The Relationship between the Business Cycle and Crime. A Literature Review

The thesis explores the pervasive issue of violence and crime across various countries, highlighting its detrimental impact on social stability and development. It emphasizes the staggering financial costs associated with crime, estimated between $160 billion and $3,500 billion annually in the U.S. The work underscores the importance of understanding the factors that drive criminal behavior, which can aid in significantly reducing societal costs. Additionally, it discusses the influence of the business cycle on economic activity and its broader social implications.