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Does the Man Make the Railroad or Does the Railroad Make the Man? The Pennsylvania Railroad's Connections to Professional Management and the Failure of the Penn Central, 1920-1970
Railroad The Pennsylvania Railroad's Connections Professional Management Failure Penn Central
2010/10/11
During the 1910s and 1920s, Pennsylvania Railroad (PRR) executives experienced a managerial crisis, finding it increasingly difficult to hire, train, and promote their replacements. Throughout the nin...
Expecting the Unexpected: Networks, Markets, and the Failure of Electric Utility Restructuring in California
Networks Markets Electric Utility Restructuring
2010/10/8
In this paper, I place California’s disastrous recent experiences with market-oriented restructuring of its electric utility industry in the context of broader historical and economic themes. The hist...