Author: Jeffrey A. Miron
A balanced and sophisticated analysis of the true costs, benefits, and
consequences of enforcing drug prohibition is presented in this book. Miron argues that prohibition's effects on drug use have been modest and that prohibition has numerous side effects, most of them highly undesirable. In particular, prohibition is shown to directly increase violent crime, even in cases where it deters drug use. Miron's analysis leads to a disturbing finding-the more resources given to the fight against drugs, the greater the homicide rate. The costs and benefits of several alternatives to the war on drugs are examined. The conclusion is unequivocal and states that any of the
most widely discussed…
The interesting thing about economics is the lack of emphasis on
intention. Economists don't care what the intent of the policy is, only the outcome. The result of this all-consuming focus is that…
