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Episode details

Radio 4,27 Nov 2019,14 mins

Series Series 2

Prohibition

Things That Made the Modern Economy

Available for over a year

Economists in the 1920s argued in favour of Prohibition, the short-lived attempt to ban sales of alcohol in the United States. They were worried about drunkenness affecting productivity. But economics didn’t yet have the idea of the “rational criminal�, which helps to explain why Prohibition was so widely flouted. Now debates are raging about whether cannabis should continue to be prohibited. Tim Harford reveals how a branch of economics called public choice theory has a surprising explanation for why alliances in favour of banning things can command such wide support. Producer: Ben Crighton Editor: Richard Vadon

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