Natural Principles Regulating Railway Rates Classic Reprint

Natural Principles Regulating Railway Rates (Classic Reprint)

Paperback. Condición: New. Print on Demand. This book explores the principles regulating railroad rates in the United States and Europe, arguing that state control has historically inhibited the investment of capital in new lines, leading to higher rates of transportation. The author, an experienced railroad manager, asserts that rates are naturally regulated by the forces of supply and demand and competition between rail and water routes and markets. The author applies these principles to various forms of discrimination in rates, arguing that while some discriminations favor persons, places, or things, they are generally based on differences in the cost of service or the volume of traffic. The author concludes that to prohibit these discriminations would also prohibit competition, leading to higher rates and reduced traffic, ultimately harming consumers and the economy. This book offers valuable insights into the complex factors that determine railroad rates, emphasizing the importance of free-market principles in regulating transportation costs. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781334471193_0

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