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 Bruce Caldwell, editor, The Collected Works of F.A. Hayek; Richard Epstein, Laurence A. Tisch Professor of Law, New York University Law School; George Soros, Founder and Chairman, Open Society Foundations; moderated by Ronald Hamowy, Fellow in Social Thought, Cato Institute.