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Transport calculation in a world without prices

The biggest lesson of 20th Century economics is that it is hard to get anything right if prices are wrong. It is high time that lesson were applied to transport.From the 1920s through the 1940s, economists pointed out the difficulties in running centrally planned economies. If prices do not emerge from the interplay of consumers and producers in markets, somebody has to set those prices. And if those prices are wrong, everything else starts going wrong.If you do not know... Read more

Dr Eric Crampton
Insights Newsletter
6 April, 2018

Media release: Taxpayers’ Union misses the bigger transport picture

Wellington (16 January 2018): The New Zealand Initiative's Sam Warburton says that Jordan Williams of the Taxpayers’ Union has overlooked bigger problems in transport funding in his claim that the National Land Transport Fund be limited only to roads.  “Apart from the contribution public transport can make to alleviating congestion, what Mr Williams’ argument misses is that much National Land Transport Fund expenditure is matched almost dollar-for-dollar by ratepayers,” said Warburton. Read more

Media release
16 January, 2018

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