|
Elements Of Railway Economics, The By Sir William Acworth New edition revised
The Elements Of Railway Economics By Sir William Acworth New edition revised & enlarged 1924 Hard Cover with damaged dust jacket. 216 pages.
ALMOST twenty years have elapsed since this book was first published. It has been reprinted several times ; and recently, owing to the much larger number of railwaymen who at the outset of their career attend regular courses of lectures, the demand for it has greatly increased. So it evidently still meets a real need. But it has never been revised ; and the form of the accounts and the statistics, inserted as illustrative of the economic argument, are quite out of date. And whereas twenty years ago it was necessary to go to other countries for these illustrations, we now, thanks to the energy of Sir Eric Geddes during his too brief sojourn at the Ministry of Transport, have sufficient accounts and statistics of our own. Moreover, there has been a revolution in the railway world since 1914. The seven years ' possession ' by the Government ; the Ministry of Transport Act of 1919 ; the Railways Act of 1921 ; the great Amalgamations of 1921 and 1922 ; the establishment of the Rates Tribunal and of the Central and National Wages Boards-these all, as long as English railways last, will stand out as landmarks in their history.
If the book was to continue to serve its purpose, it needed to be revised throughout. This task I should never have attempted, had not Mr. W. T. Stephenson, who as Lecturer for many years at the London School of Economics has had a unique experience of the needs of students of all standards, from young clerks up to consuls and Army Staff Officers and post-graduate students from all over the world, given me his invaluable and ungrudging help.
In this new edition the text of the economic argument remains broadly unchanged, though the form of certain statements which have given rise to misunderstandings has been altered ; but the facts have been brought up to date and the illustrations are drawn from the most recent experience. Two new chapters, dealing with the war period and the sweeping changes following upon it, have been added. The final chapter on Passenger Traffic is also new.
The day of the old railwaymen, with their purely practical training and their rule-of-thumb methods, has passed. Railway undertakings are to-day organized on so vast a scale that their management is beyond the grasp of the practical man. Millions of money can be saved on English railways, for the benefit partly of the shareholders, but in much larger degree of the community at large, if the rising railwaymen of the present and the immediate future can be taught to establish and to justify their practice on the basis of sound economic theory, continuously checking the application of theory by familiarity with that which has been done or is being done or attempted in other places outside the range of their own possible individual experience. The knowledge that this little book continues to help to this end will be sufficient reward for the labour involved in its revision.
All pictures are of the actual item. If this is a railroad item, this material is obsolete and no longer in use by the railroad. Please email with questions. Publishers of Train Shed Cyclopedias and Stephans Railroad Directories. Large inventory of railroad books and magazines. Thank you for buying from us.
Shipping charges
Postage rates quoted are for shipments to the US only. Ebay Global shipping charges are shown. These items are shipped to Kentucky and then ebay ships them to you. Ebay collects the shipping and customs / import fees. For direct postage rates to these countries, send me an email. Shipping to Canada and other countries varies by weight.
Payment options
Payment must be received within 10 days. Paypal is accepted.
Terms and conditions
All sales are final. Returns accepted if item is not as described. Contact us first. No warranty is stated or implied. Please e-mail us with any questions before bidding.
Thanks for looking at our items.
| 
