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 author William Easterly; Professor of Economics, New York University; moderated by Ian Vasquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
The technocratic approach to ending global poverty favored by development experts often strengthens authoritarian governments and neglects or undermines the preferences and personal choices of poor people. William Easterly will explain why a different branch of economics emerged for poor countries and how it has served the interests of decisionmakers in powerful countries, political leaders in poor countries, and humanitarians in rich countries. Join us to hear Professor Easterly make a case in favor of liberty that has so far been disregarded by the experts: poverty can only be ended and development sustained by respecting the individual rights of the world’s poor.