Artificial Scarcity, Power, and the Italian Mafia

  title={Artificial Scarcity, Power, and the Italian Mafia},
  author={C. Champeyrache},
  journal={Journal of Economic Issues},
  pages={625 - 640}
This paper contributes to an institutional theory of crime. More specifically, it focuses on the problem of the mafia and the infiltration of legitimate businesses. In legal markets, the mafia resorts to artificial scarcity as a functioning principle. Although scarcity and its consequences for market economies are key aspects of mainstream economics, they have been insufficiently analyzed because the emphasis is only on "natural" scarcity. The mafia phenomenon reveals that scarcity can also be… Expand
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