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Focusing on the evolution of transport history, this book critiques both traditional and contemporary methods for evaluating the economic impact of railways. It delves into counterfactual speculation and social savings measurements while proposing an alternative approach through the social rate of return on capital invested in railways. The comprehensive analysis offers insights into how railways contributed to economic growth, providing a critical perspective on various assessment techniques.
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The New Economic History of the Railways (Routledge Revivals), Patrick O'Brien
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- Année de publication
- 2014
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