Compared to what?

Car Bus Bike

As a cyclist, I find London’s buses – not just the bendy ones, but all of them – to be infuriating. They take up so much space! But a good economist always asks, “compared to what?”. Here’s the answer, via Virtual Economics. The original is from a campaign by the city of Munster, I am told. It matches up pretty well with my intuition.

Tim Harford’s blog

This blog is no longer updated but it remains open as an archive.

Tim, also known as the Undercover Economist, writes about the economics of everyday life.