Common Tragedies

Thoughts on Environmental Economics

Theories of urban revitalization

Posted by Daniel Hall on April 2, 2008

I think that congestion is primarily responsible for urban revitalization and increased mass transit ridership (as opposed to higher pump prices).

That’s Ryan Avent.  I’ll add that we must always remember the distinction between external and internal costs.  I can control how much fuel I buy — did I mention that sales of Pri… Priuses? Prii? Priae? were double the sales of Ford Explorer last month? — but I cannot order everyone off the road.

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