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, Senator Chuck Hagel (R-NE), with an introduction by Edward H. Crane, President, Cato Institute.
In his two terms in the U.S. Senate, Chuck Hagel has distinguished himself as one of our nation’s most outspoken and thoughtful political leaders. Unafraid to challenge the policies of his own party, Senator Hagel has drawn praise and admiration from across the ideological spectrum by expressing grave concerns about the war in Iraq. In America: Our Next Chapter: Tough Questions, Straight Answers, Senator Hagel sets forth his vision for a humbler U.S. foreign policy guided by international diplomacy and free trade. He also addresses key domestic policy issues by calling for a significant reduction in the size of the federal government, demanding more fiscal responsibility in Washington, and supporting reforms to reduce the spiraling costs of entitlement programs. Please join Senator Hagel for a discussion of his new book, with introductory comments by Cato Institute president Edward H. Crane.