The Trajectory of Penal Markets in a Period of Austerity: The Case of England and Wales

Corcoran, Mary S.

Abstract

This paper reviews the economic turn in criminology to contextualise
the prominence of market rationalities in penal privatisation and outsourcing in England and Wales. It illuminates how fiscal crisis and austerity have provided opportunities for transferring state penal assets and powers to private interests on an unprecedented scale. A series of scandals relating to fraud and mismanagement by private companies have revealed regulatory gaps and wilful oversight on the part of legislators. These factors virtually guarantee that state regulators will continue to be disadvantaged in asserting the public interest.

Citation

Corcoran, M. S. (2014). The Trajectory of Penal Markets in a Period of Austerity: The Case of England and Wales. In Punishment and Incarceration: A Global Perspective: Volume 19 (53-74). Emerald. https://doi.org/10.1108/s1521-613620140000019002

• Online Publication Date: Oct 14, 2014
• Publication Date: Oct 10, 2014
• Deposit Date: Jun 7, 2023
• Publisher: Emerald
• Pages: 53-74
• Book Title: Punishment and Incarceration: A Global Perspective: Volume 19
• Chapter Number: 3
• ISBN: 978-1-78350-910-2
• DOI: https://doi.org/10.1108/s1521-613620140000019002
• Additional Information: Book link;; https://www.emerald.com/insight/publication/doi/10.1108/S1521-6136201419