A Cost-Benefit Analysis for High Speed Rail

In the first of a series of posts to the NYTimes' Economix Blog, Edward Glaeser explores the value of high-speed rail in the US.

"Large infrastructure projects are complicated things that all have hundreds of consequences, some good and some bad. It is easy to come up with good and bad side effects of high-speed rail: More people coming into a centralized train station might reduce long car trips associated with sprawling airports (that's good), but increase congestion in the city (that's bad).

"These ideas are so cheap that unless they are seriously quantified they have no place in the debate. Serious accounting, not clever debating points or soaring rhetoric, is the critical ingredient in good public decision-making."

Thanks to Franny Ritchie

Full Story: Is High-Speed Rail a Good Public Investment?



Cost-benefit applies only to rail...?

Why do rail projects always need to be subjected to these kinds of cost analyses, but never highway projects...? Has suspicion about anything to do with rail transport somehow found its way into the genetic makeup of Americans born and raised in this nation's car culture...?

Brand new! Urban Grid City Collection

Each city has its own unique story. Commemorate where you came from or where you want to go.
Grids and Guide Red book cover

Grids & Guides

A notebook for visual thinkers. Available in red and black.
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95
Melissa and Doug Town Blocks Wooden Play Set

Block play meets role play

New! Town block set from Melissa and Doug Toys