Transport Economics - Sorting out Transport in London

We link here to a recent lecture given by Professor Doug McWilliams at Gresham College that might be of particular interest to students and teachers who are taking the transport economics option. London has some major disadvantages that would make any transport policy difficult. However, even given the constraints, the current policy mix is so far away from ideal that it could be costing each household about £1,000 more than it should if transport were to be organised rationally. The lecture outlines some proposals for transport reform in the capital.