Richard A.Ferri – Protecting Your Wealth

Richard A.Ferri – Protecting Your Wealth

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Talks about cars and driving, and the various problems that cars and drivers create for America. This book explains actual government policy intended to reduce the damage cars and drivers do to us, and it explains why these government policies are almost all failures because they attack the wrong problem or attack it in the wrong way.

From the Back Cover

Beyond issues of convenience, style, safety, innovation, and mobility, automobiles raise questions about the ways that markets work and do not work. Almost all of our automobile problems arise from the car’s generation of external costs. These costs, when added to the private costs of driving, make driving a socially expensive habit. And by evaluating this habit from an economic perspective, we can develop cost-effective policies to save lives, use less gasoline, and decrease pollution. In his examination of automobiles, driving habits, and government policies, Richard Porter presents an analysis and critique of cars and the ways they are regulated. His conclusions are both surprising and compelling.

About the Author

Richard C. Porter is Professor Emeritus in the Department of Economics at the University of Michigan. His previous books include “Economics at the Wheel: The Costs of Cars and Drivers” and “Economics of Water and Waste: A Case Study of Jakarta, Indonesia”.