Briefly explain from an economic perspective the purpose of criminal law and provide two reasons why...

Briefly explain from an economic perspective the purpose of criminal law and provide two reasons why tort law on its own is inadequate in achieving this purpose.

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Expert Solution

Criminal law economic perspective

Equitable economic development, and, sustainable poverty reduction depends on the foundation of the rule of law
(Likelihood of punishment * quantity of punishment) > Gain offered by the specific criminal act
State inflicts stigma on defendant
Infllicts suffering on defendant
Is a deterrence for future crimes, and, reinforces social norms

Tort law is inadequate in achieving this purpose

No regulations designed to reduce external cost
Plaintiff obtains damages as compensation
Deterrence not as much as in case of criminal law

Criminal Law vs. Tort Law

keosha answered 10 months ago

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