Thursday, May 08, 2014

5 Nobel Prize Winners Call for the End of the War on Drugs

More experts are jumping into the bandwagon against the war on drugs 

From the London School of Economics and Political Science: (hat tip lewrockwell.com blog)
Five Nobel Prize economists call for an end to the 'war on drugs' in a new report from the London School of Economics and Political Science (LSE).

Ending the Drug Wars: Report of the LSE Expert Group on the Economics of Drug Policy outlines the enormous negative outcomes and collateral damage from the ‘war on drugs’ and includes a call on governments from five Nobel Prize economists[1] to redirect resources away from an enforcement-led and prohibition-focused strategy, toward effective, evidence-based policies underpinned by rigorous economic analysis
The 5 Nobel Prize winners are Professor Kenneth Arrow (1972 Nobel Prize in Economics),  Professor Sir Christopher Pissarides (2010 Nobel Prize in Economics), Professor Thomas Schelling (2005 Nobel Prize in Economics), Professor Vernon Smith (2002 Nobel Prize in Economics) and Professor Oliver Williamson (2009 Nobel Prize in Economics)

The other signatories for the said report are Professor Paul Collier, CBE, University of Oxford, Professor Jeffrey Sachs,  Luis Fernando Carrera Castro, Minister of Foreign Affairs, Guatemala, Nick Clegg, Deputy Prime Minister of the United Kingdom. George Shultz, US Secretary of State (1982 – 1989) and Dr. Javier Solana, EU High Representative for Common Foreign and Security Policy (1999 – 2009), and others.

At the end day, economics will determine social policies.


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