The Economics of ProhibitionThe Economics of Prohibition



Also investigated in this book are the effects of prohibition policies on crime rates and government corruption rates.

Author: Mark Thornton

Publisher: Ludwig von Mises Institute

ISBN: 1610160479

Category:

Page: 184

View: 877

It is conventional wisdom that alcohol prohibition failed, but the economic reasons for this failure have never been as extensively detailed or analyzed as they are in this study by Mark Thornton. The lessons he draws apply not only to the period of alcohol prohibition but also to drug prohibition and any other government attempt to control consumption habits. The same pattern is repeated again and again. Thorntons treatment of the topic is methodical. He first examines the history of prohibition laws, primarily focusing on American implementation of prohibitionist policies. He examines the prime movers in the alcohol, narcotics, and marijuana prohibition movements. He then examines the theoretical premises upon which prohibition advocates depend, and thoroughly exposes them as fallacious. After examining the history and theory of prohibition, Thornton reveals the effects of such policies on the potency of illegal drugs. He explains how prohibition inevitably creates incentives for producers to increase the potency of drugs and alcohol products distributed via the black market. Also investigated in this book are the effects of prohibition policies on crime rates and government corruption rates. Finally, Thornton discusses the repeal of prohibition, offering both public policy alternatives and truly free market solutions. According to Murray N. Rothbard, "Thorntons 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."

The Economics of ProhibitionThe Economics of Prohibition



The Economics of Prohibition was originally published in 1890.

Author: James C. Fernald

Publisher:

ISBN: 1410202062

Category:

Page: 532

View: 136

The Economics of Prohibition was originally published in 1890. In the preface, the author says: "The relation of the liquor traffic to Economics is one which the masters of the science have scarcely begun to touch. The case is much like that of a generation ago. When slavery was rocking the continent and soon to deluge it in blood, Political Economy was too busy to discuss a theme like that. But when, in 1858, Eli Thayer declared, 'Why, sir, we can buy a negro-power in a steam-engine for $10, and feed and clothe that power one year for $5. Are we the men to pay $1,000 for a negro slave, and $150 a year to feed and clothe him?' then the problem was nearing its solution. It is worthy of remark that the recent emancipation of slaves in Brazil has been made wholly on economic grounds. So, we believe, it will be with Prohibition. When all men come to see that there is no money in the liquor traffic, except for the trafficker, and for him only by loss to every one else, a final end will be put to this system of organized robbery."

The Economics of ProhibitionThe Economics of Prohibition



About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work.

Author: James Champlin Fernald

Publisher: Forgotten Books

ISBN: 1330342461

Category:

Page: 533

View: 751

Excerpt from The Economics of Prohibition It is also easier to remember. Hence, for the purposes of a popular treatise it is really more accurate, as it is certainly pleasanter reading. The author gratefully acknowledges his obligations to Dr. Hargreaves, the pioneer in this line of study, whose "Wasted Resources" and "Worse than Wasted" have been frequently quoted. Much material has been taken from The Voice, not because of any political bias, but because oil many points no such complete and painstaking collection of facts was to be found elsewhere. The book is sent out with the earnest hope that it may be found useful in building up a single department of the Economics of the Future, which shall seek through the laws of earthly relationships to bring all humanity nearer in happiness and virtue to the one God, Maker of heaven and earth. May it also help toward the speedy removal of the chief fronting evil of our civilization, before the hearts that are aching shall break, and the feet that are tempted shall fall; till the saloon's dread shadow shall nevermore darken the love-light of home, nor dim the brightness of childhood's morning! About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The Economics of ProhibitionThe Economics of Prohibition



This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.

Author: Fernald James Champlin

Publisher: Wentworth Press

ISBN: 0526407174

Category:

Page: 528

View: 882

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

The Economics of ProhibitionThe Economics of Prohibition



Hansebooks newly publishes these books and contributes to the preservation of literature which has become rare and historical knowledge for the future.

Author: James Champlin Fernald

Publisher:

ISBN: 3742897632

Category:

Page: 532

View: 132

The economics of prohibition is an unchanged, high-quality reprint of the original edition of 1890. Hansebooks is editor of the literature on different topic areas such as research and science, travel and expeditions, cooking and nutrition, medicine, and other genres.As a publisher we focus on the preservation of historical literature.Many works of historical writers and scientists are available today as antiques only. Hansebooks newly publishes these books and contributes to the preservation of literature which has become rare and historical knowledge for the future.

The Economics of Prohibition Scholar s Choice EditionThe Economics of Prohibition Scholar s Choice Edition



This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.

Author: Fernald James Champlin

Publisher: Scholar's Choice

ISBN: 1296321118

Category:

Page: 530

View: 990

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Economics UncutEconomics Uncut



. This work will be valuable reading for general readers and undergraduate students. Graduate students in social sciences other than economics will find accessible economic explanations of many issues in their fields. Highly recommended.

