Blog
David Smith on Transport
2nd March 2008
Students taking papers this June on Transport economics should make a beeline for David Smith’s article in today’s Sunday Times and available on his website.
“Road congestion costs the economy an officially estimated £7 billion to £8 billion a year, according to the Department of Transport. Unofficial academic studies put the figure as high as £21 billion annually. I would not be surprised if even this was an underestimate. This is because, while it is possible to measure the direct effects of transport inadequacies, the indirect effects are harder to gauge.”
I think that the case for an extension of road pricing is becoming over-whelming.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.