© 2017

The Economics of Addictive Behaviours Volume III

The Private and Social Costs of the Abuse of Illicit Drugs and Their Remedies


  • Takes an interdisciplinary approach to addictive behaviours, their costs and remedies

  • Analyses the impact of Government legislation and taxes on consumption

  • Reconciles the conflict between behavioural and neoclassical economics


Table of contents

  1. Front Matter
    Pages i-viii
  2. John Joshua
    Pages 1-5
  3. John Joshua
    Pages 7-18
  4. John Joshua
    Pages 109-113
  5. Back Matter
    Pages 115-135

About this book


This title offers an in-depth analysis of the causes, consequences and treatments of illicit drug abuse. The author examines the effects of existing drug policies and proposes drug use legalisation within a regulated market as a viable alternative. Joshua assesses the factors that make individuals vulnerable to drug abuse and the pathways they may follow. As well as exploring the physical and psychological effects on the individual, Joshua examines the social and economic consequences for society. He highlights the pitfalls of a purely legal approach to drug abuse, which is primarily a health matter, and questions whether special drugs courts could be used as an alternative to the present criminal justice system. This book adds to the debate on whether most drugs could be sold in a regulated market in the same way as other drugs are, such as alcohol or nicotine.

This is the third title in a four volume series ‘The Economics of Addictive Behaviours’, consisting of three additional volumes on smoking, alcohol abuse and overeating.


Health Economics Health behaviours Government policy Economic and social policy Tax Free choice Prevention Social cost Addictive behaviours Illicit drugs Drug abuse Illicit drug policy Class A drugs

Authors and affiliations

  1. 1.Deakin UniversityMelbourneAustralia

About the authors

John Joshua taught Economics to undergraduates and postgraduates in Melbourne, Australia, and China for many years. He holds PhDs in Sociology, Education and Economics, and his research interests are in the economic, educational, and psycho-social transformation of developing economies.

Bibliographic information

Industry Sectors
Finance, Business & Banking