitigating unlawful behavior. Once such theory that contributes to this is that of the economic theory of criminology. This theory was originally formalized by Gary Becker in 1968 and has been adapted over the year by many criminologists around the world. The theory states that criminals, from an economic perspective are rational and respond to incentives placed by the criminal justice system. Here, would be criminals compare the potential gain of the crime, the likelihood of being success at the crime, against the possibility to getting caught and the consequences associated with it.
This explains a...…standpoint. Here, the benefits of getting back at the community that appears to have wrong him over the years, outweighed the consequences of prison time, thus substantiating the economic theory of criminology.
Society can learn form this theory by making consequences for certain behavior hasher to deter its occurrence. In addition, the country can benefit be having economic programs that help promote income and wealthy equality. By reducing in equality, and promoting high wealth and living standards, those in society are much less likely to commit crimes due the heavy consequences of doing so relative to their current standard of living. This…
References
1. Wenger, M. G., & Bonomo, T. A. (1993). Crime, the Crisis of Capitalism, and Social Revolution. In D. F. GREENBERG (Ed.), Crime And Capitalism: Readings in Marxist Crimonology (pp. 674–688). Temple University Press. http://www.jstor.org/stable/j.ctt14btbrw.37
He would be faced with deciding whether he must spend all his available resources on goods or services, or whether he must save some of his income so that he would be able to finance some of his needs of his future. When he is taken as a labor resource, he must make the decision whether he must use his time in working for his pay, or whether he
Both Keynes and Kalecki use Marx's theories as a starting point but quickly moved into new ways of thinking, particularly with regard to effective demand being oriented toward the demand-side. Marx had remained rooted in supply-side demand function, rejecting Say's Law only to note that demand did not necessarily meet supply. Works Cited: Marx, K. (1867). Das kapital: A critique of political economy. Mandel, E. (1995). Marx's theory of crises. International Viewpoint.
Economic Theory Since the Great Depression, many Keynesian economists have been arguing that their basic approach is the best way to deal with issues that could have a long-term impact on the economy. At the heart of this basic philosophy, is the belief that when spending in the private sector is stagnant, the public segment can be able to deal with these challenges. The reason why, is because the government
Economics One of the most fascinating aspects of Chapter 4 is how the Marxists theories provide insights into how tightly economic, geopolitical and societal forces interact to redefine the foundational definition of value in a society. What's most fascinating about Marxism relative to capitalism is that fact that the former tends to see economic ecosystems as manageable and even predictable. Capitalism shows that economic ecosystems, while defined through constructs and
edit this based on what I have. Please do not change the paragraph. You can edit by each paragraph. A more stable gold standard monetary system can be one of the solutions used to help the economy. However, given the lack of gold during the Opium War and the shortage of silver, the Qing government was not able to import gold at the time. Even so, the stable gold standard is