University of London - King's College London
March 4, 2008
Institute of Economic Affairs Monographs, Hobart Paperback, No. 35, 2008
The 'nanny state' has expanded in recent years. Politicians and bureaucrats have increasingly sought to restrict what individuals are permitted to do with their own bodies on their own property. Prohibitions is a corrective to the prevailing support for such authoritarianism. This collection examines the outlawing of the manufacture, distribution, sale or provision of particular goods and services by consenting adults. It begins with an overview of the economics of prohibition and subsequently analyses particular prohibition issues including gambling, prostitution, recreational drugs and trade in body parts. The authors find that in most cases prohibition imposes significant costs on individuals and society as a whole and produces few benefits in return. Prohibition places markets into the hands of criminal enterprises and criminalises people who would not otherwise come into conflict with the law. It makes risky behaviour even more risky, increases public ignorance and often encourages the behaviour it seeks to prevent. Given the substantial costs and minimal benefits, it is clear that prohibition is bad public policy.
Number of Pages in PDF File: 140
Keywords: prohibition, drugs, boxing, firearms, advertising, pornography, pharmaceutical advertising, prostitution, gambling, transplant organs, alcohol
JEL Classification: D18, D45, H11, I18, K14, K42, K40, M37Accepted Paper Series
Date posted: August 6, 2008
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo3 in 0.360 seconds