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Book Review: Drug War Crimes

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Drug War Crimes: The Consequences of Prohibition by Jeffrey A. Miron (Oakland: The Independent Institute, 2004); 109 pages; $15.95. For the past several decades economists, perhaps more so than any other group of professionals, have been largely united in their criticism of American drug policy. On numerous occasions, prominent economists such as Milton Friedman, Gary S. Becker, and Walter Block have called publicly for the legalization of illicit drugs such as marijuana, cocaine, and heroin. Furthermore, opinion surveys have repeatedly found that most economists, if not in favor of outright legalization, do endorse a change in policy toward replacing criminal penalties for drug possession with civil fines. Most recently, a study published in the inaugural issue of Econ Journal Watch affirmed this consensus, noting, “Most economists the current policy to be somewhat ineffective, very ineffective, or harmful agree that the policy ...

Book Review: Drug War Crimes

by
Drug War Crimes: The Consequences of Prohibition by Jeffrey A. Miron (Oakland: The Independent Institute, 2004); 109 pages; $15.95. For the past several decades economists, perhaps more so than any other group of professionals, have been largely united in their criticism of American drug policy. On numerous occasions, prominent economists such as Milton Friedman, Gary S. Becker, and Walter Block have called publicly for the legalization of illicit drugs such as marijuana, cocaine, and heroin. Furthermore, opinion surveys have repeatedly found that most economists, if not in favor of outright legalization, do endorse a change in policy toward replacing criminal penalties for drug possession with civil fines. Most recently, a study published in the inaugural issue of Econ Journal Watch affirmed this consensus, noting, “Most economists the current policy to be somewhat ineffective, very ineffective, or harmful agree that the policy ...

The Keys to Economic Development:

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VIDEO: The Keys to Economic Development Dear FFF Supporters, I just returned from Porto Alegre, Brazil, where I delivered a speech entitled The Keys to Economic Development to a conference sponsored by the Institute of Entrepreneurial Studies, one of the most prestigious free-market organizations in Latin America and the world. The conference was IEE's annual "Liberty Forum" and was held in a huge auditorium at Catholic University. Attended by more than 3,000 attendees, it was covered by major Brazilian newspapers and was also carried live on the Internet by one of the local television stations. IEE is unusual in several respects: One, it is composed entirely of young men and women from all walks of life, primarily because as soon as a member reaches the age of 35, he must retire from the organization; the ...