The 50th anniversary of a groundbreaking work
the antitrust division of America’s Department of Justice has gone on a crusade against corporate mergers, filing a record number of complaints in an attempt to stop the biggest businesses from getting even bigger. With few exceptions, these efforts have been thwarted by the courts. That it is so hard to get a judge to intervene in business reflects the work of an institution known more for its free-market influence on economics than the law: the University of Chicago.
With the arrival of the law-and-economics movement, every legal question was suddenly addressed in the context of the incentives of actors and the changes these produced. In “Crime and punishment: an economic approach” , Becker argued that, rather than being a balancing-act between punishment and the opportunity for reform, sentences act mainly as a deterrent: the literal “price of crime”. Harsh sentences, he argued, reduce criminal activity in much the same way as high prices cut demand.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Survey shows American men are less healthy than they believeMost American men think they're leading a healthy lifestyle, possibly picturing themselves as a Hollywood leading man type.
Læs mere »
City shopping centre welcomes FOUR new restaurants including top American chainA Glasgow shopping centre is set to welcome FOUR major restaurants including the first Wingstop restaurant in Glasgow.
Læs mere »
20 years of Grand Slam drought: Which American man has come closest to winning since 2003?It has been 20 years since an American men's tennis player won a Grand Slam title. Who has come the closest in that time?
Læs mere »
Pokémon, screams and gamer Easter eggs: The making of a viral Chicago Bulls schedule releaseWhen the Bulls announced their 2023-24 regular-season schedule last month, they went viral with a Pokémon-themed presentation.
Læs mere »
American house prices should be falling amid rocketing rates—why are they not?Also on the daily podcast: a look at the efficacy of egg-freezing and remembering an anthropologist who went native in China
Læs mere »