[sustran] Re: urban rail and transport problems in KL

[J.H. Crawford]

....snip...

>Any comments ,  views , especially the pro-Keynesian advocates ??

The problem is that Keynes only knew about money. Many externalized
costs of transport cannot be reckoned in money, and as it now stands,
most of these costs are simply ignored. Examples are noise, loss of
congenial public spaces, air pollution, etc. As long as any system
of economics fails to account for these real, although non-monetary,
costs, it cannot yield a truly correct accounting. Private transport
by automobile fares very poorly on non-monetary external costs.


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J.H. Crawford    joel at xs4all.nl    http://www.carfree.com/