The Economics of Prohibition

The Economics of Prohibition

Author: Mark Thornton

Publisher: Ludwig von Mises Institute

Published: 2007

Total Pages: 163

ISBN-13: 1610160479

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Examines the failure of Prohibition; discusses how this analysis can be applied to the effects of illegal drugs on today's economy.


Intemperate Spirits

Intemperate Spirits

Author: Alice Louise Kassens

Publisher: Springer

Published: 2019-08-02

Total Pages: 165

ISBN-13: 3030253287

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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.


Drug War Crimes

Drug War Crimes

Author: Jeffrey A. Miron

Publisher: Independent Institute

Published: 2013-03-01

Total Pages: 92

ISBN-13: 1598131478

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A balanced and sophisticated analysis of the true costs, benefits, and consequences of enforcing drug prohibition is presented in this book. Miron argues that prohibition's effects on drug use have been modest and that prohibition has numerous side effects, most of them highly undesirable. In particular, prohibition is shown to directly increase violent crime, even in cases where it deters drug use. Miron's analysis leads to a disturbing finding—the more resources given to the fight against drugs, the greater the homicide rate. The costs and benefits of several alternatives to the war on drugs are examined. The conclusion is unequivocal and states that any of the most widely discussed alternatives is likely to be a substantial improvement over current policy.


Prohibition

Prohibition

Author: W. J. Rorabaugh

Publisher: Oxford University Press

Published: 2018

Total Pages: 145

ISBN-13: 0190689935

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Americans have always been a hard-drinking people, but from 1920 to 1933 the country went dry. After decades of pressure from rural Protestants such as the hatchet-wielding Carry A. Nation and organizations such as the Women's Christian Temperance Union and Anti-Saloon League, the states ratified the Eighteenth Amendment to the Constitution. Bolstered by the Volstead Act, this amendment made Prohibition law: alcohol could no longer be produced, imported, transported, or sold. This bizarre episode is often humorously recalled, frequently satirized, and usually condemned. The more interesting questions, however, are how and why Prohibition came about, how Prohibition worked (and failed to work), and how Prohibition gave way to strict governmental regulation of alcohol. This book answers these questions, presenting a brief and elegant overview of the Prohibition era and its legacy. During the 1920s alcohol prices rose, quality declined, and consumption dropped. The black market thrived, filling the pockets of mobsters and bootleggers. Since beer was too bulky to hide and largely disappeared, drinkers sipped cocktails made with moonshine or poor-grade imported liquor. The all-male saloon gave way to the speakeasy, where together men and women drank, smoked, and danced to jazz. After the onset of the Great Depression, support for Prohibition collapsed because of the rise in gangster violence and the need for revenue at local, state, and federal levels. As public opinion turned, Franklin Delano Roosevelt promised to repeal Prohibition in 1932. The legalization of beer came in April 1933, followed by the Twenty-first Amendment's repeal of the Eighteenth that December. State alcohol control boards soon adopted strong regulations, and their legacies continue to influence American drinking habits. Soon after, Bill Wilson and Dr. Bob Smith founded Alcoholics Anonymous (AA). The alcohol problem had shifted from being a moral issue during the nineteenth century to a social, cultural, and political one during the campaign for Prohibition, and finally, to a therapeutic one involving individuals. As drinking returned to pre-Prohibition levels, a Neo-Prohibition emerged, led by groups such as Mothers against Drunk Driving, and ultimately resulted in a higher legal drinking age and other legislative measures. With his unparalleled expertise regarding American drinking patterns, W. J. Rorabaugh provides an accessible synthesis of one of the most important topics in US history, a topic that remains relevant today amidst rising concerns over binge-drinking and alcohol culture on college campuses.


The Economics of Prohibition

The Economics of Prohibition

Author: James C. Fernald

Publisher:

Published: 2002-08

Total Pages: 532

ISBN-13: 9781410202062

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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."