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 David Bakradze, Speaker of the Georgian Parliament; Kakha Bendukidze, Former Minister of the Economy and Reform Coordination, Georgia;
and Andrei Illarionov, Senior Fellow, Center for Global Liberty and Prosperity, Cato Institute;
Since the Rose Revolution of 2003, Georgia has implemented perhaps the most ambitious economic reform program of all formerly socialist countries. Years of high growth have been transforming it into an economic success story. But beginning last year the country suffered a war with Russia, partial occupation and secession of part of its territory, and the effects of the global economic crisis. Kakha Bendukidze will explain the economic policies that Georgia is undertaking to confront that adversity. David Bakradze will discuss the country’s move toward greater democratization, including in the areas of free speech and a greater role for parliament in national decision making and presidential accountability.