Management
Crime and Punishment: An Economic Approach
Since the turn of the century, legislation in Western countries has ex-
panded rapidly to reverse the brief dominance of laissez faire during the
nineteenth century. The state no longer merely protects against viola-
tions of person and property through murder, rape, or burglary but also
restricts "discrimination" against certain minorities, collusive business
arrangements, "jaywalking," travel, the materials used in construction,
and thousands of other activities. The activities restricted not only are
numerous but also range widely, affecting persons in very different pur-
suits and of diverse social backgrounds, education levels, ages, races, etc
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