Tyler Cowan, an economist at George Mason, writes about driverless cars ..
Regulations Hinder Development of Driverless Cars – NYTimes.com:
“IN the meantime, transportation is one area where progress has been slow for decades. We’re still flying 747s, a plane designed in the 1960s. Many rail and bus networks have contracted. And traffic congestion is worse than ever. As I argued in a previous column, this is probably part of a broader slowdown of technological advances.
But it’s clear that in the early part of the 20th century, the original advent of the motor car was not impeded by anything like the current mélange of regulations, laws and lawsuits. Potentially major innovations need a path forward, through the current thicket of restrictions. That debate on this issue is so quiet shows the urgency of doing something now.”
(Via David King.)
See also: Marginal Revolution