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Rethinking the economic appraisal of rail freight

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posted on 2011-03-01, 00:00 authored by Rose Elphick-DarlingRose Elphick-Darling
This collection on The Economics of Transport: Smarter Transport – Better Cities
makes a large contribution to thought about Australia’s urban infrastructure, and
especially its public transport problem. The collection seeks to challenge lazy
thinking that for too long has accepted uncritically, such established beliefs as
“public transport is heavily subsidised compared with roads”.
In this volume, some excellent analysts apply sound concepts and techniques to
assessing various aspects of our urban transport. Good outcomes depend on
sound policy, and good policy depends on sound analysis. The ideas presented
in this volume are an important starting point on a road to good outcomes.
One straightforward point from mainstream economics is that public choice on
urban infrastructure requires rigorous comparison of the social costs and social
benefits of a decision. This requires assessments of good and bad “externalities”
- effects of a decision that are enjoyed by or imposed on people, other than those
who make the decisions.

History

Title of book

The economics of transport: smarter transport - better cities

Chapter number

4

Pagination

31 - 36

Publisher

Metropolitan Transport Forum

Place of publication

Melbourne, Vic.

Language

eng

Publication classification

A5.1 Minor research monograph

Copyright notice

[2011, MTF - GAMUT]

Extent

9

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