Industrial Economics
The Darlington Bus War is widely discussed in the topic of Industrial Economics after being publicized by the highly regarded micro-economist Daniel McMahon. It serves as the perfect example to demonstrate the effect of price wars and also incorporates the debate on Nationalization vs Privatization. The Darlington Bus War has arguably been the focus of his research as demonstrated in his 2009 article Global Crises and Darlington's Bus War.
Read more about this topic: Darlington Bus War
Famous quotes containing the words industrial and/or economics:
“The Settlement ... is an experimental effort to aid in the solution of the social and industrial problems which are engendered by the modern conditions of life in a great city. It insists that these problems are not confined to any one portion of the city. It is an attempt to relieve, at the same time, the overaccumulation at one end of society and the destitution at the other ...”
—Jane Addams (18601935)
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (18941961)