The economics of transport
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ALTHOUGH more suitable for the student of transport economics and the urban traffic planner than for the transport operator, Modern Transport Economics by J. M. Thomson, makes interesting reading even for those without academic pretegsions.
The modern approach to the subject must take into account the interrelation
ship of the environment, town and country planning and available finance according to the prevailing economic climate and this the author has set out to do. The operator of road freight vehicles will not find assistance to run his business among its pages and the passenger vehicle operator will hardly be able to establish a more economic and viable service after reading the book. Both might have a better understanding of the transport scene in general, however.
It is a pity that the author refers to "0 licence" operators on page 124 for this leaves one wondering if he is aware that the term is outmoded or whether he has simply used it conveniently to describe own-account operators.
Modern Transport Economics is published by Penguin Books Ltd, in paperback at 1'1.25. The author is head of the European Intercity Transport Study, Overseas Economic Commission for Development, Paris, J.J.