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Re: The economics of incarceration



The author admits that he is making no effort to take account of anything other than the
direct economic cost of crime.  Even on that narrow basis, he finds that the excessive
incarceration makes no sense.  You might also note the publication source -- the Milken
Institute Review -- although his work had earlier appeared in more academic outlets.  If
conventional economics takes us this far, then any consideration of class or social impact
will go a lot further.

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu



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