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 David E. Bernstein, Law Professor, George Mason University Law School, with comments by Mark V. Tushnet, Associate Dean, Georgetown University Law Center.
Conventional wisdom has it that economic regulation, labor unions, and the civil rights movement have long been fast friends. Not so, says George Mason University law professor David Bernstein in a new book, Only One Place of Redress. Applying the insights of public choice theory to legal history, Bernstein argues that the much-maligned jurisprudence of the Lochner era-with its emphasis on freedom of contract and private market ordering-actually discouraged discrimination and assisted groups with little political clout. Please join us for a discussion of this provocative thesis with its author.