Crime and Punishment in America: 1999
Table of Contents
- Executive Summary
- Introduction: The Recent Decline of Serious Crime
- Why the Serious Crime Rate Has Fallen
- Calculating Expected Punishment
- Expected Punishment and the Crime Rate
- How to Reduce Crime Further
- The Cost of Not Building Prisons
- Bringing Down Costs through Privatization
- Conclusion
- Notes
- Appendix
- About the Author
About the Author
Morgan O. Reynolds, an NCPA Senior Fellow and a professor of economics at Texas A&M University, received his Ph.D. from the University of Wisconsin in 1971. He has published many articles in academic journals, and edited W.H. Hutt: An Economist for the Long Run (1986). He also authored Public Expenditures, Taxes, and the U.S. Distribution of Income (1977); Power and Privilege: Labor Unions in America (1984); Crime by Choice: An Economic Analysis (1985); Making America Poorer: The Cost of Labor Law (1987); and Economics of Labor (1995). He has been a consultant for the National League of Cities, the U.S. Department of Labor and many private organizations. He serves on the boards of the Journal of Labor Research and the Quarterly Journal of Austrian Economics and is a member of the Mont Pelerin Society and a former adjunct scholar with the Cato Institute.
