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 Benn Steil, Co-author and Director of International Economics, Council on Foreign Relations; and Manuel Hinds, Co-author and Former Finance Minister of El Salvador. Moderated by
Ian Vásquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
The current state of international economic relations is unusual and precarious. Benn Steil and Manuel Hinds will explain how protectionism has historically coincided with monetary nationalism, whereas eras of liberal trade have been accompanied by a universal monetary standard. But the situation today is prone to crisis, because an unprecedentedly liberal global trade regime exists alongside monetary nationalism of an extreme kind. According to the authors, national monies and globalization don’t mix. “If anything is likely to throw globalization into reverse, it is not trade itself, but the money that facilitates it.” Please join us to hear their prescient analysis and their views on the future of the dollar and the emergence of a global monetary standard.