The Economic Case Against Drug Prohibition
Open Access
- 1 November 1995
- journal article
- Published by American Economic Association in Journal of Economic Perspectives
- Vol. 9 (4) , 175-192
- https://doi.org/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.Keywords
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