Crime and Economics provides the first comprehensive and accessible text to address the economics of crime within the study of crime and criminology. The economics of crime is an area of growing activity and concern, increasingly influential both to the study of crime and criminal justice and to the formulation of crime reduction and criminal justice policy. As well as providing an overview of the relationship between economics and crime, this book poses key questions such as: What is the impact of the labour market and poverty on crime? Can society decrease criminal activity from a basis of economic disincentives? What forms of crime reduction and methods of reducing re-offending are most cost beneficial? Can illicit organised crime and illicit drug markets be understood better through the application of economic analysis? For those interested in economic methods, but without previous economic training, this book also provides an accessible overview of key areas such as cost-benefit analysis, econometrics and the debate around how to estimate the costs of crime. This book will be key reading for undergraduate and postgraduate students of criminology and economics and those working in the criminal justice system including practitioners, managers and policy makers.

Rising prison numbers on both sides of the Atlantic are cause for concern. Justice Reinvestment is a major movement in criminal justice reform in the US that is also attracting lots of interest in the UK. Justice Reinvestment is an approach to addressing the penal crisis that uses the best available evidence to re-direct resources to more effective rehabilitation of offenders and better 'prehabilitation'. It takes a more holistic view of criminal justice and is particularly concerned to address the community dimensions of offending and re-offending. The authors highlight competing models of Justice Reinvestment and argue for a more radical version in which criminal justice reform is seen as part of a wider social justice reform programme. This is the first substantial publication on Justice Reinvestment and shows that 'Justice Reinvestment' has huge potential to re-shape the criminal justice system. It will be essential reading for undergraduate and post-graduate students with an interest in criminal justice reform. Practitioners and policy-makers working in the criminal justice system in the US and the UK will also value the fresh perspective it brings to criminal justice reform and its breadth of coverage including insights into the penal crisis, different models of Justice Reinvestment, the use of criminal justice data and research evidence in re-designing criminal justice services and new approaches to commissioning.

Rising prison numbers on both sides of the Atlantic are cause for concern. Justice Reinvestment is a major movement in criminal justice reform in the US that is also attracting lots of interest in the UK. Justice Reinvestment is an approach to addressing the penal crisis that uses the best available evidence to re-direct resources to more effective rehabilitation of offenders and better 'prehabilitation'. It takes a more holistic view of criminal justice and is particularly concerned to address the community dimensions of offending and re-offending. The authors highlight competing models of Justice Reinvestment and argue for a more radical version in which criminal justice reform is seen as part of a wider social justice reform programme. This is the first substantial publication on Justice Reinvestment and shows that 'Justice Reinvestment' has huge potential to re-shape the criminal justice system. It will be essential reading for undergraduate and post-graduate students with an interest in criminal justice reform. Practitioners and policy-makers working in the criminal justice system in the US and the UK will also value the fresh perspective it brings to criminal justice reform and its breadth of coverage including insights into the penal crisis, different models of Justice Reinvestment, the use of criminal justice data and research evidence in re-designing criminal justice services and new approaches to commissioning.

As public services budgets are cut, the 'Payment by Results' (or Pay for Success) model has become a popular choice in public sector commissioning. Social Impact Bonds are a variant of Payment by Results also promoted by proponents of social (or impact) investing. But how effective are these approaches? This short book asks whether the Payment by Results model is an efficient way to unlock new capital investment, help new providers to enter the 'market' and foster innovation, or whether the extension of 'neoliberal' thinking, complexity and the effects of managerialism undermine the effective delivery of social outcomes. Synthesising lessons from the UK and US for the first time, the book draws on published work in both countries together with insights from the authors' own research and consultancy experience to offer a balanced and bipartisan overview of a field where the evidence has been weak and there are strong ideological agendas in play.

Exploring contemporary challenges and opportunities for the realisation of Decent Work, this edited collection reviews the origins of the concept and helps to demonstrate its working in practice. Using a Decent Work lens to explore the realities of eroding work conditions in typical and atypical work, the analyses presented here argue that urgent action is required to address these issues for the benefit of individual workers, and society as a whole. Prepared by researchers and collaborators associated with the Decent Work and Productivity Research Centre at Manchester Metropolitan University, UK, this volume provides insights from an exceptional blend of authors presenting high-quality research from multiple disciplines including economics, labour market studies, organisation studies, sociology, psychology, career development and education. These unique and wide-ranging contributions position Decent Work as valuable to important questions about the future of work, and emerging interdisciplinary research about work. Addressing changes to today's work and employment relationships - including the roles of governments, employers, and trade unions - this volume offers suggestions for how public and private sector policy and practice can support the realisation of Decent Work, while also theorising the concept's contested nature, and exploring urgent and practical possibilities to secure fair and decent working lives for all.

Critically assessing growth-based models of innovation policy, this enlightening study sparks new debate on the role and nature of responsible innovation. Drawing on insights from economics, politics, and science and technology studies, it proposes the concept of 'responsible stagnation' as an expansion of present discussions about growth, degrowth, responsibility and innovation within planetary limitations. This important intervention explores real-world relationships between the political economy, innovation policy and concepts of responsibility, and will be an invaluable resource for individuals and civil society organizations who seek to promote responsible innovation.

Crime and Economics provides the first comprehensive and accessible text to address the economics of crime within the study of crime and criminology. The economics of crime is an area of growing activity and concern, increasingly influential both to the study of crime and criminal justice and to the formulation of crime reduction and criminal justice policy. As well as providing an overview of the relationship between economics and crime, this book poses key questions such as: What is the impact of the labour market and poverty on crime? Can society decrease criminal activity from a basis of economic disincentives? What forms of crime reduction and methods of reducing re-offending are most cost beneficial? Can illicit organised crime and illicit drug markets be understood better through the application of economic analysis? For those interested in economic methods, but without previous economic training, this book also provides an accessible overview of key areas such as cost-benefit analysis, econometrics and the debate around how to estimate the costs of crime. This book will be key reading for undergraduate and postgraduate students of criminology and economics and those working in the criminal justice system including practitioners, managers and policy makers.