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Economics Of Transportation by Locklin 1935 First Edition Hard Cover
Economics Of Transportation by Locklin Hard Cover 1935 788 pages
THIS book is a study of the economic aspects of transportation. By 'economic aspects" we refer not only to the internal economic
characteristics of the industry out of which so many problems have arisen, but also to the broader relationship between the transportation industry and the economic life of present-day society.
Because of this emphasis there has been an effort to reduce to a minimum the material which is purely descriptive of our transportation system, while the economic questions and problems that have arisen are given extended treatment and analysis. It has been necessary to limit the scope of the book by confining it to the transportation problem in the United States, and to exclude so far as possible such problems as relate to passenger traffic.
Emphasis upon economic aspects of transportation explains the inclusion of two chapters which are not ordinarily found in treatises on transportation, namely, a chapter on the relation of freight rates to prices, and a chapter on the relation of freight rates to the location of industry.
A substantial portion of this book is devoted to problems of rate-making. If the book makes any distinct contribution of new material on the subject of freight rates, this will be found in the chapters which develop the policies of the Interstate Commerce Commission in regulating rates under the Interstate Commerce Act. It is high time that the more important principles recognized by the Interstate Commerce Commission in regulating rates on particular commodities and between particular points should be understood. Definite principles and policies are discernible in the Commission's decisions. even if some inconsistencies appear. With the exception of the Commission's policy under Section 4 these have received little attention from economists. There is some discussion of these matters in legal treatises but they are wanting in economic analysis.
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