Word: demand
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Dates: during 1980-1989
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...word from Moscow is that Anatoli Rybakov's Children of the Arbat is selling like blini on May Day. An initial printing of 500,000 copies sold out faster than the lines could form at the bookshops. As this classic supply-and- demand problem mocked Marxist economics, the cost of the novel rose from the official price of 2.5 rubles ($4.20) to an extortionist 25 rubles on the black market. Plans at Sovietsky Pisatel and Moskovsky Rabochy, the popular author's two publishers, call for at least 2.4 million additional hardbacks in Russian, plus editions in Ukrainian, Armenian, Lithuanian, Estonian...
...ineffective. That, in part, is why drug legalization has suddenly emerged as an imaginable alternative. The case begins with a simple proposition: all wars on drugs are doomed to fail, no matter how many Viet Nam-style escalations the authorities order. It is a simple matter of supply and demand: as long as demand exists on the scale of the U.S. craving for, say, cocaine, someone is going to supply it, legally or illegally. Significantly, this line is voiced by a growing number of public officials who were once enthusiastic soldiers in the war on drugs but have been bitterly...
...strong and cogent case for drug legalization, even if it is a misguided approach, has pointed out a real and serious fault in current policy. It is heavily unbalanced in favor of ineffective attempts to cut the supply through police action, while neglecting potentially more effective efforts to reduce demand through education and treatment. Says Minneapolis Mayor Donald Fraser: "Personally, I'm not willing to say drugs should be decriminalized. But investing large amounts of money to interdict supply obviously is not working. We've spent over $300,000 in the past few months in police overtime alone raiding crack...
...American demand for foreign consumer goods remains strong, however steep their price tags. At a meeting in Paris last week of the Organization for Economic Cooperation and Development, top European officials pointed to excessive consumption as the chief cause of the U.S. trade deficit. Nigel Lawson, Britain's Chancellor of the Exchequer, called for a "slowdown in the growth of U.S. domestic demand, which in these circumstances is rising uncomfortably fast...
...students who took over the president's office last month for five days to demand an increase in recruitment of minority faculty members found that the president was "surprisingly agreeable," says Perkins...