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Economics Theory and Crime. Why do criminals commit crime. Why is law enforcement failing in the war on drugs.
Economics Theory and Crime
The purpose of this article is to show that economic theory can be used and applied to every aspect of life, even crime. The article explains that crimes which have high profit maximization such as stealing and drug dealing need laws to reflect punishments that hit the criminal where it hurts them the most; financially. Supposedly, criminals are rational people and decide to commit crimes the same way normal people make economic decisions. It's just a simple analysis of choices "among the alternative combinations of costs and benefits." This being said, laws…
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