Author: Simon W. Bowmaker

Publisher: Edward Elgar Publishing

ISBN: 9781845427986

Category:

Page: 488

View: 918

Economics Uncut: A Complete Guide to Life, Death and Misadventure, edited by Simon Bowmaker, contains several delightful chapters on topics central to economics and the family. Although the book s implicit thesis is to dazzle with the catholicity of economics, the chapters on marriage and divorce, reproduction, suicide, and abortion are lively introductions to these family topics, and other chapters make delightful reading on their own. Darius Conger, Economics and the American Family: A Review of Recent Literature , Choice This volume collects a wide array of economic explanations of social issues that are often thought to be beyond the realm of economic explanation. . . . This work will be valuable reading for general readers and undergraduate students. Graduate students in social sciences other than economics will find accessible economic explanations of many issues in their fields. Highly recommended. R.B. Emmett, Choice Expertly compiled and deftly edited by Simon W. Bowmaker Economics Uncut: A Complete Guide to Life, Death and Misadventure features informed and informative essays and seminal articles by eighteen accomplished economists on a variety of economic issues. . . A superbly organized and presented compendium of seminal studies and commentaries adhering to high academic standards of methodology and reporting, Economics Uncut is an important and strongly recommended addition to academic library Economic Studies reference collection, as well as being quite accessible to the non-specialist general reader with an interest in the economic implications and impacts with respect to the social issues of the present day. Library Bookwatch/Internet Bookwatch The book s variety of subject matter, combined with its innovative yet academic approach, makes it both entertaining as well as thought-provoking. Emma Winberg, Economic Affairs Economics Uncut presents itself as a complete guide to Life, Death and Misadventure . Whatever the specific chapter topic, from pornography to crime, from suicide to assisted reproduction, cost benefit analyses abound, demand and supply relations are discussed in an attempt to rationalize consumer preferences, choice and price levels and, thus, complex relationships are neatly reduced to mathematical equations, with tables and graphs being plentiful. Werner Bonefeld, Journal of Contemporary European Studies If you thought you could hide your secrets from the prying eyes of economists, think again. From sex to drugs to gambling to crime, this book will show you how the tools of economics can be used to understand just about any human behavior. This book will assuredly be the unofficial economist s guide to vice for the foreseeable future. Steven Levitt, University of Chicago and author of Freakonomics In this insightful and entertaining book, Simon Bowmaker introduces readers to the fascinating side of modern economics that applies economic analysis to a wide range of social issues from illegal drugs to religion and everything in between. In this form, economics is anything but the dismal science. This is a fun and enlightening book that shows readers what many economists often forget that economics is a powerful tool for understanding the world around them. Kevin M. Murphy, University of Chicago, US Economics is generally associated with the financial pages of newspapers apart from front page discussion of major topics such as inflation, budget deficits, or unemployment. However, the topics discussed in many of the other pages of a typical newspaper, such as crime, divorce, or sport, are also appropriate for economic analysis. Economics is concerned with decisions and many important topics in today s society involve taking drugs or committing a crime or getting a divorce, for example, and so can be examined from an economic point of view. Many of these areas can be considered from different directions: legal, medical, political, religious, sociological, or psychological, for

The Effect of Alcohol Prohibition on Alcohol ConsumptionThe Effect of Alcohol Prohibition on Alcohol Consumption



I estimate this effect under a range of assumptions about the nature of preferences, taking into account other possible determinants of alcohol consumption and the proxy series.

Author: Jeffrey A. Miron

Publisher:

ISBN: UOM:39015043229379

Category:

Page: 37

View: 143

This paper examines the impact of Prohibition on alcohol consumption. Since data on both the price and quantity of alcohol are unavailable during the Prohibition period, it is not possible to estimate Prohibition's impact on either the supply or demand for alcohol. Assuming the existence of a reasonable proxy for alcohol consumption, however, it is possible to estimate the net impact of Prohibition on the equilibrium quantity of alcohol consumed. I estimate this effect under a range of assumptions about the nature of preferences, taking into account other possible determinants of alcohol consumption and the proxy series. The overall conclusion of the paper is that Prohibition exerted a modest and possibly even a positive effect on alcohol consumption. One possible interpretation of the results is that the demand for alcohol is relatively inelastic, although many earlier studies find substantial elasticity in the demand for alcohol. Another possible interpretation is that Prohibition created a forbidden fruit effect that increased preferences for alcohol, tending to offset the depressing effects of increased prices on demand. Still a third possibility is that Prohibition failed to raise alcohol prices substantially, perhaps because black markets suppliers face low marginal costs of evading government regulations and taxes. Existing data provide some support for this last possibility.

ContestsContests



This is the seventh volume in a series discussing advances in applied microeconomics.

