I like freight trains, but I’m not a big fan of passenger trains. It’s nice to have that hunch confirmed by economist Edward Glaeser.
Forty years of transportation economics at Harvard can be boiled down to four words. Bus good, train bad.
Glaeser’s book, Triumph of the City, was published 15 years ago and pointed out that there’s a near-perfect correlation between urbanization and prosperity across nations. Given that city living has become less fashionable since then, I’d love for Glaeser to write s sequel.
Nehaveigur 