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.
Almost everyone agrees that drugs are bad, but is the War on Drugs even worse? In this ABC news special, John Stossel explores that question by interviewing some of the individuals closest to the drug war including police officers, judges, drug dealers, and South American farmers. Stossel also examines how liberalized drug laws in Europe have affected crime, drug addiction, and civil liberties.