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 Mark Calabria, Director of Financial Regulation Studies, Cato Institute and Steve H. Hanke, Senior Fellow, Cato Institute, and Professor, Applied Economics, and Co-Director, Institute for Applied Economics and the Study of Business Enterprise, The Johns Hopkins University.
The boom and bust of the housing and financial sectors raise the natural question: what happened? As economists, politicians, and the general public point their fingers or scratch their heads, this panel will look beyond populist bogeymen and currently dominant economic theories to examine the Austrian school of economics—based on the work of F. A. Hayek, Ludwig von Mises, and Carl Menger—and how its theory of business cycles offers a better basis for understanding financial crises and recessions.