Even superior price mechanisms remain vulnerable to politicization: while economists can estimate bounds on social costs (of pollution, value of time for congestion tolls), the actual tax or toll levels get set politically rather than at the economically optimal level, as seen with intercounty connector tolls being set high and likely facing pressure to reduce.

causalpending

Speaker

Clifford Winston

Evidence Quote

these things can become politicized very quickly

Source

Clifford Winston on Market Failure and Government Failure 12/28/2009EconTalk
Created: 6/15/2026, 9:37:54 AM

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