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Libertarian organizations including the ],<ref>Thornton, Mark. "Prohibition versus Legalization: Do Economists Reach a Conclusion on Drug Policy?" Independent Institute. ''The Independent Review''. Winter 2007. </ref> the ],<ref>Thornton, Mark. "Alcohol Prohibition Was a Failure." Policy Analysis no. 157. Cato Institute. 17 July 1991. </ref> and the Mises Institute have published Thornton's writings on drug prohibition and prohibition in general. His research is the basis of what Richard Cowan dubbed the ]. Thornton contributed a chapter<ref>Thornton, M. (1998). Perfect drug legalization. In J. M. Fish (Ed.), How to legalize drugs (pp. 638-660). Northvale, NJ: Jason Aronson.</ref> to ]'s book ''How to Legalize Drugs''. He has also been interviewed on the topic of prohibition by members of the mainstream press. His research and publications are the basis of the ] which states that the enforcement of prohibition increases the potency and danger of consuming illegal drugs.<ref>"US drinks to 75 years since end of Prohibition." ]. Hosted by Google. 4 December 2008.</ref> Thornton's first book, ''The Economics of Prohibition'', was praised by ], who declared: Libertarian organizations including the ],<ref>Thornton, Mark. "Prohibition versus Legalization: Do Economists Reach a Conclusion on Drug Policy?" Independent Institute. ''The Independent Review''. Winter 2007. </ref> the ],<ref>Thornton, Mark. "Alcohol Prohibition Was a Failure." Policy Analysis no. 157. Cato Institute. 17 July 1991. </ref> and the Mises Institute have published Thornton's writings on drug prohibition and prohibition in general. His research is the basis of what Richard Cowan dubbed the ]. Thornton contributed a chapter<ref>Thornton, M. (1998). Perfect drug legalization. In J. M. Fish (Ed.), How to legalize drugs (pp. 638-660). Northvale, NJ: Jason Aronson.</ref> to ]'s book ''How to Legalize Drugs''. He has also been interviewed on the topic of prohibition by members of the mainstream press. His research and publications are the basis of the ] which states that the enforcement of prohibition increases the potency and danger of consuming illegal drugs.<ref>"US drinks to 75 years since end of Prohibition." ]. Hosted by Google. 4 December 2008.</ref> Thornton's first book, ''The Economics of Prohibition'', was praised by ], who declared:
:''Thornton's book... arrives to fill an enormous gap, and it does so splendidly.... The drug prohibition question is... the hottest political topic today, and for the foreseeable future.... This is an excellent work making an important contribution to scholarship as well as to the public policy debate.'' :''Thornton's book... arrives to fill an enormous gap, and it does so splendidly.... The drug prohibition question is... the hottest political topic today, and for the foreseeable future.... This is an excellent work making an important contribution to scholarship as well as to the public policy debate.'

===Economic bubbles===
Thornton has also written on ]s, including the ], to which he first referred in 2004.<ref></ref> His 2005 paper "Skyscrapers and Business Cycles" discusses the construction boom in terms of the Austrian Business Cycle Theory.<ref>Quarterly Journal of Austrian Economics vol. 8, no. 1 (Spring 2005) archived at ''Mises.org''.</ref>


==Political activities== ==Political activities==

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Mark Thornton
File:Markthornton.gifMark Thornton
Born7 June 1960
NationalityUnited States
Academic career
FieldEconomic history, political economy, prohibitionism, history of economic thought
School or
tradition
Austrian School
InfluencesFrederic Bastiat, Richard Cantillon, Ludwig von Mises, Murray Rothbard, Lew Rockwell

Mark Thornton is an American economist of the Austrian School. Thornton has been described by the Advocates for Self-Government as "one of America's experts on the economics of illegal drugs." Thornton has written extensively on that topic, as well as on the economics of the American Civil War, economic bubbles, public finance and is an expert on topics that include the Iron Law of Prohibition, the Skyscraper Index and Richard Cantillon. He is a Senior Fellow with the Ludwig von Mises Institute.

Education and academic career

Mark Thornton speaking about business cycles during the 2008 Mises University conference.

Thornton received his B.S. from St. Bonaventure University (1982), and his Ph.D. from Auburn University (1989). Thornton taught economics at Auburn University for a number of years, additionally serving as founding faculty advisor for the Auburn University Libertarians. He also served on the faculty of Columbus State University, and is now a senior fellow at the Ludwig von Mises Institute. He is currently the Book Review Editor for the Quarterly Journal of Austrian Economics.

Prohibition studies

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Libertarian organizations including the Independent Institute, the Cato Institute, and the Mises Institute have published Thornton's writings on drug prohibition and prohibition in general. His research is the basis of what Richard Cowan dubbed the Iron Law of Prohibition. Thornton contributed a chapter to Jefferson Fish's book How to Legalize Drugs. He has also been interviewed on the topic of prohibition by members of the mainstream press. His research and publications are the basis of the Iron Law of Prohibition which states that the enforcement of prohibition increases the potency and danger of consuming illegal drugs. Thornton's first book, The Economics of Prohibition, was praised by Murray Rothbard, who declared:

Thornton's book... arrives to fill an enormous gap, and it does so splendidly.... The drug prohibition question is... the hottest political topic today, and for the foreseeable future.... This is an excellent work making an important contribution to scholarship as well as to the public policy debate.'

Political activities

Thornton has also been active in the political arena, making his first bid for office in 1984, when he ran for the U.S. Congress. He became the first Libertarian Party office-holder in Alabama when he was elected Constable in 1988. He was the Libertarian Party Candidate for the U.S. Senate in 1996 (also endorsed by the Reform Party) coming in third of four candidates. Thornton also served in various capacities with the Libertarian Party of Alabama including Vice Chairman and Chairman. In 1997 he became the Assistant Superintendent of Banking and an economic analyst for Alabama Governor, Fob James.

Thornton has been featured as a guest on a variety of radio and internet programs and his editorials and interviews have appeared in leading newspapers and magazines.

Books

See also

Notes

  1. DiLorenzo, Thomas (2011-02-11) My Associations with Liars, Bigots, and Murderers, LewRockwell.com
  2. ^ "Libertarian Celebrities: Mark Thornton." Advocates for Self-Government.
  3. "Mark Thornton." Mises Institute. mises.org
  4. "Quarterly Journal of Austrian Economics." Mises Institute. mises.org.
  5. Thornton, Mark. "Prohibition versus Legalization: Do Economists Reach a Conclusion on Drug Policy?" Independent Institute. The Independent Review. Winter 2007.
  6. Thornton, Mark. "Alcohol Prohibition Was a Failure." Policy Analysis no. 157. Cato Institute. 17 July 1991.
  7. Thornton, M. (1998). Perfect drug legalization. In J. M. Fish (Ed.), How to legalize drugs (pp. 638-660). Northvale, NJ: Jason Aronson.
  8. "US drinks to 75 years since end of Prohibition." Agence France-Presse. Hosted by Google. 4 December 2008.

External links

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