Deterrence

The subprime mortgage industry collapse has led to a record number of foreclosures. In this environment, the interest mortgage fraud has risen, along with questions of how fraud contributed to the crisis. Henry Pontell and Sally Simpson discuss what they have learned about investigating and prosecuting white-collar criminals, the role of corporate ethics in America, and what policymakers and lawyers can learn from evidence of fraud.

Deterrence theory dominates the American understanding of how to regulate criminal behavior but social psychologists' research shows that people comply for reasons that have nothing to do with fear of punishment; they have to do with values, fair procedures and how people connect with one another. Professor Meares discussed the relevance of social psychologists' emerging theory to legal theory and practice and how deterrence and emerging social psychology theories intertwine.