Revised And Enlarged Ed of the Science of Railways volume 8
Revised And Enlarged Ed of the Science of Railways volume 8
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In our eReader you can find the full English version of the book. Read Revised And Enlarged Ed of the Science of Railways volume 8 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Revised And Enlarged Ed of the Science of Railways volume 8
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The question is asked again and again, how far does the law of political economy apply to railroads ? How far does the law of supply and demand govern ? In the end, absolutely. But for the moment it may be modified, -to the extent that railroads are built in advance of their needs, because of donations of money, lands, credits, rights, privileges, immuni- ties, franchises, or otherwise. * The rule that a thing- will not be created until it is needed, or beyond its need, does not apply in such c...ases. Wherever artificial stimulants are applied, artificial enter- prises will grow up. It is to the aid extended that we owe largely over-production in railroads. Wherever special inducements are held out, they are certain to encourage enterprises in advance of their needs. And in so far as this is the case, the law of trade, that the supply of a thing will be based on the demand, is modified. The abeyance is only momentary, however. Railroads quickly * Under the last-named head I embrace the use of surplus reve- nue of one line to build lines that would not otherwise be con- structed.
What to read after Revised And Enlarged Ed of the Science of Railways volume 8?
You can find similar books in the "Read Also" column, or choose other free books by Marshall Monroe Kirkman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The question is asked again and again, how far does the law of political economy apply to railroads ? How far does the law of supply and demand govern ? In the end, absolutely. But for the moment it may be modified, -to the extent that railroads are built in advance of their needs, because of donations of money, lands, credits, rights, privileges, immuni- ties, franchises, or otherwise. * The rule that a thing- will not be created until it is needed, or beyond its need, does not apply in such c...ases. Wherever artificial stimulants are applied, artificial enter- prises will grow up. It is to the aid extended that we owe largely over-production in railroads. Wherever special inducements are held out, they are certain to encourage enterprises in advance of their needs. And in so far as this is the case, the law of trade, that the supply of a thing will be based on the demand, is modified. The abeyance is only momentary, however. Railroads quickly * Under the last-named head I embrace the use of surplus reve- nue of one line to build lines that would not otherwise be con- structed.
What to read after Revised And Enlarged Ed of the Science of Railways volume 8?
You can find similar books in the "Read Also" column, or choose other free books by Marshall Monroe Kirkman to read onlineMoreLess
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