Historical influences on the pricing of rail services: the contribution of Severim de Azevedo in Portugal

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Rail services may be interpreted as related to separate and different markets, most of which, if not all, were reputed to be socially important and deserving of government attention for the positive effects on the collective welfare in the nineteenth century. Decisions on rail tariffs were a challenge for nineteenth-century companies, managers and governments. In presenting the Azevedo's resonning, this paper supports and confirms the well-known thesis that managers, railways and public works in general were the pivot points for the firm-theory establishment in a new paradigm that the twentieth century would label as 'neo-classical economics'. Following up Eugénio Rodrigues Severim de Azevedo this paper shows that theory and business empiricism were combined, because of the intrinsic relationships between demand, supply, market behavior, and management. Azevedo deserves to be praised because of his versatile educational profile as a mathematician (from an academic point of view), as a military engineer (from a professional perspective) and a manager who praised economic rationality based on marginal economics. The aim of this paper is to present historical discussion and decisions on the framework for pricing the railway services.
Original languageEnglish
Pages (from-to)464-473
JournalInternational Journal Of Management
Issue number4
Publication statusPublished - 1 Jan 2012


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