Criminal justice reform: What does economics have to say?
This is part two of a series on criminal justice reform. Read part one here. For many, crime and criminal justice are not obvious economic issues, despite their effects on public budgets due to the cost of courts, policing, investigating crimes, and much more. Private efforts impose significant costs, as well, whether from house alarms, flood lights, or door locks, not to mention the costs incurred by victims. But costs such as these are not the primary source of economic...