Document Type

Article

Publication Date

Fall 2014

Publication Source

Economic Forum

Volume

531

Issue

10

Inclusive pages

158 - 163

Publisher

Hebei Academy of Social Sciences

Place of Publication

Shijiazhuang, Peoples Republic of China

ISBN/ISSN

1003-3580

Abstract

The problem of crime in the United States is a perennial problem. Since 1980 the size of the prison population in the United States has increased more than 400 percent. The United States has a larger proportion of its citizen in prisons and jails and under state supervision (probation and parole) than any other country in the world. However, the vast majority of criminals who have committed the most serious crimes as measured by material loss and numbers of deaths and injuries, have never been charged, convicted or incarcerated for their crimes. There is little centralized collection and disbursement of data by the United States Government that monitors this portion of the crime problem. Most citizens are unaware of those crimes which they are more likely to be victimized and experience the greatest losses. These are the crimes of those in white collars, occupational and corporate crime, that occur as a result of a culture that promotes and rationalizes the behavior and a government that lacks the political will to regulate and prosecute the criminal behavior. This essay describes the major types of economic crimes, estimates of cost, and challenges of control and regulation by the United States government. It concludes with a discussion of lessons to be learned by other countries who are embarking on their own economic system dominated by the forces of the market and those who own, control, and manage the economic enterprises within their system.

Keywords

Economic Crime

Disciplines

Criminology | Economics | Sociology

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