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Societies for the History of Economics

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Subject:
From:
Mason Gaffney <[log in to unmask]>
Reply To:
Societies for the History of Economics <[log in to unmask]>
Date:
Tue, 13 Oct 2009 08:53:19 -0400
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To Julian Wells, you can't have it both ways, saying roads are a free market
if they are tolled, and also if they are not.

Fred Foldvary's point is that in a free market the owner of a road, public
or private, will restrict entry to on optimal point, well thin of massive
congestion a la tragedy of the commons: free unlimited access is not what a
complete market does. Since you are responding to Fred, you should get on
the same page

Mason Gaffney

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