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The Economics of Smoking (Paperback, Softcover reprint of the original 1st ed. 1992)
Loot Price: R2,957
Discovery Miles 29 570
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The Economics of Smoking (Paperback, Softcover reprint of the original 1st ed. 1992)
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Cigarettes are under political attack at all_levels of government
in the United States. From Washington, D. C. to state capitals to
local govern ments, proposals abound to increase the cigarette
excise tax, to impose smoking bans, to prevent cigarette
advertising, to restrict the sale of cigarettes through vending
machines, to cut off the export of cigarettes, to earmark the
cigarette excise tax for health programs, to divest the stock of
cigarette companies, and so on. And all of these are purportedly
being advocated in the name of health. Undergirding and abetting
the health argument is an economic argument that claims to place a
value of up to $100 billion per year on the alleged health costs of
smoking to the American economy, which is more than $3 per pack of
cigarettes smoked. As our title suggests, our interest lies in the
economics of smoking and not in the health issues surrounding
smoking. We are professional economists and not medical scientists.
We will focus on what, if any, economic consequences arise for
nonsmokers when smokers smoke. For purposes of our discussion, we
simply accept the premise that smoking damages health and proceed
with our analysis. Since we have not studied the issue ourselves,
we have no way of knowing whether such a premise is true. But it
really does not matter for getting the economics of smoking right.
The important point resides in who pays for whatever to smoking."
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