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The Economics of Prohibition
Rating :
Author(s) :
Mark Thornton
Pages :
Pub Date :
Edition(s) at Erowid :
1991(pb,1st ed,vg)
Publisher :
University of Utah Press
Applying the "Austrian School" of Economics's paradigm to the prohibition of alcohol and drugs, Mark Thornton creates an economic theory regarding the consequences of prohibition. Going beyond the general free-market grounds some economists support, he looks at the economies of prohibition and presents a powerful case for the repeal of all prohibitions as a long-run solution. With this book Thornton fills a gap and provides a valuable addition to the field of economics and policy science.

"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."
-- Murray N. Rothbard

"...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."
-- Bruce L. Benson

Mark Thornton is an assistant professor in the department of economics at Auburn University.

Doug Bandow is a senior fellow at the Cato Institute and a former Special Assistant to President Reagan for Policy Development.