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Article: Robert C.B. Miller, Railways.com: Parallels between the Early British Railways and the ICT revolution.(book review)(Book Review)
- Article from:
- Business History
- Article date:
- April 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Frank Cass & Company Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROBERT C.B. MILLER, Railways.com: Parallels between the Early British Railways and the ICT Revolution (London: Institute of Economic Affairs, 2003. Pp. 196. ISBN 0 255 36534 9, 12.50 [pounds sterling]).
This is an interesting and stimulating book with a very witty title. The author explores similarities between the stock market booms in Victorian railways--notably the Railway Mania of 1844-45--and the recent boom in the information and communication technologies (ICT) industries. He argues that the basic similarity between them derives from the fact that both railways and telecommunications involve networks with two-way flows. Two-way networks afford economies of ...
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