Markets for illicit drugs present an interesting case study for economics, combining non-standard characteristics such as addiction and product illegality. One response has been to argue the generality of economic principles by suggesting that they apply even in the extreme case of markets for...

Markets for illicit drugs present an interesting case study for economics, combining non-standard characteristics such as addiction and product illegality. One response has been to argue the generality of economic principles by suggesting that they apply even in the extreme case of markets for...

Drug consumption is a voluntary decision based on preexisting situational contexts, social events, personal traits and cultural circumstances. Because of this, drug consumption is not pathological but rather normal and ubiquitous. It is only as a result of persecution by the authorities of...