Author: Michael R. Baye

Publisher: Jai Press

ISBN: 0762303026

Category:

Page: 201

View: 785

This is the seventh volume in a series discussing advances in applied microeconomics. Topics discussed include: contests with discontinuous success functions; grace periods in patent law; behaviour in incomplete information contests; and the economics of prohibition-related crime.

Wine EconomicsWine Economics



In this book, Stefano Castriota takes a comprehensive and interdisciplinary approach to the study of wine economics, drawing on literature from industrial organization, welfare economics, economic policy, political economy, management, ...

Author: Stefano Castriota

Publisher: MIT Press

ISBN: 9780262044677

Category:

Page: 320

View: 802

A comprehensive and interdisciplinary approach to the economics of the production, distribution, and consumption of wine. Wine economics is a growing subfield that examines the economics of the production, distribution, and consumption of wine. In this book, Stefano Castriota takes a comprehensive and interdisciplinary approach to the study of wine economics, drawing on literature from industrial organization, welfare economics, economic policy, political economy, management, finance, health economics, law, and criminology. Castriota explores how wine markets operate and how they are regulated, covering such diverse topics as the health economics of wine consumption (both the positive health effects associated with moderate wine intake and the negative effects of alcohol abuse), the competition and profitability of wineries, the function of wine as an investment, and the quality of wine. He examines differences between the wine industries in the Old World and the New World, comparing small, family-owned wineries with larger conglomerates, and analyzes the regulation of wine in the United States versus the European Union. He concludes with a series of recommendations to ensure open and efficient wine markets while protecting public health. Originally published in Italy as Economia del Vino, this English translation has been extensively revised. It includes additional material focusing on the English-speaking countries of the New World, particularly the regulatory environment of the United States and the lingering effects of Prohibition.

The Economics of Public IssuesThe Economics of Public Issues



A revised and updated text that is self-contained and accessible to a wide range of students, some of whom may never have taken an economics course.

Author: Roger LeRoy Miller

Publisher: HarperCollins College

ISBN: STANFORD:36105008586419

Category:

Page: 255

View: 314

A revised and updated text that is self-contained and accessible to a wide range of students, some of whom may never have taken an economics course. It presents a variety of modern issues to which economic analysis can be applied, organized into seven parts: the foundations of economic analysis; supply and demand; market structures; social issues; externalities and the environment; political economy; and the international scene. Annotation copyright by Book News, Inc., Portland, OR

Intemperate SpiritsIntemperate Spirits



Due to its structure, the book can be read in parts or as a whole and is suitable for short classroom reading assignments or individual pleasure reading.

Author: Alice Louise Kassens

Publisher: Springer

ISBN: 9783030253288

Category:

Page: 165

View: 917

Using the basic economic principle of making decisions using a cost-benefit framework—and how changes in one or the other can result in a different decision—this book uncovers how various groups responded to incentives provided by the Prohibition legislation. Using this calculus, it is clear that even criminals are rational characters, responding to incentives and opportunities provided by the 18th Amendment and the Volstead Act. The book begins with a broad look at the adaptations of the law’s targets: the wine, beer, and liquor industries. It then turns to specific people (Violators, Line Tip-Toers, Enablers, and Hypocrites), sharing their stories of economic adaptation to bring economic lessons to life. Due to its structure, the book can be read in parts or as a whole and is suitable for short classroom reading assignments or individual pleasure reading.

ContestsContests



This is the seventh volume in a series discussing advances in applied microeconomics.

Author: Michael R. Baye

Publisher: Jai Press

ISBN: 0762303026

Category:

Page: 201

View: 266

This is the seventh volume in a series discussing advances in applied microeconomics. Topics discussed include: contests with discontinuous success functions; grace periods in patent law; behaviour in incomplete information contests; and the economics of prohibition-related crime.

Regulating ViceRegulating Vice



Regulating Vice provides a new, interdisciplinary lens for examining vice policy, and focuses that lens on traditional vices such as alcohol, nicotine, drugs, gambling, and commercial sex.

Author: Jim Leitzel

Publisher: Cambridge University Press

ISBN: 9781139467087

Category:

Page:

View: 506

Regulating Vice provides a new, interdisciplinary lens for examining vice policy, and focuses that lens on traditional vices such as alcohol, nicotine, drugs, gambling, and commercial sex. Regulating Vice argues that public policies toward addictive activities should work well across a broad array of circumstances, including situations in which all participants are fully informed and completely rational, and other situations in which vice-related choices are marked by self-control lapses or irrationality. This precept rules out prohibitions of most private adult vice, and also rules out unfettered access to substances such as alcohol, tobacco, and cocaine. Sin taxes, advertising restrictions, buyer and seller licensing, and treatment subsidies are all potentially legitimate components of balanced vice policies. Regulating Vice brings a sophisticated and rigorous analysis to vice control issues, an analysis that applies to prostitution as well as drugs, to tobacco as well as gambling, while remaining accessible to a broad social science audience.