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 Thomas Lambie, President, Federated Farmers of New Zealand; Jennifer Brant, Trade Policy Advisor, Oxfam America; and Daniel T. Griswold, Associate Director, Center for Trade Policy Studies, Cato Institute.
Members of the World Trade Organization are preparing for a crucial July meeting to hammer out a framework for an agreement to lower global trade barriers and subsidies for agriculture. Meanwhile, a WTO panel has ruled that the U.S. cotton program violates international trade rules, signaling that other U.S. farm support programs could be challenged. And the European Union’s chief trade minister has now offered to put all of the EU’s distorting export subsidies on the table. What do all of these developments mean for the prospects of real progress in liberalizing global farm trade? Three experts will offer differing perspectives on what should be done – and what likely will be done.