The World's First Railway System: Enterprise, Competition, and Regulation on the Railway Network in Victorian Britain

Casson, Mark

Published by Oxford University Press 2009-11-09, 2009
ISBN 10: 0199213976 / ISBN 13: 9780199213979
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0199213976 Very Good Condition and Unread! Text is clean and unmarked! Light shelf wear to dust jacket from storage. Has a small black line on bottom/exterior edge of pages. Tracking is not available for orders shipped outside of the United States. **Heavier books will require additional postage for International** PA Sales Tax is included in purchase price. Bookseller Inventory #

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Synopsis: The British railway network was a monument to Victorian private enterprise. Its masterpieces of civil engineering were emulated around the world. But its performance was controversial: praised for promoting a high density of lines, it was also criticised for wasteful duplication of routes.

This is the first history of the British railway system written from a modern economic perspective. It uses conterfactual analysis to construct an alternaive network to represent the most efficient alternative rail network that could have been constructed given what was known at the time - the first time this has been done. It reveals how weaknesses in regulation and defects in government policy resulted in enormous inefficiency in the Victorian system that Britain lives with today.

British railway companies developed into powerful regional monopolies, which then contested each other's territories. When denied access to existing lines in rival territories, they built duplicate lines instead. Plans for an integrated national system, sponsored by William Gladstone, were blocked by Members of Parliament because of a perceived conflict with the local interests they represented. Each town wanted more railways than its neighbours, and so too many lines were built. The costs of these surplus lines led ultimately to higher fares and freight charges, which impaired the performance of the economy.

The book will be the definitive source of reference for those interested in the economic history of the British railway system. It makes use of a major new historical source, deposited railway plans, integrates transport and local history through its regional analysis of the railway system, and provides a comprehensive, classified bibliography.

About the Author:
Mark Casson is Professor of Economics at the University of Reading, Director of the Centre for Institutional Performance, Leverhulme Major Research Fellow in the Economics of Networks 2006-9), President of the Association of Business Historians (2007-9), and Chairman of the Business Enterprise Heritage Trust. His previous books include Information and Organization (1997), The Entrepreneur: An Economic Theory (new ed., 2003) and The Future of the Multinational Enterprise (with Peter Buckley) (new ed., 2004). He is co-editor of The Oxford Handbook of Entrepreneurship (OUP, 2006).

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Bibliographic Details

Title: The World's First Railway System: Enterprise...
Publisher: Oxford University Press 2009-11-09
Publication Date: 2009
Binding: Hardcover
Book Condition: Very Good
Edition: 1.

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Book Description Oxford University Press, 2009. Hardcover. Book Condition: Near Fine. Dust Jacket Condition: Near Fine. 1st Edition. Published by Oxford University Press in 2009, this is the first hardback printing of Mark Casson's THE WORLD'S FIRST RAILWAY SYSTEM: Enterprise, Competition, and Regulation on the Railway Network in Victorian Britain. 523 pages, black and gilt cloth binding, the book and dust jacket are in a near fine condition. Bookseller Inventory # 2691

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Book Description Oxford University Press, 2009. Hardcover, illus. Book Condition: New. Dust Jacket Condition: Fine+. First Edition; First Printing. Book New. NO notes. No markings of ANY kind. DJ with only minor wear at spine head else Very Fine. DJ unclipped, not priced. ; Ships in a box, USA ; 523 pages. Bookseller Inventory # 60099

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Book Description Oxford University Press, United Kingdom, 2009. Hardback. Book Condition: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. The British railway network was a monument to Victorian private enterprise. Its masterpieces of civil engineering were emulated around the world. But its performance was controversial: praised for promoting a high density of lines, it was also criticised for wasteful duplication of routes. This is the first history of the British railway system written from a modern economic perspective. It uses conterfactual analysis to construct an alternaive network to represent the most efficient alternative rail network that could have been constructed given what was known at the time - the first time this has been done. It reveals how weaknesses in regulation and defects in government policy resulted in enormous inefficiency in the Victorian system that Britain lives with today. British railway companies developed into powerful regional monopolies, which then contested each other s territories. When denied access to existing lines in rival territories, they built duplicate lines instead. Plans for an integrated national system, sponsored by William Gladstone, were blocked by Members of Parliament because of a perceived conflict with the local interests they represented. Each town wanted more railways than its neighbours, and so too many lines were built. The costs of these surplus lines led ultimately to higher fares and freight charges, which impaired the performance of the economy. The book will be the definitive source of reference for those interested in the economic history of the British railway system. It makes use of a major new historical source, deposited railway plans, integrates transport and local history through its regional analysis of the railway system, and provides a comprehensive, classified bibliography. Bookseller Inventory # BTE9780199213979

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Book Description Oxford University Press, United Kingdom, 2009. Hardback. Book Condition: New. Language: English . Brand New Book ***** Print on Demand *****. The British railway network was a monument to Victorian private enterprise. Its masterpieces of civil engineering were emulated around the world. But its performance was controversial: praised for promoting a high density of lines, it was also criticised for wasteful duplication of routes. This is the first history of the British railway system written from a modern economic perspective. It uses conterfactual analysis to construct an alternaive network to represent the most efficient alternative rail network that could have been constructed given what was known at the time - the first time this has been done. It reveals how weaknesses in regulation and defects in government policy resulted in enormous inefficiency in the Victorian system that Britain lives with today. British railway companies developed into powerful regional monopolies, which then contested each other s territories. When denied access to existing lines in rival territories, they built duplicate lines instead. Plans for an integrated national system, sponsored by William Gladstone, were blocked by Members of Parliament because of a perceived conflict with the local interests they represented. Each town wanted more railways than its neighbours, and so too many lines were built. The costs of these surplus lines led ultimately to higher fares and freight charges, which impaired the performance of the economy. The book will be the definitive source of reference for those interested in the economic history of the British railway system. It makes use of a major new historical source, deposited railway plans, integrates transport and local history through its regional analysis of the railway system, and provides a comprehensive, classified bibliography. Bookseller Inventory # APC9780199213979

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