Friday, October 29, 2010

Crime Costs

They have been calculated somewhat, as this article from Slate notes.

An excerpt.

“Crime doesn't pay, supposedly. But it does cost society something. The question is how much.

Researchers at Iowa State University recently attempted to run the numbers. They wanted to include not just the direct costs—the damaged property and lost careers and prison upkeep and lawyer fees—but also the broader and more intangible societal costs, such as more frequent police patrols, more complicated alarm systems, and more expensive life-insurance plans. If we knew how much a crime costs society, their reasoning went, maybe we could better decide how much money to spend trying to stop it.

“They found that each burglary in the United States—a car break-in, for example—costs $41,288. For armed robberies the cost increases eightfold, to $335,733. Every aggravated assault costs $145,379. Each rape costs $448,532.

“Then there is murder. The researchers, led by sociologist Matt DeLisi, put the price tag at a whopping $17,252,656. That means in 2009, according to the FBI, murder cost the United States almost $263 billion—nearly as much the federal government annually spends on Medicaid.”