What Do Economists Know About Crime?

Angela K. Dills, Jeffrey A. Miron and Garrett Summers

in The Economics of Crime

Published by University of Chicago Press

Published in print September 2010 | ISBN: 9780226153742
Published online February 2013 | e-ISBN: 9780226153766 | DOI:
What Do Economists Know About Crime?

More Like This

Show all results sharing this subject:

  • Economic Development and Growth


Show Summary Details


This chapter focuses on illegal markets for drugs and for one class of possible contributions to the study of crime in Latin America. But this is possible only if the importance of drugs in Latin America is provided and given the study of markets is an area where economists can be expected to have substantive comparative expertise. This chapter provocatively provides a pessimistic view of the state of knowledge in the field, arguing that the broad trends in crime over the past forty years suggest that few things have worked. It focuses on what happens to supply and demand when an artificial law prevents market clearing, connecting drug prohibition and violent crime. According to the chapter, a large part of the problem arises because government prohibition policies affect the nature and amount of dispute resolution that takes place through legal means.

Keywords: illegal markets; drugs; Latin America; drug prohibition; violent crime; prohibition policies

Chapter.  12457 words.  Illustrated.

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.