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Description - The Railway Revolution by Mark Casson

Should the railway network be privatized? These volumes provide a historical background to the current debate over privatization. They demonstrate 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; and shows how modern theories of sunk costs, utility regulation, for example evolved from academic debate over railway pricing policies. This collection of material reveals the pivotal role of the railway in the industrial revolution.

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