Decades of efforts to reduce the supply of illegal drugs like cocaine and heroin have failed to stop widespread availability, and as an unintended consequence, have encouraged violence that has destabilized important US allies like Colombia and Mexico. This slideshow uses concepts from Econ 101 and the writings of Friedrich Hayek to explain why strategies used in the war against drugs create the conditions for their own failure.
Keywords: Supply and demand, elasticity, Friedrich Hayek
About My Slideshows
This annex is intended as a convenient interface for access to the slide shows that are a key feature of my blog. If you have landed in the annex by accident, click here to return to the main blog.
I originally intended the slide shows mainly for classroom use. If you teach economics at any level, I invite you to cut and paste them into your live lectures, incorporate them into your on-line courses, assign them to your students as readings, or use them in any way that works for you. If you like the slides, I invite you also to consider adopting my own textbook from BVT Publishing.
For general readers of my blog, the slide shows offer a way to explore a topic in greater depth than is possible in the basic post, through added data, graphs, pictures, and background theory and concepts. I hope all readers enjoy them.
The slide shows are published under Creative Commons license Attribution--Share Alike 3.0. That means you can share, transmit, distribute, or adapt the slides for any purpose, provided you cite Ed Dolan's Econ Blog as the source, and your resulting publication is not more restrictively licensed than the original.
I originally intended the slide shows mainly for classroom use. If you teach economics at any level, I invite you to cut and paste them into your live lectures, incorporate them into your on-line courses, assign them to your students as readings, or use them in any way that works for you. If you like the slides, I invite you also to consider adopting my own textbook from BVT Publishing.
For general readers of my blog, the slide shows offer a way to explore a topic in greater depth than is possible in the basic post, through added data, graphs, pictures, and background theory and concepts. I hope all readers enjoy them.
The slide shows are published under Creative Commons license Attribution--Share Alike 3.0. That means you can share, transmit, distribute, or adapt the slides for any purpose, provided you cite Ed Dolan's Econ Blog as the source, and your resulting publication is not more restrictively licensed than the original.
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