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""The Elements of Railway Economics"" is a book written by William Mitchell Acworth and first published in 1905. It is a comprehensive study of the economic principles that govern the operation of railways. The book provides a detailed analysis of the various factors that affect the profitability of railway companies, including the cost of construction and maintenance of railway infrastructure, the pricing of railway services, the impact of competition, and the role of government regulation. Acworth's work also delves into the history of railways and their evolution as a mode of transportation. He provides insights into the social and economic impact of railways on the development of modern society, and the role of railways in the growth of international trade and commerce. The book is structured in a logical and easy-to-follow manner, making it accessible to both students of economics and practitioners in the railway industry. It contains numerous examples and case studies from around the world, providing readers with a broad perspective on the subject. Overall, ""The Elements of Railway Economics"" is a seminal work in the field of transportation economics, and an essential reference for anyone interested in the history and economics of railways.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.