Obesity remains a serious health problem and it is no secret that many people want to lose weight. Behavioral economists typically argue that “nudges” help individuals with various decisionmaking flaws to live longer, healthier, and better lives. In an article in the new issue of Regulation, Michael L. Marlow discusses how nudging by government differs from nudging by markets, and explains why market nudging is the more promising avenue for helping citizens to lose weight.
In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring the author Lajos Bokros, Former Minister of Finance, Hungary, Member of European Parliament, Professor of Economics and Public Policy, Central European University; with comments by Charles Gati, Professorial Lecturer in Russian and Eurasian Studies, Johns Hopkins University School of Advanced International Studies; moderated by Tom G. Palmer, Senior Fellow, Cato Institute, Executive Vice President for International Programs, Atlas Economic Research Foundation.
The transition to market democracy in most of Central Europe can rightfully be considered a success story. The experience of post-socialist countries from the Baltics to the Balkans, however, has varied greatly. Lajos Bokros, who played a key role implementing market reforms in Hungary in the 1990s, will review lessons of the transition and the current vitality of capitalism and liberal democracy in a diversity of countries, including his own.