"study of punishment for crime and crime prevention," 1838, coined apparently by Francis Lieber, corresponding member of the Philadephia Society for Alleviating the Miseries of Public Prisons, from pen- as in penitentiary (ultimately from Latin poena "penalty, punishment;" see penal) + -ology "study of." Related: Penologist; penological.
penny-ante
pennyfarthing
pennyroyal
pennyweight
pennyworth
penology
pen-pal
Pensacola
pension
pensioner
pensive