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Don’t eat the brown acid: Induced ‘malnovation’ in drug markets

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  • Audrey Redford

    (Texas Tech University)

Abstract

Title II, the Controlled Substances Act (CSA), of the Comprehensive Drug Abuse Prevention and Control Act of 1970 (CDAPCA) created the present system of drug scheduling and regulation. This paper illustrates how the CSA created the incentives for induced ‘malnovation’ (innovation intended to circumvent legislation, and thus foil policymakers’ intended ends) into drug markets, namely “designer drugs.” As a result of this induced malnovation, drug markets have not only increased in the variance of products available that are often sold under similar street names, but there is also a tendency towards creating more dangerous drugs in an attempt to stay outside of the regulation.

Suggested Citation

  • Audrey Redford, 2017. "Don’t eat the brown acid: Induced ‘malnovation’ in drug markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(2), pages 215-233, June.
    • Handle: RePEc:kap:revaec:v:30:y:2017:i:2:d:10.1007_s11138-016-0341-4
    DOI: 10.1007/s11138-016-0341-4
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    References listed on IDEAS

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    1. Mark Thornton, 1994. "The economics of prohibition," Chapters, in: Peter J. Boettke (ed.), The Elgar Companion to Austrian Economics, chapter 51, Edward Elgar Publishing.
    2. Gary S. Becker & Kevin M. Murphy & Michael Grossman, 2006. "The Market for Illegal Goods: The Case of Drugs," Journal of Political Economy, University of Chicago Press, vol. 114(1), pages 38-60, February.
    3. Miron, Jeffrey A, 2001. "Violence, Guns, and Drugs: A Cross-Country Analysis," Journal of Law and Economics, University of Chicago Press, vol. 44(2), pages 615-633, October.
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    Cited by:

    1. Golz, Michael & D'Amico, Daniel J., 2018. "Market concentration in the international drug trade," Journal of Economic Behavior & Organization, Elsevier, vol. 150(C), pages 28-42.
    2. Ryan H. Murphy, 2019. "The rationality of literal Tide Pod consumption," Journal of Bioeconomics, Springer, vol. 21(2), pages 111-122, July.

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