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.
John Stossel travels around the globe to study the nature and causes of the wealth of nations. Why do some nations flourish while others flounder? Take India, for example. India has a free press and a democratic government, but that doesn’t seem to be enough. Its thicket of business regulations and bureaucratic restrictions is so dense that wealth is difficult to create. By comparing conditions in other countries, Stossel unravels the mystery of American prosperity.