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 the authors Herbert J. Walberg, Hoover Institution; and Joseph L. Bast, Heartland Institute; with comments by John Fund, Wall Street Journal.
In spite of steady progress for the school choice movement over the last 20 years, relatively few children today are educated outside the government monopoly school system. Why hasn’t school choice been implemented on a wider scale? According to the authors Herbert Walberg and Joe Bast, the reason is that people don’t understand capitalism. Because people lack a basic understanding of how capitalism works, they are fearful of trusting it to educate children. Education will move from a government-operated enterprise to a privatized one only if people understand how and why markets can be trusted to do a better job of educating our children than government does. Please join us for a discussion of the virtues of capitalism and the methods for countering the myths about markets and education.