Drug prohibition: A legal and economic analysis

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 polic...

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Bibliographic Details
Published in:Journal of business ethics
Main Author: Block, Walter (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1993
In: Journal of business ethics
Further subjects:B Economic Analysis
B Alcohol
B Cocaine
B Heroin
B Economic Growth
Online Access: Volltext (JSTOR)
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Description
Summary: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.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00881383