MTA

For decades some New Yorkers have believed that the price of subway fares and pizza slices are linked. Known as the “Pizza Principle,” the economic theory/urban legend tries to account for the fact that, for the past 40 or so years, the cost of a plain slice of pizza has pretty much tracked with the cost of a single ride fare. So far nobody has been able to provide a clear explanation of why that might be—or if there’s more to it than coincidence. The latest MTA board vote on fare increases may have severed the connection between subway and pizza before we could fully understand it. As the Wall Street Journal reports, the “Pizza Principle” doesn't hold now that gourmet offerings have bumped the average cost of a slice to the $3-$3.50 range while the MTA is maintaining the base fare at $2.75.
More on New York's strangest economic theory