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Examines episodes of financial delinquency and discusses the way in which observers, including criminologists, shape an understanding of their causes and consequences. Manias, bubbles, and crashes are described alongside fraud and other forms of crime, including theft, in an attempt to uncover the relationship between financial conduct and its 'collateral' illicit by-products, be these the result of individual or collective acts
This work investigates the intersection of legitimate financial market volatility and criminal activity to determine how financial delinquency is constructed and perceived. Vincenzo Ruggiero, a professor of sociology, utilizes a criminological framework to analyze the systemic nature of financial crises. He argues that the boundary between legal market behavior and illicit conduct is often porous, suggesting that fraud and theft are frequently inherent by-products of speculative financial systems rather than mere anomalies.
Reader & Expert Consensus: Scholars and critics frequently note the academic density of the prose and the author's critical approach to traditional economic theory. Experts highlight this as a significant text for understanding the sociological dimensions of white-collar crime and market instability.
Page Count:
268
Publication Date:
2017-01-01
Publisher:
Oxford University Press
ISBN-10:
0191826251
ISBN-13:
9780191826252
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