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  3. Journal of Economic Perspectives
  4. Fall 1995
  5. The Economic Case against Drug Prohibition

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

The Economic Case against Drug Prohibition

  • Jeffrey A. Miron
  • Jeffrey Zwiebel
Journal of Economic Perspectives
vol. 9, no. 4, Fall 1995
(pp. 175–192)
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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.

Citation

Miron, Jeffrey A., and Jeffrey Zwiebel. 1995. "The Economic Case against Drug Prohibition." Journal of Economic Perspectives, 9 (4): 175–192. DOI: 10.1257/jep.9.4.175

JEL Classification

  • K42 Illegal Behavior and the Enforcement of Law
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