Drug prohibition: A legal and economic analysis
Author(s) -
Walter E. Block
Publication year - 1993
Publication title -
journal of business ethics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.209
H-Index - 187
eISSN - 1573-0697
pISSN - 0167-4544
DOI - 10.1007/bf00881383
Subject(s) - legalization , quality of life research , business ethics , heroin , criminology , law , social policy , black market , illicit drug , law and economics , political science , business , drug , public health , economics , sociology , psychiatry , medicine , nursing
This paper argues the case for the legalization of addictive drugs such as marijuana, cocaine, and heroin. It maintains that there are no “market failures’ which could justify a banning of these substances, and that, as in the earlier historical case of prohibition of alcohol, our present drug policy has increased crime, decreased respect for legitimate law, and created great social upheaval.
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom