Advertising matter interspersed.

The past decade has seen both some new trends in the economics of transportation and the reinforcement of work from previous periods. Econometrics and innovative programming techniques have developed the work on production efficiency and interest in demand analysis has continued. Of increasing importance in recent years are the environmental implications of transportation as well as safety and security concerns. Economists are also addressing the problems of congestion with particular regard to new policy initiatives which tie transportation more closely to land-use patterns and telecommunications. In this volume Kenneth Button brings together some of the most significant previously published articles by leading academics in all these crucial areas.

New Scientist magazine was launched in 1956 "for all those men and women who are interested in scientific discovery, and in its industrial, commercial and social consequences". The brand's mission is no different today - for its consumers, New Scientist reports, explores and interprets the results of human endeavour set in the context of society and culture.

Covering issues ranging from rail's position in the transport market to track design and train dynamics, this updated and revised edition provides a concise and useful synopsis of current railway technology and scientific analysis.

In a series of focused, thematic essays, the book examines railways as the first modern big businesses in Britain and the United States.