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 Patrick Basham, Senior Fellow, Center for Representative Government, Cato Institute; with comments by David Carney, Republican strategist and former White House Political Director.
American politics has fewer and fewer competitive elections. Why are many House races so one-sided? Can anything be done to make our elections more competitive? A timely new study by Cato Institute senior fellow Patrick Basham addresses these questions. In his study, Basham traces the history of political competition, challenges the conventional wisdom on how best to reform the system, and proposes better ways of breathing some competitive life into our elections. His suggested changes address the manner in which congressional districts are designed, political campaigns are funded, and politicians are tenured.