Irrational Optimism in a Declining Industry: Sir Adam Beck's Interurban Railway Proposal
Date
2004
Authors
Mentzer, Marc S.
Journal Title
Journal ISSN
Volume Title
Publisher
Administrative Sciences Association of Canada
ORCID
Type
Conference Proceeding and Abstract
Degree Level
Abstract
Sir Adam Beck, best known for his advocacy of publicly owned electric utilities, in 1920 sought to build a network of electric interurban railways, essentially long-distance trolleys, in southern Ontario. Beck’s proposal illustrates the phenomenon of irrationally optimistic responses to decline of an industry.
Description
Keywords
Interurban railways, Radials, Organizational decline
Citation
Mentzer, Marc S., 2004. "Irrational Optimism in a Declining Industry: Sir Adam Beck’s Interurban Railway Proposal." Proceedings: Administrative Sciences Association of Canada, 25, Quebec.