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Journal of Economic Perspectives: Vol. 9 No. 4 (Fall 1995)
JEP Volume. 9, Issue 4 | 
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The Economic Case against Drug Prohibition
Article Citation
Miron, Jeffrey A., and
Jeffrey Zwiebel. 1995. "The Economic Case against Drug Prohibition."
Journal of Economic Perspectives,
9(4): 175-192.
DOI: 10.1257/jep.9.4.175
DOI: 10.1257/jep.9.4.175
Abstract
This paper discusses the costs and benefits of drug prohibition. It offers a detailed outline of the economic consequences of drug prohibition and a systematic analysis of the relevant empirical evidence. The bottom line is that a relatively free market in drugs is likely to be vastly superior to the current policy of prohibition.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Miron, Jeffrey A. (Boston U)
Zwiebel, Jeffrey (Stanford U)
Zwiebel, Jeffrey (Stanford U)
JEL Classifications
K42: Illegal Behavior and the Enforcement of Law
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