Fat Economics (Paperback)  | Released: 01 May 2009

The obesity epidemic and the growing debate about what, if any, public health policy should be adopted is the subject of endless debates within the media and in governments around the world. While much has been written on the subject, this book takes a unique approach by looking at the obesity epidemic from an economic perspective. Written in a language accessible to non-specialists, the authors provide a timely discussion of evolving nutrition policies in both the developing and developed world, discuss the factors influencing supply and demand of food supply, and review the evidence for various factors which may explain recent trends in diets, weight, and health. The traditional economic model assumes people choose to be overweight as part of a utility maximisation process that involves choices about what to eat and drink, how much time to spend on leisure, food preparation, and exercise, and choices about appearance and health. Market and behavioral failures, however, such as time available to a person, education, costs imposed on the health system and economic productivity provide the economic rationale for government intervention. The authors explore various policy measures designed to deal with the epidemic and examine their effectiveness within a cost-benefit analysis framework. While providing a sound economic basis for analyzing policy decisions, the book also aims to show the underlying limits of the economic framework in quantifying changes in public well-being.About the Author: Mario Mazzocchi is currently a lecturer in Economic Policy at the University of Bologna. From 2002 to 2005 he taught consumer behaviour and marketing research methods at the University of Reading. He holds a degree in statistics (University of Bologna) and a PhD in Food Economics and Policy (University of Siena). His research focuses on applied economics and consumer behaviour. He has been a consultant to FAO on the economics and policy of the diet-health relationship. W. Bruce Traill has been Professor of Agricultural and Food Economics at the University of Reading since 1990 and was Head of Department from 1999 to 2005. He has previous lecturing experience at the University of Manchester and has worked for the European Commission and FAO. He has published widely on issues concerning multinational enterprises, international trade and competitiveness and innovation as well as food safety and nutrition and consumer food choice. Jason F. Shogren is Stroock Professor of Natural Resource Conservation & Management at the University of Wyoming. He is a world leading researcher on the environment, nutrition and health economics. He has already published two books with OUP and has a long record of publications in top international reviews such as the American Economic Review and the Journal of Political Economy.