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| Author: | Manning, D. |
| Title: | How Useful Is the Economic Model of Crime In Assisting the War Against Terrorism? |
| Journal: | Economic Affairs
2002 : SEP, VOL. 22:3, p. 21-28 |
| Index terms: | ECONOMICS ECONOMETRIC MODELS CRIME TERRORISM |
| Language: | eng |
| Abstract: | Following the horrific events of 11 September and the subsequent ongoing 'war on terrorism' pursued by the West, the world has become very aware of the modern- day problem posed by terrorism. The author answers the question how great the threat of terrorism is. This article considers whether the economic model of crime can be applied to terrorist activity. It concludes that the model does explain both secular and religiously motivated terrorism: policy-makers wishing to reduce terrorist activity should aim at devising policies which increase costs and/or decrease benefits to change terrorist incentives. The 'war' should continue as long as the probable costs to society incurred by terrorist activity are greater than the costs of abatement. |
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