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The Economic Case Against Drug Prohibition

The authors of this paper argue that drug prohibition incurs negative economic consequences

  1. perro-salchicha614
    Study Author(s):
    Jeffrey A. Miron and Jeffrey Zwiebel
    Journal Name:
    The Journal of Economic Perspectives
    Publication Date:
    Vol. 9, No. 4 (Autumn, 1995)
    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.