Max return to capital
This economic theory matured into modern form with railroads. To keep speculators from from wrecking capital-intensive railroads, boards had to press for a high return to investors so that that they would not sell. Rail operations also pioneered strong influence from capital market demands.
Immediately related elementsHow this works
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Compression Thinking »Compression Thinking
Compression vs. Expansion Thinking »Compression vs. Expansion Thinking
Expansion Economics »Expansion Economics
History - how did we get this way? »History - how did we get this way?
Railroad Influence Lingers »Railroad Influence Lingers
Max return to capital
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