The Economic Case against Drug Prohibition
- (pp. 175-192)
AbstractThis 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.
Citation1995. "The Economic Case against Drug Prohibition." Journal of Economic Perspectives, 9(4): 175-192. DOI: 10.1257/jep.9.4.175
- K42 Illegal Behavior and the Enforcement of Law