Legalization of Drugs: Why Not?

Burcl 03/07/2012 ECON 3400 Kellogg The Legalization of Drugs, why non? This paper argues in upgrade of the legalization of addictive substances such as marijuana, heroin, and cocaine. Initially, I was upset of argue in favor of this idea, doses cause so very whatever(prenominal) damage within society specifically to its young, naïve and fresher members. Drugs kill futures and limit societys ability to grapple and maintain a competitive and comparative advantage. However, the current judicial system does not work. If one looks at the statistics, the information is clear, great amounts of resources atomic number 18 constantly spent in an effort to enforce barrier, medicate related crimes argon continuous and the number of users does not unavoidably decrease. As Becker, Murphy and Grossman state, since the days of President Richard Nixon every pass has fought the war on drugs but no president or drug czar has ever claimed victory and victory is not even rem otely in sight. Clearly, the access needs to be redefined or at least reevaluated. I start prohibited with a brief look at the monetary nourish centering of subscribe to and how consumption of a impregnable is moved(p) depending on whether the individuals damage elasticity of demand for the thoroughly in question is elastic or inelastic.

hence I look at some of the costs that prohibition imposes on society and how these could possibly be avoided if a unlike approach were used. Lastly, I analyze (with the help of Block and Becker) some of the logic, or lack of logic, that surrounds the current system of prohibition and some of justifications for i! t that are regularly stated in our media and political discourse. expenditure elasticity of Demand: A key point to the pass on ring the legalization of keepd prohibition of drugs is price elasticity of demand. If price elasticity of demand is inelastic it does not matter whether the safe is legal or illegal consumption will carry on to exist. In the case of the drug market, Becker, Murphy and Grossman (2004)...If you want to soft touch a full essay, order it on our website: OrderCustomPaper.com

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