Summary: Everybody knows that smoking is very harmful to health; public health is a major issue for every country.

But from an actuarial point of view smoking is certainly good for the countrys economy. Smokers die about 15 years earlier than the non smokers so basically they use less medical bill as maximum health cost happens later in life. They also dont have lengthy retirements, gets fewer payments from government. They usually die at the 2nd major illness where nonsmokers die at 7. Viscusi took all possible variables including smokers second hand cost and even counted the more sickness days from smokers still concluded from an actuarial point of view that smokers leave of economy at a much better place, although things are much different from ethical point of view.