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Markets and Sin: Murder, Megacasinos, and Drug Wars

In: Morals and Markets

Author

Listed:
  • Daniel Friedman
  • Daniel McNeill

Abstract

Victorian philosophers confidently predicted that crime and vice would fade away as the human species evolved. That hasn’t quite happened. For example, the State of California used to spend twice as much on universities as jails, but now the two are almost equal—though students enrich the economy and prisoners sap it. The War on Drugs cost US taxpayers about $15 billion in 2010, down from S40 billion in the Bush era, and it has been about as effective as Caligula’s war against the sea.

Suggested Citation

  • Daniel Friedman & Daniel McNeill, 2013. "Markets and Sin: Murder, Megacasinos, and Drug Wars," Palgrave Macmillan Books, in: Morals and Markets, edition 0, chapter 8, pages 157-176, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-33152-6_9
    DOI: 10.1057/9781137331526_9
    as

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