The current worldwide financial problems have their roots in U.S. home mortgage lending practices. The global meltdown of 2008 was influenced by flawed financial policies, misrepresentations, irresponsibility, and not an inconsiderable amount of concerted ignorance [1, 2]. To what extent were demonstrable crimes involved? Who were the offenders? Clearly vast numbers of people were harmed by financial sector actions, on a worldwide basis although not uniformly. The nature of these problems goes beyond the boundaries of criminology reaching zemiology, or the study of social harms. The study of such social harms can be exemplified in many ways: for example, by looking at housing finance as harm, either through predatory lending [3, 4] or through mortgage redlining  which is a form of place-based discrimination from housing finance . But many other forms of social harm can be identified in this realm.
Beyond the financial crisis scenario, tax fraud and other financial crimes cause...
KeywordsWhite Collar Crime Corporate Crime Social Harm Housing Finance Mortgage Lending
On behalf of my co-editor and myself, I would like to thank all the authors who contributed to this special issue. Most of them presented their articles at the Stockholm workshop. Thanks are also extended to the workshop audience who asked important questions and made insightful comments. Many thanks also go to all the referees for this Special Issue. They are: Bengt Larsson, Elisabeth Bradshaw, Wim Huisman, Steve Tombs, Susan Will, Nicholas Ryder, Victoria Collins, Thomas MacManus, Steven Bittle, Laureen Snider, Robert Moore, Jay Kennedy, Giancarlo Spagnolo, Robert Bowles, Lindsey Carson, Kevin Mckenna and Jesus Hernandez. On a fiscal note, I would like to thank the Centre of Banking and Finance – CEFIN, School of Architecture and the Built Environment, Royal Institute of Technology (KTH) for supporting the workshop in Stockholm last autumn, and especially Professor Mats Wilhelmsson for sponsoring and opening the event. Thanks are also extended to Professor Nikos Passas, the editor of Crime, Law and Social Change: An International Journal, for accepting the proposal for a special issue on Finance, harm and white collar crime. Finally, I would like to express my gratitude to Professor David Friedrichs for introducing me to the subject of financial crime; first by offering a course in the subject at Stockholm University in 2013 and secondly by guiding me during the editorial work for this Special Issue.
- 2.Pontell, H., & Black, W. (2012). White-collar criminology and the occupy wall street movement. Theoretical Criminology, 37, 1–4.Google Scholar
- 3.Aalbers, M. B. (2008). The financialization of home and the mortgage market crisis. Competition and Change, 12(2), 148–166.Google Scholar
- 5.Squires, G. D. (1992). From redlining to reinvestment: Community response to urban disinvestment. Philadelphia: Temple University Press.Google Scholar
- 6.Aalbers, M. B. (2016). Housing finance as harm. Crime, Law & Social Change. In this issue.Google Scholar
- 7.Alaletho, T., Larsson, P., & Korsell, L. (2014). Ekonomisk brottslighet: En nordisk reader. Stockholm: Studentlitteratur.Google Scholar
- 8.Varela, J. C. (2016 April 11, 2016). Don’t Blame Panama. Tax Evasion Is a Global Problem. The New York Times. http://www.nytimes.com/2016/04/11/opinion/dont-blame-panama-tax-evasion-is-a-global-problem.html?smid=tw-share&_r=0, Accessed 13 April 2016.
- 10.Barak, G. (2012). Theft of a nation: Wall Street looting and federal regulatory colluding. Lanham, MD: Rowman & Littlefield.Google Scholar
- 12.Evertsson, N. (2013). Legal bribes? An analysis of corporate donations to electoral campaigns. (Doctoral dissertation in Criminology). Stockholm: Stockholm University.Google Scholar
- 13.Tombs, S., & Whyte, D. (2015). The corporate criminal. London: Routledge.Google Scholar
- 15.Rose-Ackerman, S. (1978). Corruption: A Study in political economy. New York: Academic Press.Google Scholar