Talk:Iron law of prohibition

	Law portal This article is within the scope of WikiProject Law, an attempt at providing a comprehensive, standardised, pan-jurisdictional and up-to-date resource for the legal field and the subjects encompassed by it.LawWikipedia:WikiProject LawTemplate:WikiProject Lawlaw articles
???	This article has not yet received a rating on the project's importance scale.

Economics Low‑importance

	Business and economics portal This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.EconomicsWikipedia:WikiProject EconomicsTemplate:WikiProject EconomicsEconomics articles
Low	This article has been rated as Low-importance on the project's importance scale.

Law Enforcement Low‑importance

	Law portal This article is within the scope of the WikiProject Law Enforcement. Please Join, Create, and Assess.Law EnforcementWikipedia:WikiProject Law EnforcementTemplate:WikiProject Law EnforcementLaw enforcement articles
Low	This article has been rated as Low-importance on the importance scale.

Requested move[edit]

The following discussion is an archived discussion of a requested move. Please do not modify it. Subsequent comments should be made in a new section on the talk page. No further edits should be made to this section.

The result of the move request was: moved. ErikHaugen (talk | contribs) 06:45, 22 October 2011 (UTC)[reply]

Iron Law of Prohibition → Iron law of prohibition –

Perplexed as to why the concepts developed by this guy are upcased, against sibling article titles such as Von Thünen rent and Schumpeterian rent, and many more, which are consistent with WP:CAPS ("Wikipedia avoids unnecessary capitalization") and its specification that laws are usually downcased; and WP:TITLE, this is a generic, common term, not a propriety or commercial term, so the article title should be downcased. Lowercase will match the formatting of related article titles. $Tony (talk)$ 08:11, 14 October 2011 (UTC)[reply]

The above discussion is preserved as an archive of a requested move. Please do not modify it. Subsequent comments should be made in a new section on this talk page. No further edits should be made to this section.

Unsourced content removed pending citations.[edit]

It is based on the premise that when drugs or alcohol are prohibited, they will be produced only in black markets in their most concentrated and powerful forms. If all alcohol beverages are prohibited, a bootlegger will be more profitable if he smuggles highly potent distilled liquors than if he smuggles the same volume of small beer. In addition, the black-market goods are more likely to be adulterated with unknown or dangerous substances. The government cannot regulate and inspect the production process, and harmed consumers have no recourse in law. Therefore the "iron law" says that the more you try to enforce prohibition (bigger budgets, larger penalties, etc.) the more potent and dangerous prohibited drugs become.

The law is based on the research of Mark Thornton, an economist associated with the Ludwig von Mises Institute. He first showed that the potency of marijuana increased in response to higher enforcement budgets. He later expanded this research in his dissertation to include other illegal drugs and alcohol during Prohibition in the United States (1920-1933). The basic approach is based on the Alchian and Allen Theorem. They argue that if you add any fixed cost (e.g. transportation fee) to the price of two varieties of the same product (e.g. high quality red apple and a low quality red apple) the more expensive variety will get exported more often. When applied to rum-running, drug smuggling, and blockade running the more potent products become the sole focus of the suppliers.

External links modified[edit]

Hello fellow Wikipedians,

I have just modified one external link on Iron law of prohibition. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:

Added archive https://web.archive.org/web/20131229232307/http://www.cato.org/pubs/pas/pa-157.html to http://www.cato.org/pubs/pas/pa-157.html

When you have finished reviewing my changes, you may follow the instructions on the template below to fix any issues with the URLs.

This message was posted before February 2018. After February 2018, "External links modified" talk page sections are no longer generated or monitored by InternetArchiveBot. No special action is required regarding these talk page notices, other than regular verification using the archive tool instructions below. Editors have permission to delete these "External links modified" talk page sections if they want to de-clutter talk pages, but see the RfC before doing mass systematic removals. This message is updated dynamically through the template {{source check}} (last update: 18 January 2022).

If you have discovered URLs which were erroneously considered dead by the bot, you can report them with this tool.
If you found an error with any archives or the URLs themselves, you can fix them with this tool.

Cheers.—InternetArchiveBot (Report bug) 19:51, 16 November 2017 (UTC)[reply]