MYTH AND RATIONALITY IN MANAGEMENT DECISION-MAKING: THE EVOLUTION OF AMERICAN RAILROAD PRODUCT COSTING, 1870-1970. IN: RAILWAYS. VOLUME 1

This article reviews Chandler's 'The Visible Hand' with an argument that the railroads' cost accounting practices left a lot to be desired. The reasoning provided is that while the array of statistics indicates sophistication, managers who used them were wrong to assume that the greater part of railroad costs was fixed and did not vary significantly with levels of service provision.

  • Availability:
  • Supplemental Notes:
    • Originally published in the Journal of Transport History, 3rd series, Vol. 12, no. 1 (1991), pp 1-10.
  • Corporate Authors:

    Ashgate Publishing Company

    110 Cherry Street, Suite 3-1
    Burlington, VT  United States  05401-3818
  • Authors:
    • Thompson, G L
  • Publication Date: 1996

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00794321
  • Record Type: Publication
  • ISBN: 1859283004
  • Files: TRIS
  • Created Date: Jun 19 2000 12:00AM