in Smoke-Filled Rooms

Published by University of Chicago Press

Published in print June 2002 | ISBN: 9780226857473
Published online March 2013 | e-ISBN: 9780226857480 | DOI:

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Cigarettes are the most dangerous consumer product used on a mass scale. The risks associated with smoking are extreme, including outcomes such as lung cancer, cardiovascular disease, and emphysema. The extent to which people who smoke are aware of the risks, together with the fact that smoking arises from market transactions by the smokers themselves, provides the context of both cigarette litigation and the smoking policy debate. The fundamental principle of a market economy is that consumer choices should be respected. Freedom to make such choices enables people to select those goods that best advance their welfare. Understanding the recent tobacco litigation first requires an understanding of the legal environment. Tobacco litigation also shapes future public policy with regard to smoking.

Keywords: cigarettes; economy; consumer choice; smoking; risks

Chapter.  5649 words. 

Subjects: Company and Commercial Law

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