A literature review into the economics of crime and its policy indications

Abstract

I conducted a literature review into the subjects of economics of crime and its origins with a further review into the questions of policy within the subjects of crime and economics. I first go through the basic ideas of the field from classic models to modern research done with new econometric tools and natural experiments. I find that at least in Finland the policy matters are quite well aligned with the findings of the conclusions in the literature reviewed. The quest for understanding crime and its driving forces is quite complex and has a multitude of variables but in conclusion with the findings, Finland is on the better part of countries when it comes to crime rates.