Prohibition
When the US outlawed the manufacture and sale of alcoholic beverages, it inadvertently created one of the most successful black markets in the world. Tim Harford considers how much it costs to make something illegal, and what a failed law reveals about the way criminals make their money.
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Image credit
Sources
Last Call: The Rise and Fall of Prohibition Daniel Okrent 2010, Simon and Schuster
Fortune Tellers: The Story of a Amercia's First Economic Forecasters Walter A. Friedman, Princeton University
The Economics of Prohibition Mark Thornton 1991, University of Utah Press
the War on Alcohol: Prohibition and the Rise of the American State Lisa McGirr 2005, W. W. Norton
Crime and Punishment: An Economic Approach Gary S. Becker 1974. NBER
Tim Hardford 'It's the Humanity, Stupid: Gary Becker has lunch with the FT'
No Alcohol, Cockfights: What you can't do on May 14 election day - CNN Philippines
Alcohol Sales ban tightened for Asanha Bucha, Lent - The Nation Thailand
The Slow Death of Prohibition - BBC
Blue Laws in the United States - Wikipedia
Revisiting Bootleggers and Baptists - Cato Institute
Estimating the Size and Potential of the UK Cannabis Market - IEA Discussion Paper No.90
Ending the Drug Wars - LSE Ideas
Support for Grass Grows - 4 steps to keeping workplaces safe with new marijuana laws - Lockton
Broadcasts
- Sat 5 Oct 2019 04:50GMTBBC World Service except East and Southern Africa & South Asia
- Sat 5 Oct 2019 13:50GMTBBC World Service News Internet
- Sun 6 Oct 2019 14:50GMTBBC World Service except Americas and the Caribbean, East Asia & South Asia
- Sun 6 Oct 2019 21:50GMTBBC World Service except East and Southern Africa & West and Central Africa
- Sun 6 Oct 2019 22:50GMTBBC World Service East and Southern Africa & West and Central Africa only
- Mon 7 Oct 2019 03:50GMTBBC World Service South Asia
Podcast
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