Loadsa Serious Money
Ian Taylor
- Regulating the City: Competition, Scandal and Reform by Michael Clarke
Open University, 288 pp, £25.00, May 1986, ISBN 0 335 15381 X - Regulating fraud: White-Collar Crime and the Criminal Process by Michael Levi
Tavistock, 416 pp, £35.00, August 1987, ISBN 0 422 61160 3
By no means the least significant consequence of the Conservatives’ adoption of an ‘authoritarian populist’ platform on law and order during the Election of 1979 was the pressure this put on the British Left to develop its own practical and ‘realistic’ policies with regard to the containment of crime. The only really interesting new development within British criminology during the Eighties (other than the resurrection of the idea of the ‘reasoning criminal’) has been the emergence of ‘left realist criminology’, with its insistence on the seriousness of street crime.
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[1] The attention of the British and international press was first alerted to the question of insider trading in the new free-market conditions by the prosecution in the United States of Dennis Levine (June 1986), who was said to have amassed a profit of $12.6 million on an insider-trade. This was followed by the news that a dealer in Wall Street securities, Ivan Boesky, had just agreed to repay $50 million to the US Securities and Exchange Commission, to ensure that he would not be liable for damages in a suit the SRC was bringing against him.
[2] See Michael Clarke’s Fallen Idols: Elites and the Search for an Acceptable Face of Capitalism (Junction Books, 1981) and Corruption (Frances Pinter, 1983); and Michael Levi’ The Phantom Capitalists: The Organisation and Control of Long-Term Fraud (Aldershot: Gower Press, 1981).
[3] See Pete Davies’s The Last Election (1987) and Dick Morland’s Albion! Albion! (1974).
