- The Oxford Handbooks in Criminology and Criminal Justice
- The Oxford Handbook of White-Collar Crime
- Core Themes in the Study of White-Collar Crime
- The Roots and Variant Definitions of the Concept of “White-Collar Crime”
- Theoretical, Empirical, and Policy Implications of Alternative Definitions of “White-Collar Crime”: “Trivializing the Lunatic Crime Rate”
- What Is Known and What Should Be Known About White-Collar Crime Victimization?
- The Costs of White-Collar Crime
- Who Commits White-Collar Crime, and What Do We Know About Them?
- White-Collar Criminals: Ethnographic Portraits of Their Identities and Decision Making
- The Pool of Potential White-Collar Criminals: Whence?
- Middle-Class Crime: Moral Economies Between Crime in the Streets and Crime in the Suites
- Gender Constructions
- Adolescent Precursors of White-Collar Crime
- White-Collar Criminal Participation and the Life Course
- Developmental Perspectives on White-Collar Criminality
- White-Collar Crimes of the Financial Crisis
- Organizational Political Economy and White-Collar Crime
- Economic Fluctuations and Crises
- Cultural Variation
- Criminal Decision Making in Organizational Contexts
- Opportunities for White-Collar Crime
- Employee Theft
- Criminogenic Organizational Properties and Dynamics
- Organizational Self-Restraint
- Oversight and Rule Making as Political Conflict
- Regulation: From Traditional to Cooperative
- Comparing Assumptions Underlying Regulatory Inspection Strategies: Implications for Oversight Policy
- The Credibility of Oversight and Aggregate Rates of White-Collar Crime
- Investigating and Prosecuting White-Collar Criminals
- Sentencing Respectable Offenders
- Effects on White-Collar Defendants of Criminal Justice Attention and Sanctions
- White-Collar Crime and Perceptual Deterrence
- The Practical Challenges of Responding to Corporate Crime
- Public Opinion and Public Policy on White-Collar Crime
Abstract and Keywords
From an employee who steals $50 from the cashbox to a multibillion-dollar conspiracy to manipulate interest rates, the costs of white-collar crime are far-reaching and often extend beyond the pure financial realm. Many victims of financial frauds suffer psychological harm akin to those of assault victims. Pharmaceutical manufacturers have been convicted of falsifying test results finding an increased risk of side effects, resulting in patients suffering needless injury or death. Oil companies have been convicted of causing major spills leading to property damage, lost earnings, and environmental harm. Ultimately, the study of white-collar or corporate crime costs is not much different from that of street crime: both require a comprehensive look at a host of harmful outcomes, including monetary, psychological, and health-related impacts. What makes the study of white-collar crime costs more difficult is the lack of consistent victimization data and the fact that much white-collar crime involves regulatory offenses and/or occurs during legitimate business activities.
Mark A. Cohen, PhD, is Justin Potter Professor of American Competitive Enterprise and Professor of Law at Vanderbilt University.
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