"Normal Goods', according to economists, are those where demand increases with income and wealth. Inferior goods find that their share of income falls as wealth increases. In my most recent post to the Planetizen.com blog, I argue that transit is an inferior good. Guess what? Planners disagree. The post prompted a rather lifely discussion string.
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Today's Top Topics
Why Transit is an "Inferior Good"
- California 2014 High Speed Rail Business Plan Is Off Track (3/6)
- The Intentionally Unrealistic FY2015 Budget (3/4)
- Shallal's Top-Down Plan for D.C. Schools Hurts Parent Choice (3/3)
- Richmond CARES? (3/2)
- Government Could Improve the Development of Vehicle to Vehicle Communication by Getting Out of the Way (2/27)