MAY CONTAIN MARKUP

Donato Masciandaro, EI6d Takats and Brigitte Unger

FROM THE INTRODUCTION: “Traditionally, monetary and financial economics has focused on legal financial transactions, while the economics of crime - following Becker - has neglected the financial aspects. Hence, black finance - finance that relates to illegal or criminal activities - has fallen between the two stools. Due to this separate development in the two sub-disciplines of economics, economic theory has not addressed financial crime sufficiently, so far. This creates a particularly disturbing gap in the literature, since lately, especially in connection with terrorist financing, the financial side of crime has become accentuated in the public and political debate.”

Edward Elgar. Cheltenham, UK • Northampton, MA, USA. 2007. 274p.

By George Sternlieb and James W. Hughes

FROM THE FOREWORD: “The quest for a quick and painless, that is, politically popular, means of raising funds and stimulating economic development never ends. In the last decade, politicians seized on a number of seemingly ingenious devices, from lotteries to off-track betting, that promised benefits such as big increases in revenues and decreases in the role of so-called organized crime. The results have rarely measured up to the expectations-the only thing painless about lotteries and betting shops is the way in which they have parted their clients from their money, and the only real benefits have been to the relatively few individuals who have hit large jackpots and the politicians who have found a new and rich source of patronage.”

Harvard University Press Cambridge, Massachusetts, and London, England. 1983. 224p.

MAY CONTAIN MARKUP