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Bluebook hazing - Ending Prohibition in Mexico? Archives

Bluebook hazing - Ending Prohibition in Mexico?

Right of passage

I will now explore the reasons why the Bluebook market failure persists despite its manifest flaws.

1. Most Bluebook costs are externalities.
. . .
2. Short time horizons.
. . .
3. Bluebooking as hazing.
. . .
Some people argue that the main obstacle to Bluebook abolition is the self-interest of the four journals who publish it and make a great deal of money as a result (Harvard, Yale, Columbia, and Penn). It is true that this interest exists, but it does not explain why editorial boards at other journals (who are consumers of the Bluebook rather than producers) do not junk it in favor of a simpler system.

"The Law and Economics of the Bluebook Market Failure," by Ilya Somin, The Volokh Conspiracy, May 2, 2006

Ending Prohibition in Mexico?

Mexico's president will approve a law that decriminalizes possession of small amounts of marijuana, cocaine and other drugs to concentrate on fighting violent drug gangs, the government said on Tuesday.

President Vicente Fox will not oppose the bill, passed by senators last week, presidential spokesman Ruben Aguilar told reporters, despite likely tensions with the United States.

"Mexico's Fox to OK drug decriminalization law," by Noel Randewich, Reuters, May 2, 2006

May 3, 2006 06:27 AM    Caught Our Eye

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