Assignment: The Living Wage
Should drugs be legalized?
Legalization of drugs such as marijuana, cocaine and heroin often provokes intense disagreement among citizens as well as policymakers. Because legalization would create a market for these drugs, economists can provide helpful commentary based on consumer choice and demand.
To read about the current debate visit:
https://www.drugpolicy.org/news/082307media.cfm
https://www.druglibrary.org/schaffer/debate/debate.htm
Support for legalization does not divide easily along traditional political viewpoints. For a conservative group's argument see the Cato Institute at: https://www.cato.org/testimony/ct-dbz061699.html
The American Civil Liberties Union (ACLU) discusses the issue at: https://www.aclu.org/criminal-law-reform
By contrast, the US Department of Justice argues against legalization at: https://www.dea.gov/pr/multimedia-library/publications/speaking_out.pdf
For additional discussion by mainstream economists see: Brookings Institution (a private research group)
https://www.brookings.edu/research/articles/1996/03/spring-crime-stares
National Bureau of Economic Research, "Smoking, Drinking, and Drug Use Respond to Price Changes"
https://www.nber.org/digest/may05/w10948.html
Your final product will be a paper that:
- Addresses the question above in total.
- Is APA fortatted.
- The body is to be 2 pages minimum.
The requirements for your assignment are:
1. Answer this question fully.
2. Define the overall subject for the question.
3. Cite at least three resources from this week's materials.