In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
While transportation planners debate investing in highway capacity or building rail transit and high-speed rail, another alternative may make more sense. As discussed in O’Toole’s recently published book Gridlock, new technologies can cost-effectively increase the capacity of existing highways to move people faster and safer while using less energy. Many of these innovations are already available, ranging from adaptive cruise control now being sold on many cars up to completely automated vehicles. The main obstacles to more widespread deployment are not technical but institutional and bureaucratic. Please join O’Toole and Huhnke to find out how transportation could be transformed in just a few years.