Sublime

Another important factor here is that our scarce resources will be applied where there is the greatest demand, not the greatest political connections. While the former might sometimes benefit wealthy drivers, this proposal is going to be a lot more egalitarian than the current patronage system. And right now our system is pretty fair in that, when

An analysis by the study team found that average vehicle miles traveled per day were reduced by eleven miles for the group that lived near the LRT eighteen months after it opened, compared to those that lived further away. The entire difference between the two groups was a result of the increase in LRT use, suggesting that LA residents were willing

Our argument in this chapter will go through the following propositions, which serve as headings for their own sections of discussion: Value is subjective; uncertainty is not risk; economic complexity resists equilibria; markets aggregate prices, not information; and, markets tend to leverage efficiency.