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''[http://mises.org/books/prohibition.pdfThe Economics of Prohibition]'' was written by Mark Thornton and published by the University of Utah Press in 1991. The Economics of Prohibition, was praised by Murray Rothbard, who declared: "Thornton's book... arrives to fill an enormous gap, and it does so splendidly.... The drug prohibition question is... the hottest political topic today, and for the foreseeable future.... This is an excellent work making an important contribution to scholarship as well as to the public policy debate." Bruce Benson declared the book to be "a very insightful work that makes what I am sure will be recognized as significant contributions to the economics literature on crime, policy analysis, and illicit drugs."
'''''The Economics of Prohibition''''' was written by [[Mark Thornton]] and published by the University of Utah Press in 1991. ''The Economics of Prohibition'' was praised by [[Murray Rothbard]], who declared: "Thornton's book... arrives to fill an enormous gap, and it does so splendidly.... The drug prohibition question is... the hottest political topic today, and for the foreseeable future.... This is an excellent work making an important contribution to scholarship as well as to the public policy debate."  
 
 


Bruce Benson declared the book to be "a very insightful work that makes what I am sure will be recognized as significant contributions to the economics literature on crime, policy analysis, and illicit drugs."


==Contents==
==Contents==
*Foreword by Doug Bandow vii
*Acknowledgments ix
*Introduction 3
# ECONOMISTS AND PROHIBITION 9
#:The Origins of the "Economics" of Prohibition 11
#:In Defense of Prohibition 15
#:Prohibition's Blue Monday 23
#:The Economics of Heroin Prohibition 29
#:The Economics of Addiction 35
# THE ORIGINS OF PROHIBITION 39
#:The Prohibition of Alcohol 40
#:National Narcotics Prohibition 56
#:National Marijuana Prohibition 65
# A THEORY OF PROHIBITION 71
#:The Basic Analytics of Prohibition 73
#:The Political Economy of Prohibition 84
#THE POTENCY OF ILLEGAL DRUGS 89
#:The Economics of Potency 92
#:Prohibition as a Tax 93
#:The Impact of Prohibition on Potency 95
#:Potency in Prohibited Markets 99
#:Alcohol Prohibition 100
#:The Prohibition of Marijuana: A Simple Test 105
#:Beyond Cannabis 108
#THE CORRUPTING EFFECTS OF PROHIBITION 111
#:Crime 113
#:Corruption 126
#THE REPEAL OF PROHIBITION 139
#:Is Effective Prohibition Possible? 142
#:Alternative Policy Regimes 146
#:The Free-Market Solution 149
#:The Extended Free-Market Solution 151
*References 155
*Index 167


Foreword by Doug Bandow vii
===Figures===
 
#Prohibition's Impact on the Consumer and Producer 74
Acknowledgments ix
#The Traditional Approach for Determining the Optimal Level of Prohibition Enforcement 76
 
#The Process of Progressive Interventionism (and exit) 84
Introduction 3
#Effect of Improved Technology for High-Potency Drug Production 92
 
#Federal Budget for Enforcement of Drug Laws, 1973-1984 106
1. ECONOMISTS AND PROHIBITION 9
#Average Potency of Marijuana, 1973-1984 108
 
#The Impact of Prohibition on the Consumption of Heroin 118
The Origins of the "Economics" of Prohibition 11
#Prohibition's Impact on the Heroin Addict's Budget Constraint 118
 
#Prohibition's Impact on (addict-related) Criminal Activity 119
In Defense of Prohibition 15
#Federal Convictions of Public Officials, 1970-1988 128
 
Prohibition's Blue Monday 23
 
The Economics of Heroin Prohibition 29
 
The Economics of Addiction 35
 
'''2. THE ORIGINS OF PROHIBITION 39'''
 
The Prohibition of Alcohol 40
 
National Narcotics Prohibition 56
 
National Marijuana Prohibition 65
 
'''3. A THEORY OF PROHIBITION 71'''
 
The Basic Analytics of Prohibition 73
 
The Political Economy of Prohibition 84
 
'''4. THE POTENCY OF ILLEGAL DRUGS 89'''
 
The Economics of Potency 92
 
Prohibition as a Tax 93
 
The Impact of Prohibition on Potency 95
 
Potency in Prohibited Markets 99
 
Alcohol Prohibition 100
 
The Prohibition of Marijuana: A Simple Test 105
 
Beyond Cannabis 108
 
VI
 
'''5. THE CORRUPTING EFFECTS OF PROHIBITION 111'''
 
Crime 113
 
Corruption 126
 
'''6. THE REPEAL OF PROHIBITION 139
'''
Is Effective Prohibition Possible? 142
 
Alternative Policy Regimes 146
 
The Free-Market Solution 149
 
The Extended Free-Market Solution 151
 
'''References 155'''
 
Index 167
 
'''FIGURES'''
 
