This work, based on the propositon that roads exhibit typical command economy characteristics (congestion, chronic lack of funds), then shows roads in a market economy framework, employing concepts of ownership, market pricing and profitability to achieve a commercial basis of provision.
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1 of 2 people found the following review helpful:
4.0 out of 5 stars
Good book but doesn't go far enough,
By Ryan Kennedy (Anchorage, AK) - See all my reviews
This review is from: Roads in a Market Economy (Hardcover)
This is an economics textbook but can be read and enjoyed by anyone with an interest in auto transportation. The author explains what's wrong with car transit in the US and how it could be improved by various methods. The method that promises the best result is road pricing. This is done by charging cars for their use of the road. He doesn't doesn't explore the possibility of road pricing using onboard GPS units perhaps because the technology didn't exist in 1997 when the book was written. But today it is possible to equip every car with a GPS unit that would charge the driver for the use of the road. One could imagine expanded use of this device to charge for parking and creating "smart" street lights and better traffic management. Such a GPS unit could also be used to implement "pay as you go" auto-insurance. I wish the author would put out a new edition that used these ideas to imagine a transportation scheme breath-taking in its innovation.
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