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 Leszek Balcerowicz,
Former President of the National Bank of Poland and Former Minister of Finance, Poland.
Welfare states in rich and poor countries should be judged by their results, not their intentions. Leszek Balcerowicz will review the experiences of countries around the world and explain what he believes to be the economic and moral failings of welfare states. In developing countries, for example, there are huge gaps between ideology and practice; large welfare states in rich countries have crowded out non state social assistance and contributed to various types of inequality including high unemployment among the young. Please join us to hear reform proposals from Poland’s main architect of its transition to the market.