« DC Gun Ban Overturned | Main | Fourth TX Tollroad goes cashless »
June 27, 2008
Why Transit is an "Inferior Good"
"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.
Posted by samstaley at June 27, 2008 01:46 PM
Comments