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I explain why at length in my book, Infrastructure: The Social Value of Shared Resources (2012).
But a system set to maximise private returns will not necessarily maximise total returns.Brett Frischmann, a professor at the Cardozo School of Law in New York, provides a thorough look at the issues in his book "Infrastructure: The Social Value of Shared Resources".
The idea of "two-sides" does not account for the many (many) sides of the markets and non-markets on the Internet, and it also largely ignores the spillovers from user generated public and social goods that are perhaps the most important reasons that an open Internet is socially valuable (see my book, Infrastructure).
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It's unusual to write a book on infrastructure if you're not an engineer.
The Reserve Bank of India (RBI), the regulator, reckons they have 13% of their loan book in infrastructure (vaguely reassuringly, the RBI's implied absolute debt figure roughly matches the $130 billion of gross debt of the 70 listed firms).
We have bridges that are falling down". He even said in his last book that infrastructure requires "a trillion-dollar rebuilding program". He has said he would prevent the Ford Motor Company from building a plant in Mexico by threatening it with tariffs on anything produced there.
Michael has written five books on infrastructure, energy, and growth, including three with Cambridge University Press.
The book is about infrastructure, but also about our city.
Book Talk: "Intelligent Infrastructure: Zipcars, Invisible Networks, And Urban Transformation" When we think of smart cities, the hypermodern cities of Shenzen or Songdo usually come to mind.
For the most part, "it has a low correlation to common stocks, bonds and other assets," said Mr. Underhill, whose first book, "Handbook of Infrastructure Investing," is scheduled to be published next year by John Wiley & Sons.
The subtitle of the book, "Self-funding Infrastructure and the Free Market Case for a Land Tax", makes the point.Another consequence of ignoring the peculiar properties of land in the economy is the housing bubble which Mark Carney, the governor of the Bank of England, has just attempted to rein in.
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