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 Johan Norberg, Author, In Defense of Global Capitalism, Senior Fellow, Cato Institute.
Despite the conclusions one might draw from the constant barrage of media negativity, never before have people lived longer, healthier, and wealthier lives with lower risks of malnourishment, illiteracy, or death by war or natural disaster. In a recent report for the Swedish government, Cato senior fellow Johan Norberg has documented the largest, most rapid rise in human living standards ever, which occurred over the last four decades. He will review the factors that generated these advances and explain how even more economic liberty, free trade, and globalization are necessary to sustain them.