
Tom Wainwright believes we have lost the “War on Drugs” and we need to come up with a different strategy. Wainwright is an editor with The Economist so it shouldn’t surprise you that his approach is an economic one. It’s too easy for drug cartels to ship their product to the States (and elsewhere). It’s too easy to distribute the drugs and sell them. It’s too easy to take the money out of the country. Narconomics suggests ways Government could make all of these illegal activities much more expensive. Wainwright argues for a market-based solution to illegal drugs. The old methods haven’t worked so why not try something different? I found Wainwright’s analysis fascinating and his descriptions of the “business side” of drug dealing compelling. If you have any interest in solving our country’s drug problems, Narcoomics is a good place to start. GRADE: A
TABLE OF CONTENTS:
Introduction Cartel Incorporated
Chapter 1 Cocaine’s Supply Chain: The Cockroach Effect and the 30,000 Percent Markup
Chapter 2 Competition vs. Collusion: Why Merger Is Sometimes Better Than Murder
Chapter 3 The People Problems of a Drug Cartel: When James Bond Meets Mr. Bean
Chapter 4 PR and the Mad Men of Sinaloa: Why Cartels Care About Corporate Social Responsibility
Chapter 5 Offshoring: The Perks of Doing Business on the Mosquito Coast
Chapter 6 The Promise and Perils of Franchising: How the Mob Has Borrowed from McDonald’s
Chapter 7 Innovating Ahead of the Law: Research and Development in the “Legal Highs” Industry
Chapter 8 Ordering a Line Online: How Internet Shopping Has Improved Drug Dealers’ Customer Service
Chapter 9 Diversifying into New Markets: From Drug Smuggling to People Smuggling
Chapter 10 Coming Full Circle: How Legalization Threatens the Drug Lords
Conclusion Why Economists Make the Best Police Officers
Acknowledgments
Notes
Index









