FinCrimeTV The Shoulders of Giants John Walker

Every so often, someone makes an announcement as to the amount of money laundered globally each year. But the estimates are deeply flawed and, in any case, the amount of money laundered isn’t actually of significant relevance.

There is a much more valid and much more relevant measure. It's called "The Walker Gravity Model".John Walker is now Associate Professor, Australian Graduate School of Policing and Security Faculty of Business, at Charles Sturt University. After getting an economics degree from LSE in 1970, his early working life involved applying systems analytic techniques to space research, transportation economics, and urban and regional planning. However, some years after using suburban crime statistics as measures of social dysfunction in an urban planning study, he was encouraged to apply for a vacancy at the Australian Institute of Criminology.

So, for the last 25 years, he's masqueraded (his words) as a criminologist, analysing and development models for state, national and international public policy in Crime Prevention and Control. In recent years he has become interested in the macro-economics of crime - particularly in modelling trans-national crime and money laundering.

He has been described as a researcher who can "blend dodgy data and heroic assumptions and turn them into something surprisingly useful", and a former European Economist of the Year has referred to him as a pioneer for his work linking criminology and the economics of trade.