Prohibition
When the US outlawed the manufacture and sale of alcoholic beverages, it inadvertently created one of the most successful black markets in the world. Tim Harford considers how much it costs to make something illegal, and what a failed law reveals about the way criminals make their money.
Last on
Image credit
Sources
Last Call: The Rise and Fall of Prohibition Daniel Okrent 2010, Simon and Schuster
Fortune Tellers: The Story of a Amercia's First Economic Forecasters Walter A. Friedman, Princeton University
The Economics of Prohibition Mark Thornton 1991, University of Utah Press
the War on Alcohol: Prohibition and the Rise of the American State Lisa McGirr 2005, W. W. Norton
Crime and Punishment: An Economic Approach Gary S. Becker 1974. NBER
Broadcasts
- Sat 5 Oct 2019 04:50GMTΒι¶ΉΤΌΕΔ World Service except East and Southern Africa & South Asia
- Sat 5 Oct 2019 13:50GMTΒι¶ΉΤΌΕΔ World Service News Internet
- Sun 6 Oct 2019 14:50GMTΒι¶ΉΤΌΕΔ World Service except Americas and the Caribbean, East Asia & South Asia
- Sun 6 Oct 2019 21:50GMTΒι¶ΉΤΌΕΔ World Service except East and Southern Africa & West and Central Africa
- Sun 6 Oct 2019 22:50GMTΒι¶ΉΤΌΕΔ World Service East and Southern Africa & West and Central Africa only
- Mon 7 Oct 2019 03:50GMTΒι¶ΉΤΌΕΔ World Service South Asia
Podcast
-
![]()
50 Things That Made the Modern Economy
The stories of inventions, ideas and innovations which helped create the economic world
