Prohibition versus legalization of drugs from the perspective of law and economics

Název diplomové práce v anglickém jazyce, abstrakt v anglickém jazyce a klíčová slova Title of the thesis: Prohibition versus Legalization of Drugs from the Perspective of Law and Economics Abstract Drug prohibition has lasted for over a hundred years. In the last decade, however, more and more states are moving from restrictive drug policy to milder forms of drug regulation, including their partial legalization. This master's thesis is one of the first Czech studies that comprehensively deals with the prohibition and legalization of drugs from the perspective of law and economics. The main aim of this thesis is to analyze selected economic and legal aspects of current drug prohibition and possible legalization of drugs. Several methods have been used to achieve this objective, with the greatest emphasis being placed on the demand-supply analysis of the drug market, which is present in the economic part of this thesis. This analysis makes it possible to understand how drug market is affected by state interventions, why these interventions often fail or identify benefits of drug legalization. This is followed by description of the most significant economic implications of drug use and their prohibition. Consequently, the next section deals with a brief overview of the history of economic thought regarding..