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Books > Business & Economics > Industry & industrial studies > Transport industries
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The Economics of Railroad Safety (Hardcover, 1998 ed.)
Loot Price: R4,371
Discovery Miles 43 710
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The Economics of Railroad Safety (Hardcover, 1998 ed.)
Series: Transportation Research, Economics and Policy
Expected to ship within 10 - 15 working days
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The American public has a fascination with railroad wrecks that
goes back a long way. One hundred years ago, staged railroad
accidents were popular events. At the Iowa State fair in 1896,
89,000 people paid $20 each, at current prices, to see two trains,
throttles wide open, collide with each other. "Head-on Joe"
Connolly made a business out of "cornfield meets" holding
seventy-three events in thirty-six years. Picture books of train
wrecks do good business presumably because a train wreck can
guarantee a spectacular destruction of property without the messy
loss of life associated with aircraft accidents. A "train wreck"
has also entered the popular vocabulary in a most unusual way. When
political manoeuvering leads to failure to pass the federal budget,
and a shutdown is likely of government services, this is widely
called a "train wreck. " In business and team sports, bumbling and
lack of coordination leading to a spectacular and public failure to
perform is also called "causing a train wreck. " A person or
organization who is disorganized may be labelled a "train wreck. "
It is therefore not surprising that the public perception of the
safety of railroads centers on images of twisted metal and burning
tank cars, and a general feeling that these events occur quite
often. After a series of railroad accidents, such as occurred in
the winter of 1996 or the summer of 1997, there are inevitable
calls that government "should do something.
General
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