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 Bruce J. Caldwell, Author, Hayek’s Challenge: An Intellectual Biography of F. A. Hayek (Chicago, 2003); and Lanny Ebenstein, Author, Hayek’s Journey: The Mind of Friedrich Hayek (Palgrave, 2003); with comments by Dick Armey, Former professor of economics, former House majority leader, and cochairman, Citizens for a Sound Economy.
“It is hardly an exaggeration to refer to the 20th century as the Hayek century,” John Cassidy wrote in the New Yorker. Confirming Hayek’s stature, two new books from major publishers explore the development of his thought. Biographer Alan Ebenstein discusses Hayek’s Austrian roots and his relationship to such thinkers as Mill, Marx, Keynes, and Popper. Bruce Caldwell, editor of The Collected Works of F. A. Hayek traces the complex evolution of Hayek’s thought—and the evolution of Austrian economics—and places Hayek in a broader intellectual context. His book has been called “the best book in economics of 2003.” Please join us for a discussion of one of the most influential thinkers of the 20th century.