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 Dan Griswold, Director of the Center for Trade Policy Studies, Cato Institute.
America’s current account deficit reached a record $857 billion in 2006, including an $836 billion trade defect in goods. Critics of free trade argue that the deficit threatens U.S. jobs and manufacturing and that it only confirms the failure of U.S. trade policy. Daniel Griswold, director of the Cato Institute’s Center for Trade Policy Studies, will explain why so much of the conventional wisdom about the trade deficit is wrong. Griswold will highlight the results of his March 12 study, “Are Trade Deficits a Drag on U.S. Economic Growth?”