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24 July, 21:13

Read the following excerpt from Levitt and Dubner's Freakonomics.

A key fact of white-collar crime is that we hear about only the very slim fraction of people who are caught cheating. Most embezzlers lead quiet and theoretically happy lives; employees who steal company property are rarely detected.

With street crime, meanwhile, that is not the case. A mugging or a burglary or a murder is usually tallied whether or not the criminal is caught. A street crime has a victim, who typically reports the crime to the police, who generate data, which in turn generate thousands of academic papers by criminologists, sociologists, and economists. But white-collar crime presents no obvious victim.

In this excerpt, the authors present

a comparison between various criminals.

an argument in favor of reporting crime.

a contrast between different types of crime.

an argument against embezzlement.