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 June Arunga, Inter-Region Economic Network, Nairobi, Kenya, and George Ayittey, Department of Economics, American University.
“Africa could be the best place on earth, but instead our best and brightest minds are leaving the continent in the millions.” So says June Arunga, a 22-year-old Kenyan law student who’s facing the same dilemma. Should she stay or should she go? To find an answer to that question, June embarked on a 5000-mile, six-week, soul-searching journey, traveling the length of Africa through Egypt, Sudan, Congo, Angola, Namibia and, finally, South Africa. Those six conflict-riven countries span the African continent and comprise “The Devil’s Footpath,” a new BBC documentary. Join us to see an excerpt from the film and hear Ms. Arunga expand on the importance of the rule of law and free markets in bringing about Africa’s renewal. Professor George Ayittey will provide insights from his own research and experiences in Africa.