The Economic Case against Drug Prohibition

Jeffrey Miron () and Jeffrey Zwiebel

Journal of Economic Perspectives, 1995, vol. 9, issue 4, 175-192

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.

JEL-codes: K42 (search for similar items in EconPapers)
Date: 1995
Note: DOI: 10.1257/jep.9.4.175
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Citations: View citations in EconPapers (96)

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