Many Researchers Agree That, in the United States, Most Arrests

question 113

Essay

Many researchers agree that, in the United States, most arrests for street crime involve people of lower class position. Why, according to Robert Merton, Albert Cohen, Walter Miller, and Elijah Anderson, would this be the case? How would a broader definition of crime (to include more white-collar and corporate offenses) change the profile of the typical criminal?

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Definitions:

Risk-free Rate

The theoretical rate of return of an investment with zero risk of financial loss, typically represented by the yield on government securities.

Maturity

The time at which payment to a bondholder is due or the termination date of an investment contract.

Stock Price

The cost of purchasing a share of a company on the stock market at any given time.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to purchase an asset at a specified price within a designated time period.