Thievery

Thieves are a great problem now a days. people who steal things from others and sell them for all intents and purposes, at marginal cost. but is it all that bad for society. it has its good sides as well as its bad ones. they take items that rightfully belong to others, and sell them off for money. then the old owners either have to live without it, or purchase a new one. this forces the consumer to replace old things that could have been outdated and outlived its useful lives. but it also creates a excess outflow of money. people lose money when items are stolen from them. this is no different than when they go out and buy a replacement without the original being stolen. but it does create some lost utility, but you cant really measure lost utility. so you can say that the original owners lose some money or utility, but you cant really measure it. so all in all, there is no lost value in the stolen product. this also poses a another problem, though. if an item was stolen, you have lost something of value. so all you really lose is sentimental value. you don't really lose any monetary value, as long as you have insurance on your belongings.