War on drugsPlan ColombiaWe model the war on drugs in source countries as a conflict over scarce inputs in successive levels of the production and trafficking chain, and study how policies aimed at different stages affect prices and quantities in upstream and downstream markets. We use the ...
This is the fundamental, stark reality of the War on Drugs. For 40 years, we’ve enforced drug prohibition with military tactics (especially since President Reagan started signing annual authorizations of the National Defense Authorization Act that allowed military tactics, forces, and equipment to ...
[1,2] discusses so-called 'me-too' drug de- velopment and comments on our paper,[3] recently published in this journal, which presented evidence on the entry rates and development histories of first-in-class and follow-on1drugs in therapeutic classes defined by mechanism of ...
Classical liberalism, criminal laws, the war on drugs, economics, free speech, technology, photography, sex work, cats, and whatever else comes to mind.
Decriminalizing drug use is an improvement, but it preserves the black market and seemingly all laws about selling drugs. The war on drugs is a stupid failure and there is no reason to continue it. Setting up a commission is a waste of time that will produce a giant report that no one...
ECONOMICS,Elasticity,Total Revenue and the Price Elasticity of Demand,Applications of Elasticity ECONOMICS Elasticity The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price.Demand is inelastic if it does not respond much to price changes, and elastic ...
As we saw with Prohibition and with the war on drugs, enforcing rules against a black market are prohibitively expensive. Prohibitively expensive. Not to mention making it a federal law requires federal enforcement…like we need another government agency getting involved with our medical choices. The...
End the War on Drugs by Joseph Sobran Drugs and Adultery by Llewellyn H. Rockwell Would Legalization Increase Drug Use? by Lawrence W. Reed Mickey Leland: Humanitarian? by Llewellyn H. Rockwell Choice in Schooling by Sheldon L. Richman ...
Tags:drugs·economics·radiology·smuggling·War on Drugs No Half Measures September 19th, 2012· 1 Comment The Ivorian government thinks it’s trying to do its cocoa farmers a solid by guaranteeing export prices, rather than leaving folks at the mercy of a capricious market. But the farmers...
While welfare economics is not useful for normative statements, it nonetheless provides a measure of the difficulties in implementing policy. 1 Welfare economics and a good society Plato argued that the ideal society should be ruled by “Philosopher Kings.” Utilitarian Jeremy Bentham, on the other...