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 author, Lanny Ebenstein, with comments by Jerry Z. Muller, Professor of History, Catholic University, Author, Adam Smith in His Time and Ours.
F. A. Hayek was born in Vienna on May 8, 1899. The New Yorker wrote recently, “It is hardly an exaggeration to refer to the twentieth century as the Hayek century.” Former Yale University president Benno Schmidt says, “Hayek has become a pivotal figure for me – his thought in fact dominates economic and public policy thinking in the United States today.” While that may be, alas, an exaggeration, Hayek is certainly one of the greatest thinkers of modern times. And now he has the full-length biography he deserves. Please join us to hear Alan Ebenstein, coauthor of Great Political Thinkers: Plato to the Present and Today’s Isms: Socialism, Capitalism, Fascism, Communism, and Libertarianism, and Jerry Z. Muller discuss Hayek’s life and work on his 102nd birthday.