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 Johnny Munkhammar, Program Director, Timbro, Sweden; Ezra Klein Writing Fellow, American Prospect;
and Dan Mitchell, Senior Fellow, Cato Institute.
Most of Western Europe suffers from high taxes, high unemployment, and low growth rates, but some observers see Scandinavia as an exception that has managed to combine an extensive welfare state with robust economic growth. New Republic recently lauded Denmark as an example for the United States to follow. Should the United States adopt the Scandinavian model? What are the real lessons from Denmark, Norway and Sweden?