oter

Criminal law serves to deter crime from "summary" of Economic Analysis of Law by Richard A. Posner

The primary aim of criminal law is to discourage individuals from engaging in illegal activities. By imposing penalties such as fines, imprisonment, or community service, the law seeks to dissuade potential wrongdoers from committing crimes. This deterrent effect is based on the assumption that individuals are rational actors who weigh the potential costs and benefits of their actions. If the expected costs of committing a crime exceed the potential benefits, individuals are less likely to engage in criminal behavior. The concept of deterrence is central to the economic analysis of law. Economists argue that individuals respond to incentives, including the threat of punishment for illegal actions. Therefore, by increasing the severity of penalties or improving the likelihood of apprehension, policymakers can reduce the incidence of crime. This approach is based on the premise that individuals are motivated by self-interest and will adjust their behavior in response to changes in the legal envir...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    oter

    Economic Analysis of Law

    Richard A. Posner

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.