1. Prohibition's Impact on the Consumer and Producer 74
 
2. The Traditional Approach for Determining the Optimal Level of
Prohibition Enforcement 76
 
3. The Process of Progressive Interventionism (and exit) 84
 
4. Effect of Improved Technology for High-Potency Drug
Production 92
 
5. Federal Budget for Enforcement of Drug Laws,
1973-1984 106
 
6. Average Potency of Marijuana, 1973-1984 108
 
7. The Impact of Prohibition on the Consumption of
Heroin 118
 
8. Prohibition's Impact on the Heroin Addict's Budget
Constraint 118
 
9. Prohibition's Impact on (addict-related) Criminal Activity 119
 
10. Federal Convictions of Public Officials, 1970-1988 128
 
'''TABLES'''
 
1. Absenteeism Rates in a Delaware Gunpowder Plant 26
 
2. Average Annual Percentage-Point Decline in Absenteeism in a
Delaware Gunpowder Plant 29
 
3. Shipping the Good Apples to New York 94
 
4. Federal Expenditures upon the Enforcement of
Prohibition 100


5. Fisher's "Alcohol Price Index," 1916-1928 102
===Tables===
#Absenteeism Rates in a Delaware Gunpowder Plant 26
#Average Annual Percentage-Point Decline in Absenteeism in a Delaware Gunpowder Plant 29
#Shipping the Good Apples to New York 94
#Federal Expenditures upon the Enforcement of Prohibition 100
#Fisher's "Alcohol Price Index," 1916-1928 102
#The Effect of Prohibition on Alcohol Expenditures 103
#Per Capita Consumption of Alcoholic Beverages in Gallons,1840-1919 104


6. The Effect of Prohibition on Alcohol Expenditures 103
==External links==
*[http://mises.org/books/prohibition.pdf Full text PDF of ''The Economics of Prohibition'']


7. Per Capita Consumption of Alcoholic Beverages in
{{DEFAULTSORT:Economics of Prohibition, The}}
Gallons,1840-1919 104
[[Category:Literature]]

Revision as of 17:53, 17 November 2010

The Economics of Prohibition was written by Mark Thornton and published by the University of Utah Press in 1991. The Economics of Prohibition was praised by Murray Rothbard, who declared: "Thornton's book... arrives to fill an enormous gap, and it does so splendidly.... The drug prohibition question is... the hottest political topic today, and for the foreseeable future.... This is an excellent work making an important contribution to scholarship as well as to the public policy debate."

Bruce Benson declared the book to be "a very insightful work that makes what I am sure will be recognized as significant contributions to the economics literature on crime, policy analysis, and illicit drugs."

Contents

  • Foreword by Doug Bandow vii
  • Acknowledgments ix
  • Introduction 3
  1. ECONOMISTS AND PROHIBITION 9
    The Origins of the "Economics" of Prohibition 11
    In Defense of Prohibition 15
    Prohibition's Blue Monday 23
    The Economics of Heroin Prohibition 29
    The Economics of Addiction 35
  2. THE ORIGINS OF PROHIBITION 39
    The Prohibition of Alcohol 40
    National Narcotics Prohibition 56
    National Marijuana Prohibition 65
  3. A THEORY OF PROHIBITION 71
    The Basic Analytics of Prohibition 73
    The Political Economy of Prohibition 84
  4. THE POTENCY OF ILLEGAL DRUGS 89
    The Economics of Potency 92
    Prohibition as a Tax 93
    The Impact of Prohibition on Potency 95
    Potency in Prohibited Markets 99
    Alcohol Prohibition 100
    The Prohibition of Marijuana: A Simple Test 105
    Beyond Cannabis 108
  5. THE CORRUPTING EFFECTS OF PROHIBITION 111
    Crime 113
    Corruption 126
  6. THE REPEAL OF PROHIBITION 139
    Is Effective Prohibition Possible? 142
    Alternative Policy Regimes 146
    The Free-Market Solution 149
    The Extended Free-Market Solution 151
  • References 155
  • Index 167

Figures

  1. Prohibition's Impact on the Consumer and Producer 74
  2. The Traditional Approach for Determining the Optimal Level of Prohibition Enforcement 76
  3. The Process of Progressive Interventionism (and exit) 84
  4. Effect of Improved Technology for High-Potency Drug Production 92
  5. Federal Budget for Enforcement of Drug Laws, 1973-1984 106
  6. Average Potency of Marijuana, 1973-1984 108
  7. The Impact of Prohibition on the Consumption of Heroin 118
  8. Prohibition's Impact on the Heroin Addict's Budget Constraint 118
  9. Prohibition's Impact on (addict-related) Criminal Activity 119
  10. Federal Convictions of Public Officials, 1970-1988 128

Tables

  1. Absenteeism Rates in a Delaware Gunpowder Plant 26
  2. Average Annual Percentage-Point Decline in Absenteeism in a Delaware Gunpowder Plant 29
  3. Shipping the Good Apples to New York 94
  4. Federal Expenditures upon the Enforcement of Prohibition 100
  5. Fisher's "Alcohol Price Index," 1916-1928 102
  6. The Effect of Prohibition on Alcohol Expenditures 103
  7. Per Capita Consumption of Alcoholic Beverages in Gallons,1840-1919 104

External links

Retrieved from "https://wiki.freecapitalists.org/index.php?title=The_Economics_of_Prohibition&oldid=9615"