Regulating Vice: Misguided Prohibitions and Realistic Controls
Regulating Vice provides a new, interdisciplinary lens for examining vice policy, and focuses that lens on traditional vices such as alcohol, nicotine, drugs, gambling, and commercial sex. Regulating Vice argues that public policies toward addictive activities should work well across a broad array of circumstances, including situations in which all participants are fully informed and completely rational, and other situations in which vice-related choices are marked by self-control lapses or irrationality. This precept rules out prohibitions of most private adult vice, and also rules out unfettered access to substances such as alcohol, tobacco, and cocaine. Sin taxes, advertising restrictions, buyer and seller licensing, and treatment subsidies are all potentially legitimate components of balanced vice policies. Regulating Vice brings a sophisticated and rigorous analysis to vice control issues, an analysis that applies to prostitution as well as drugs, to tobacco as well as gambling, while remaining accessible to a broad social science audience.
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31/3 standard vice Adam Smith alco alcohol abuse alcohol and ketchup alcohol consumption Alcohol Prohibition approach to vice argument Aristotle behavior beneﬁts of vice centenarians cigarettes consumption of alcohol costs and beneﬁts criminal current vice policies currently legal decision maker difﬁcult drinkers drug prohibition drug user economics approach excess extent externalities ﬁeld ﬁfty ﬁnd ﬁrst gambling habits harm principle harm reduction illegal illicit drugs implies indulgence inﬂuence instance kids and addicts lotteries MacCoun and Reuter marijuana needle exchange Nevertheless Nicomachean Ethics nomic nonaddicted adult outlawed overdose perhaps pleasure pornography prescription prevalence productivity losses prostitution public policy quantiﬁed questions rational decision reason regulating vice regulation of vice robustness principle scuba dive signiﬁcant social costs society sodomy someone sufﬁciently survey of vice tax revenue today’s Twentieth Century United vice choices vice contrarians vice policy contrarian vice regulation vice tax vice-related choices vicious activity virtue zero tolerance
Page 7 - That principle is, that the sole end for which mankind are warranted, individually or collectively, in interfering with the liberty of action of any of their number, is self-protection. That the only purpose for which power can be rightfully exercised over any member of a civilised community against his will, is to prevent harm to others. His own good, either physical or moral, is not a sufficient warrant.