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 Tom Miller, Director of Health Policy Studies, Cato Institute; Jeff Lemieux, Senior Economist, Progressive Policy Institute.
Seniors complain about lack of Medicare coverage for prescription drugs. Advocates for the uninsured insist on new subsidies for insurance coverage. Everyone says health care costs too much. So what else is new? Will this year’s round of congressional reform proposals diagnose the real problems and help fix them? Cato and PPI scholars will offer two distinctive critiques of conventional efforts to reform the maladies of Medicare and our overall health care system and prescribe new therapies to treat those maladies.