Mark SchefflerAugust 11, 2009 05:51Updated May 30, 2010 12:04
The dismal science of economics is, by most definitions, about finding the most efficient allocation of resources.
And that goes for individuals, companies, governments and — yes — criminals.
Edward Miguel is an expert on that last category. He's the co-author, with Raymond Fisman, of “Economic Gangsters: Corruption, Violence and the Poverty of Nations.” Published in late 2008, the authors use new data, innovative number-crunching and various pattern recognition models to plumb the worlds of kleptocrats, corruption, black marketeers and violence.