Drug Prohibition: A Legal and Economic Analysis

12 Pages Posted: 21 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Date Written: July 20, 2011

Abstract

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.

Suggested Citation

Block, Walter E., Drug Prohibition: A Legal and Economic Analysis (July 20, 2011). Journal of Business Ethics, Vol. 12, No. 689-700, 1993. Available at SSRN: https://ssrn.com/abstract=1890812

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

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