railway.com: Parallels Between the Early British Railways and the ICT Revolution

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9780255365345: railway.com: Parallels Between the Early British Railways and the ICT Revolution

The teaching of economic history is in decline in our schools and universities. Yet much can be learned from the analysis of historical economic events. In railway.com Robert Miller combines such analysis with an explanation of the technological developments in order to draw parallels between the early British railways and the ICT revolution. Study of the former enables us to understand likely trends in the latter. Furthermore, a number of important policy implications can be drawn from the study of the economic history of both events. Robert Miller shows too how stock market bubbles do not necessarily lead to economic losses. The use of central planning for allocating capital in network development has simply led to technological networks being under-provided. The author also considers the issues of technology 'lock in' and examines how markets, even in apparently unsophisticated economies, can solve complex resource allocation problems.

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Robert C. B. Miller
Published by Institute of Economic Affairs, United Kingdom (2003)
ISBN 10: 0255365349 ISBN 13: 9780255365345
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Book Description Institute of Economic Affairs, United Kingdom, 2003. Hardback. Book Condition: New. Language: English . Brand New Book. The teaching of economic history is in decline in our schools and universities. Yet much can be learned from the analysis of historical economic events. In Robert Miller combines such analysis with an explanation of the technological developments in order to draw parallels between the early British railways and the ICT revolution. Study of the former enables us to understand likely trends in the latter. Furthermore, a number of important policy implications can be drawn from the study of the economic history of both events. Robert Miller shows too how stock market bubbles do not necessarily lead to economic losses. The use of central planning for allocating capital in network development has simply led to technological networks being under-provided. The author also considers the issues of technology lock in and examines how markets, even in apparently unsophisticated economies, can solve complex resource allocation problems. Bookseller Inventory # AAR9780255365345

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Robert C. B. Miller
Published by Institute of Economic Affairs, United Kingdom (2003)
ISBN 10: 0255365349 ISBN 13: 9780255365345
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Book Description Institute of Economic Affairs, United Kingdom, 2003. Hardback. Book Condition: New. Language: English . Brand New Book. The teaching of economic history is in decline in our schools and universities. Yet much can be learned from the analysis of historical economic events. In Robert Miller combines such analysis with an explanation of the technological developments in order to draw parallels between the early British railways and the ICT revolution. Study of the former enables us to understand likely trends in the latter. Furthermore, a number of important policy implications can be drawn from the study of the economic history of both events. Robert Miller shows too how stock market bubbles do not necessarily lead to economic losses. The use of central planning for allocating capital in network development has simply led to technological networks being under-provided. The author also considers the issues of technology lock in and examines how markets, even in apparently unsophisticated economies, can solve complex resource allocation problems. Bookseller Inventory # AAR9780255365345

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Book Description Institute of Economic Affairs, 2003. HRD. Book Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Bookseller Inventory # CW-9780255365345

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Book Description Institute of Economic Affairs, 2003. Paperback. Book Condition: Brand New. 96 pages. In Stock. Bookseller Inventory # __0255365349

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