Crime and criminals can pose a major threat to the stability of a society. In order to minimize crime in society, it's important to understand why criminals commit crimes, what are the incentives under which they operate, and are criminals rational actors trying to pursue specific goals?
Thomas Sowell explores these questions and explains the economics of crime and how it operates.
This is an excerpt from the book 'The Thomas Sowell Reader'.
VIDEO HERE (18:10 minutes)
He is always spot on.
ReplyDeleteThomas Sowell is an American treasure. I only regret not learning of him earlier in life.
ReplyDeleteSowell should be required reading for all school students.
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