by Carl V Phillips
In case you missed it, my new IEA paper, Understanding the basic economics of tobacco harm reduction, is available here. You should go read it. The summaries do not do it justice. (Not really joking there — the summaries have picked up on one particular conclusion, but the value of the paper is laying out how to think about the whole issue.) I am posting this here primarily to create an opportunity for comments, since that is not available at the original.
Speaking of summaries, you can find this one at CityAM, which was kind enough to also run my op-ed that was based on the paper. (Needless to say, I did not choose the headline nor the link in the first paragraph — can you imagine me citing the RCP report as if they were the source of that information???)