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 U.S. Rep. Earl Blumenauer, D-Oregon, Ed Gresser, Progressive Policy Institute, and William Hawkins, U.S. Business and Industry Council. Moderated by Daniel T. Griswold, Cato Institute.
Among the highest remaining U.S. tariffs are those imposed on imported shoes, with the highest duties applying to the cheapest shoes. Critics of the tariffs contend that they fall most heavily on the poorest American households while “saving” few domestic jobs. Defenders argue that the tariffs provide revenue for the federal government, have little impact on consumer prices, and steer trade to our free-trade partners at the expense of China. A bill in Congress to eliminate certain shoe tariffs, the Affordable Footwear Act, currently has more than 140 co-sponsors in the House and may be attached to the upcoming Miscellaneous Tariff Bill. Please join us for a forum featuring a co-sponsor of the footwear act and two trade experts who will debate the merits of lowering tariffs on imported shoes.