The Economics of Smoking

1. Tobacco Warfare In America: An Overview -- A Battlefield Tour -- American Principles, Public Policy, and Tobacco Warfare -- Organization of this Book -- 2. Welfare Economics, Public Policy, And Smoking -- Smoking, the Market Process, and a Free Society -- Taxation and Regulation in a Market Economy -- Welfare Economics and Tobacco Policy -- Tobacco Taxation as Corrective Taxation -- Tobacco Taxation: An Overview -- 3. The Taxation And Regulation of Smoking: Principle vs. Expediency -- Realistic Politics and Tobacco Policy -- Knowledge and the Improbability of Corrective Taxation -- Political Incentive and Actual Tobacco Taxation -- Rationale, Reality, and Tobacco Regulation -- Tobacco Policy in Constitutional Perspective -- 4. Smoking And The Economic Cost Of Lost Production -- Smoking and Health: The Method of “Attributable Risk” -- How Accurate are Measures of Attributable Risk? -- Economic Measurement of Indirect Costs -- Joint Costs and Improper Cost Attribution -- Who Loses Lost Production: Smokers or Nonsmokers? -- What about the Benefits of Smoking? -- 5. Markets, Insurance, And The Medical Costs Of Smokers -- Attribution of “Medical Costs” to Smoking -- Medical Costs, Personal Responsibility, and Insurance -- Life Insurance and Nonsmoker Discounts -- Health Insurance and Smoker-Nonsmoker Parity -- Smoking and Fire Costs -- Moral Hazard and Insurance Costs -- 6. Medicare, Medicaid, And The Social Cost Of Smoking -- Smokers and the Cost of Medicare -- Transfers and Social Costs: A Clarification -- Proposals for Earmarked Cigarette Taxes -- Principle, Expediency, and Wealth Transfers -- 7. Smoking, Business Costs, And Social Cost -- Smoking and the Efficiency of Team Production -- Smoking and Workplace Efficiency -- Workplace Costs: A Further Consideration -- Smoking and Economic Productivity: A Conceptual Framework -- Smoking and Productivity: Discussion of the Data -- 8. ETS And Governmental Protection Of Consumers And Workers -- The Economics of Clean Indoor Air Acts -- The Coase Theorem, Ownership Rights, and Markets -- An Alternative Explanation -- Tobacco and “Public Health” -- 9. Advertising, “Addiction,” And The Denial Of True Choice -- Separating Advertising Myth from Advertising Reality -- Impact of Cigarette Advertising on Smoking by Youth -- Cigarette Advertising is a Firm-Specific Investment -- International Evidence: Cigarette Advertising Bans do not Work -- The Constitution and the Protection of Commercial Speech -- Advertising and Addiction -- The New Economics of Addiction -- Consumer Sovereignty or Health Fascism? -- 10. Self Interest, Public Interest, And Legislation -- Corrective Cigarette Taxation: An Analytical Unicorn -- An Economic Approach to Legislation and Regulation -- Democratic Politics and Tax Policy -- Rent Seeking, Tax Resistance, and Social Waste -- The Social Cost of Tobacco Taxation: A Recalculation -- Economic Principles and the Anti-Cancer Bureaucracy -- Tobacco Taxation and Regulation: A Realistic Approach -- 11. Interest Groups And The Public’s Health -- Overview -- Market Processes and Personal Health -- Is Health Research a Public Good? -- Public Health and the Collective Interests of Physicians -- Self Interest in Public Interest Organizations -- 12. Principle And Expediency In Public Policy -- Principles of Constitutional Political Economy -- The Self-Ownership Foundations of a Democratic Polity -- Considerations from the Economic Theory of Legislation -- Implications for Public Policy Toward Tobacco -- Implications for Public Policy More Broadly Considered -- References.