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.
However the Supreme Court rules on ObamaCare, states have the opportunity to lead the way in freeing the American health care marketplace. Leah Vukmir, a state senator from Wisconsin, discusses how the federal government and state governments can get out of the way of health care decisions.
Video produced by Caleb O. Brown, Austin Bragg and Evan Banks.