Markets and Sin: Murder, Megacasinos, and Drug Wars

Daniel Friedman and Daniel McNeill

Chapter 8 in Morals and Markets, 2013, pp 157-176 from Palgrave Macmillan

Abstract: Abstract Victorian philosophers confidently predicted that crime and vice would fade away as the human species evolved. That hasn’t quite happened. For example, the State of California used to spend twice as much on universities as jails, but now the two are almost equal—though students enrich the economy and prisoners sap it. The War on Drugs cost US taxpayers about $15 billion in 2010, down from S40 billion in the Bush era, and it has been about as effective as Caligula’s war against the sea.

Keywords: Business Model; Crime Prevention; Illegal Drug; Homicide Rate; Moral Code (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33152-6_9

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DOI: 10.1057/9781137331526_9

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