tag:blogger.com,1999:blog-2830084253401570472.post1314962574441938410..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: Prison economic illiteracyEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2830084253401570472.post-55945146881570144262012-03-20T09:23:04.720+13:002012-03-20T09:23:04.720+13:00I'm more than prepared to believe it; I'm ...I'm more than prepared to believe it; I'm also not particularly a fan of how Chauvel rolls up 25 years of costs into one number for the new prison but gives no comparable long-term cost for refurbishing the current facilities.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-47484956894012224182012-03-20T00:20:26.630+13:002012-03-20T00:20:26.630+13:00Hard costs for whole of life maintenance of the ol...Hard costs for whole of life maintenance of the old prisons was significantly higher when considered on a like for like basis against a newly designed purpose built facility. In addition the deferred liability rate cripple the business cases for extending the life of the existing facilities.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-11264996431215069032012-03-19T14:22:23.158+13:002012-03-19T14:22:23.158+13:00You can imagine arguments where job losses matter ...You can imagine arguments where job losses matter more in small towns than in big cities. But you can also make arguments that small towns that survive via inefficient placement of prisons probably ought to be allowed to downsize.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-65077090973095720632012-03-19T14:00:35.938+13:002012-03-19T14:00:35.938+13:00"Prison closures will be a big blow to region..."Prison closures will be a big blow to regional economies. Job losses will be significant."<br /><br />I guess that falling crime is also a cost to the economy then. In difficult economic times, what we really need is more people sent to prison. The optimal situation would be half the population in prison and the other half guarding them, then the economy would really be booming.<br /><br />150 years after Bastiat explained the broken window fallacy, the message is still not getting through.Christopher Snowdonhttps://www.blogger.com/profile/15963753745009712865noreply@blogger.com