Economies Presentation
Transcript: Hanson and Venturelli 2001 Economics perspective An economic analysis of drug consumption - U.S centric - Imperfect data - Drugs are not a uniform commodity - Potency Drug Prohibition vs. Legalisation Becker, G. S., & Murphy, K. M. (1988). A theory of rational addiction. The Journal of Political Economy, , 675-700. Chaloupka, F. J. (1991). Rational Addictive Behavior and Cigarette Smoking, Chiu, H. (2004). The political economy of rule evasion and policy reform. The Economic Journal, 114(493), F155-F156. Cholewka, P. A., & Motlagh, M. M. (2008). Health capital and sustainable socioeconomic development CRC PressI Llc. Cook, P. J., & Tauchen, G. (1982). The effect of liquor taxes on heavy drinking. The Bell Journal of Economics, , 379-390. Hanson, G., & Venturelli, P. (2001). In Fleckenstein A. E., Fleckenstein A. E. (Eds.), Drugs and society. Sudbury, Massachusetts: Jones and Bartlett Publishers. Kopp, P. (2003). Political economy of illegal drugs Routledge. Musgrave, R. (1954). The theory of public finance. New York: McGraw. Nadelmann, E. A. (1990). Global prohibition regimes: The evolution of norms in international society. International Organization, 44(04), 479-526. Ostrowski, J. (1989). Moral and practical case for drug legalization, the. Hofstra L.Rev., 18, 607. Room, R. (2010). Cannabis policy : Moving beyond stalemate / robin room ... [et al.] ; convenor, amanda fielding Oxford England] ; New York : Oxford University Press, 2010; 1st ed. The Economist. (2013, February 23). Winding down the war on drugs; towards a ceasefire. The Economist, Warner, K. E. (1991). Legalizing drugs: Lessons from (and about) economics. The Milbank Quarterly, , 641-661. Wood, E., Werb, D., Marshall, B. D., Montaner, J. S., & Kerr, T. (2009). The war on drugs: A devastating public-policy disaster. The Lancet, 373(9668), 989-990. Behavioural Economics of Drug Consumption GLOBAL PROHIBITION REGIME Legalisation Law of supply and demand Prohibition Substitutability of drugs Weaknesses in the literature Imperfect information Becker and Murphy's theory of rational addiction Musgraves theory of merit goods Morality & philosophy perspective • Chaloupka (1991) • Cook and Tauchen (1982) •Room (2010) •Griffith, Bigelow and Henningfield (1980) References