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 James Gwartney, Coauthor, Economic Freedom of the World: 2007 Annual Report (Fraser Institute and Cato Institute, 2007) and Simeon Djankov, Lead Author, Doing Business 2008 (World Bank, 2007).
Nations that are economically free outperform less-free nations on indicators of human well-being. James Gwartney will discuss trends in economic liberty around the world and ways in which such freedom spreads. Simeon Djankov will review the latest findings on how bureaucracy, high taxes and the ability to register property in developing countries affect growth, the size of the informal sector and the participation of women in the economy. He will also explain how countries as diverse as Egypt, Croatia, and Georgia are reform leaders in the World Bank’s latest index on the ease of doing business.