PRIVATE ENTERPRISE OR PUBLIC UTILITY? OUTPUT, PRICING AND INVESTMENT IN ENGLISH AND WELSH RAILWAYS, 1879-1914. IN: RAILWAYS. VOLUME 1

G. R. Hawke, in his "Railways and Economic Growth in England and Wales, 1840-70", provides the only estimate of efficiency and declining profitability for the railway industry. He worked out a ton-mileage series for the industry between 1870 and 1890 in the process of assessing the long-term fruitfulness of investment undertaken by the companies before 1870. The purpose of this article is to evaluate Hawke's figures critically and to use them as a starting point for some tentative suggestions about output, investment and pricing after 1870 with a hope that it might add a little to existing knowledge of the performance of the railway industry.

  • Availability:
  • Supplemental Notes:
    • Originally published in the Journal of Transport History, 3rd series, Vol. 1, no. 1 (1980), pp 9-28.
  • Corporate Authors:

    Ashgate Publishing Company

    110 Cherry Street, Suite 3-1
    Burlington, VT  United States  05401-3818
  • Authors:
    • Cain, P J
  • Publication Date: 1996

Language

  • English

Media Info

  • Features: Appendices; Figures; References; Tables;
  • Pagination: p. 57-76
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00794315
  • Record Type: Publication
  • ISBN: 1859283004
  • Files: TRIS
  • Created Date: Jun 19 2000 12:00AM