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 Justin Logan, Cato Institute; and Ted Galen Carpenter, Cato Institute.
Taiwan spends far too little on its own defense, in large part because the Taiwanese believe the United States is their ultimate protector. Meanwhile, Taiwan’s political leaders are creating the worst possible combination: the provocative cross-strait policy of President Chen Shui-bian and the opposition-dominated legislature’s irresponsible policy on defense spending. A bold cross-strait policy coupled with inadequate defense spending virtually invites a Chinese challenge, and America would be caught in the middle. Please join us for an analysis of the dangers inherent in the U.S.-China-Taiwan relationship, and a proposal for a new way forward.