Real economics
15th August 1975, Page 59
15th August 1975
Page 59
Page 59, 15th August 1975
— Real economics
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I am sure Mr Harvey (C August 8) does not really meat that he would like to see ' proper transport policy based on real economics, not the economics of the operator." Translated into practice this would mean an immediate end to all but a tiny, specialised fraction of British Rail's freight services, for instance. No economic justification exist for the rest today.
And once you step off into the realms of cost-benefit and social values you are sunk. Who knows whether a hous wife prefers, say, 5p on a pound of sausages as the price of taking 32-tonners off the roads ? And even if they did know, would politicians act rationally on that knowledge ? B. M. WHITE
Leigh-on-Sea