Tuesday, April 30, 2013

Are Mandatory Sentences Cost Efficient?

In Law and Economics we are talking about the economics of crime.  Here is a very good article addressing the issue of mandatory sentences and cost-effective or cost efficient punishment.  As you have seen in the class, we are focusing on minimizing the social cost of crime by using a system of punishment.  If the optimal level of punishment does not coincide with the socially minimum cost of punishment, then society is either punishing too much (as indicated in this article) or too little.

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