Road pricing is widely advocated as a solution to congestion problems. The underlying theory is well developed, and we even have the technology to implement it without toll booths. Only political barriers remain: Decision makers are reluctant to retrofit tolls on existing highways because they...

Knowledge consists of the triad: information, interpretation, and judgement. Much of modern political economy has miscarried by proceeding as though knowledge were merely “information” that is, as though interpretation were symmetric and final. Economic prosperity depends greatly on new...