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 the editor and chief author Ejaz Ghani, Economic Advisor, South Asia Poverty Reduction and Economic Management, World Bank; with comments by Swaminathan S. Anklesaria Aiyar, Research Fellow, Center for Global Liberty and Prosperity, Cato Institute and columnist for the Times of India; moderated by Daniel Griswold, Director, Center for Trade Policy Studies, Cato Institute.
South Asia, especially India, has attracted global attention because of its success in service exports. Challenging the “iron law” of development that industrialization is the only route to rapid growth, Ejaz Ghani explores the revolutionary opportunities that the globalization of services opens up for developing countries. Swami Aiyar will question how deep the service revolution is, and whether it can be replicated widely. What exactly is a service revolution and what has contributed to it? Are services as dynamic as manufacturing? Why have some countries succeeded and others failed? What can we learn from the experiences of India, China, and other South Asian countries? Join us as we discuss this timely and provocative book.