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.

The Undercover Economist: a guide

Publishing schedule: Excerpts from "The Undercover Economist" and "Dear Economist", Tim's weekly columns for the FT Magazine, are published on this blog on Saturday mornings.
More about Tim: Tim also writes editorials for the FT, presents Radio 4's More or Less and is the author of "The Undercover Economist" and "The Logic of Life".
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