The mental suffering and agony, the ruined lives, the broken homes and hearts, the desolation and yearning and despair who can measure the cost of crime? Eugene Smith, 1901 The anxiety people feel towards another people the fear of crime lies at the foundations of human society. The enormous burden that crime imposes on societies calls for ef?cient social arrangements and institutions. While intuitively obvious, the exact scope of this burden for a long time eluded measurement. With the emergence and development of quantitative methods in economics and statistics, the exercise of calculating...

The mental suffering and agony, the ruined lives, the broken homes and hearts, the desolation and yearning and despair who can measure the cost of crime? Eugene Smith, 1901 The anxiety people feel towards another people the fear of crime lies at the foundations of human society. The enormous burden that crime imposes on societies calls for ef?cient social arrangements and institutions. While intuitively obvious, the exact scope of this burden for a long time eluded measurement. With the emergence and development of quantitative methods in economics and statistics, the exercise of calculating...