When the US outlawed the manufacture and sale of alcoholic beverages, it inadvertently created one of the most successful black markets in the world. Tim Harford considers how much it costs to make something illegal, and what a failed law reveals about the way criminals make their money.
Last Call: The Rise and Fall of Prohibition Daniel Okrent 2010, Simon and Schuster
Fortune Tellers: The Story of a Amercia's First Economic Forecasters Walter A. Friedman, Princeton University
The Economics of Prohibition Mark Thornton 1991, University of Utah Press
the War on Alcohol: Prohibition and the Rise of the American State Lisa McGirr 2005, W. W. Norton
Crime and Punishment: An Economic Approach Gary S. Becker 1974. NBER