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 position papers from Michael Bordo, Rutgers University, “The Great Contraction 1929–1933: Are There Parallels to the Current Crisis?”; Charles Calomiris, Columbia University,
“The Dos and Don’ts of Financial Regulatory Reform” and “TALF and PPIP: Will they Work to Unclog the Financial Plumbing?”; Marvin Goodfriend, Carnegie Mellon University, “We Need an Accord for Fed Credit Policy”; Mickey Levy, Bank of America, “What’s in Worse Shape, the Economy or Fiscal Policy?”; Bennett McCallum, Carnegie Mellon University, “China, the U.S. Dollar, and SDRs”; and Anna Schwartz, NBER, “Boundaries Between the Fed and the Treasury”; Moderated by Gregory Hess, Claremont McKenna College.