Irrational optimism in a declining industry: Sir Adam Beck’s interurban railway proposal

  title={Irrational optimism in a declining industry: Sir Adam Beck’s interurban railway proposal},
  author={Marc S. Mentzer},
  journal={Management \& Organizational History},
  pages={371 - 384}
  • M. Mentzer
  • Published 1 November 2006
  • Economics
  • Management & Organizational History
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 in southern Ontario. Such ‘interurbans,’ often referred to as ‘radials’ in Ontario, were essentially long-distance trolleys and would have been entirely separate from conventional railways. Beck failed to recognize that the interurban industry was already in a state of decline by 1920, and the resulting controversy pit Beck against Ernest… 
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