The Railways, the Market and the Government
Professor Patrick Messerlin plots an economic future for the EU.
A new analysis of the relationship between tax, consent and the tyranny of the majority
An incisive analysis of the future of the railways
The authors of this monograph examine privatisation in the context of the long history of continual government intervention. The government imposed upon the industry a particular structure – separation of track and wheel. It also wrapped it up in increasing amounts of regulation.
After examining the history of government intervention in the railways and the privatisation process, the authors of this monograph then examine the future of railway policy. Should the industry be allowed to evolve its own structure – remerging the ownership of track and wheel if it wishes? What aspects of a railway should be regulated? Who should own the various parts of the infrastructure?
This monograph is essential reading for all with an interest in railway policy and the process of privatisation.
You may also wish to read The New Rural Economy: Change, Dynamism and Government Policy by Professor Berkeley Hill et al; The Dangers of Bus Re-regulation by Professor John Hibbs or railway.com: Parallels between the early British railways and the ICT revolution by Robert C B Miller.
2006, Readings 61, ISBN 978 0 255 36567 3, 243pp, PB