The staggering costs of drug criminalisation |
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Authors: | E. J. Mishan |
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Affiliation: | E. J. Mishan was Professor of Economics at the London School of Economics before resigning his Chair in 1977 to take up a position in the United States. |
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Abstract: | The cost of maintaining the current illegalisation of narcotics far exceeds the public's perception while, in contrast, the damage to society that would follow from their legalisation is grossly exaggerated. Using economic and other relevant research, estimates are made in this article of the spread of drug addiction and the increase in crime that are likely to follow the decriminalisation of drugs; estimates that reveal an overwhelming case for their decriminalisation. |
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