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Last Exit: Privatization and Deregulation of the U.S. Transportation System, by Clifford Winston
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In Last Exit Clifford Winston reminds us that transportation services and infrastructure in the United States were originally introduced by private firms. The case for subsequent public ownership and management of the system was weak, in his view, and here he assesses the case for privatization and deregulation to greatly improve Americans' satisfaction with their transportation systems.
- Sales Rank: #2815800 in Books
- Brand: Brand: Brookings Institution Press
- Published on: 2010-09-20
- Original language: English
- Number of items: 1
- Dimensions: 8.90" h x .70" w x 6.00" l, .60 pounds
- Binding: Paperback
- 188 pages
- Used Book in Good Condition
Review
"A half-century of economics research, much of it from Brookings, convincingly shows that deregulation of transportation services delivered enormous benefits. Last Exit argues persuasively that these benefits are limited by continuing public provision of infrastructure and regulation or public provision of some services. Clifford Winston proposes experiments in private provision of airports, highways, and urban passenger transportation, and more efficient usage pricing for infrastructure, to test the strong theoretical case for increasing the scope of privatization and deregulation. These provocative but measured proposals provide the agenda for a serious national debate on the next steps in reforming transportation policy."—Roger Noll, Stanford University
"Clifford Winston offers a blueprint for increasing the role of the private sector in providing U.S. transportation infrastructure. He makes the case that public sector exit can improve economic efficiency, speed technological advance, and help solve current fiscal pressures."—Betsy Bailey, University of Pennsylvania
"Winston pulls together the first comprehensive accounting of the many inefficiencies that arise from current public policies in transportation. The bill—amounting to $100 billion per year plus reduced innovation—will hopefully stimulate some of the experiments he advocates with increased private provision of transportation."—Tony Gomez-Ibanez, Harvard University
About the Author
Clifford Winston is a senior fellow in Economic Studies at the Brookings Institution. His previous books include Aviation Infrastructure Performance and Government Failure versus Market Failure, both published by Brookings.
Most helpful customer reviews
4 of 4 people found the following review helpful.
Fascinating Read
By Jake S
Winston has quite the interesting idea. Essentially he argues that privatizing and deregulating all forms of infrastructure, particularly transportation systems, would be beneficial for Americans. I used this book in my research paper calling for the elimination of Amtrak and a new High Speed Rail system in the North East Corridor. I do think, however, that he does not accept the realities of privatization. One only needs to look at the disaster that ensued following Thatcher's deregulation of the UK's rail system for an ideal example. While in general I agree with his argument, certain precautions must be taken in any move (to be fair, he argues that we should use a test case before engaging in any large-scale projects).
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