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 Daniel Griswold, Cato Institute; William R. Hawkins, U.S. Business and Industry Council; Loren Thompson, Lexington Institute; Malcolm Wallop, Former U.S. Senator; moderated by Charles V. Peña, Cato Institute.
The Marine One helicopter might be the most recognizable symbol of the president of the United States. After 30 years of service, the current fleet of helicopters is due to be replaced. The contract is worth $1.6 billion and could mean an additional $8 billion in helicopters for the Air Force, Coast Guard, and Department of Homeland Security for the winner. By law, at least 50 percent of a U.S. weapon system must be made in America. Both Sikorsky’s All American Team and Lockheed Martin’s US101 team are engaged in a fierce competition to portray themselves as being more American than the other. How much should “buy American” be a factor in this or any other defense procurement? Is such an approach a sound economic and trade policy in a globalized economy? What are the other factors that should determine which design is better? What are the consequences if the best design has foreign involvement?