Tuesday, October 9, 2018
Daniel Rothschild (George Mason University, Department of Economics, Students) has posted More (Government) Police, More Crime on SSRN. Here is the abstract:
What do government police do and how does one measure whether if what they are doing is beneficial (i.e. engage in a cost-benefit analysis, absent market competition, profit and loss, and a price mechanism). Unlike private defense, government (or public) police are in the business, not of defending people from criminals, but in enriching themselves and enlarging their budgets and bureau size. The following essay will use an economic analysis of state police, what their incentives are, how they operate, some measurement problems, why the war on drugs exist and how civil asset forfeiture lead to the militarized police state that we have today.