The New Economic History of the Railways (Routledge Revivals)

Více o knize

Focusing on the evolution of transport history, this book critiques both traditional and modern methodologies for assessing railways' economic contributions. It delves into counterfactual speculation and social savings measurement, providing a critical analysis of these approaches. Additionally, the author introduces an alternative perspective by evaluating the social rate of return on capital invested in railways, offering a comprehensive view of their impact on economic growth.