Many studies of the determinants of economic growth rates across countries use a measure of schooling quantity, such as mean secondary school enrolment rates, to proxy for the rate of human capital accumulation. This approach ignores the contribution of schooling quality. We augment the growth...

Heroin has been a prohibited substance in Australia the early 1950s. Prohibition, combined with a continued demand for the drug, has spawned a profitable black market. This paper presents a framework for evalyating the net welfare effects of heroin consumption under prohibition, a task made mode...