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Railways: Emergence and Development

In: Monopoly Control

Author

Listed:
  • Malcolm Abbott

    (Stanley College)

  • Bruce Cohen

Abstract

The most substantial public sector investment in the colonial economies in the nineteenth century was in the building of the railwaysrailways. Contrary to British practice Australia’s colonial railwaysrailways were primarily financed, constructed, and operated by governments. To a large degree much of the analysis and criticism by historians and economists, as well as support for, colonial socialismcolonial socialism has centred on the impact of the governments’ construction of railwaysSouth Australiarailways in Australia during this period. Understanding the reasons for the government development of railways is therefore important to understanding the development of government ownership of Australian public utilities.

Suggested Citation

  • Malcolm Abbott & Bruce Cohen, 2023. "Railways: Emergence and Development," Springer Books, in: Monopoly Control, chapter 0, pages 117-143, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-2726-5_6
    DOI: 10.1007/978-981-99-2726-5_6
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