"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.
Get weekly updates from Reason.
Today's Top Topics
Why Transit is an "Inferior Good"
- How to Avoid Closing Washington State Parks (5/17)
- Give Managed Lane Conversions Time (5/16)
- Why is the CDC Being Anti-Science on State Liquor Privatization? (5/14)
- Louisiana Republicans Introduce Bills to Replicate Massachusetts's Pro-Union, Anti-Privatization “Pacheco Law” (5/9)
- 40th Anniversary of the Rockefeller Drug Laws: Time to Re-think Sentencing Policy (5/8)