Publisher's Synopsis
This impressive collection of turn of the century material reveals the pivotal role of the railway in the Industrial Revolution, and provides a historical background to the modern debate of privatisation. On a broader scale, the material:
* demonstrates the problems of transport co-ordination, essential for creating integrated transport systems for the future
* places railway development in the context of modern perspectives of institutional economics
* shows how modern theories of sunk costs, utility regulation, etc. evolved from academic debate over railway pricing policies.
These accessible volumes will be of interest to transport historians, economic historians and economists.
