I dealt with this subject in  
  
Perelman, Michael. 1994. "Fixed Capital, Railroad Economics and the   
Critique of the Market in the United States." _Journal of Economic   
Perspectives_, Vol. 8, No. 3 (Summer): pp. 189=E2=80=9195.  
  
I elaborate on this subject in a forthcoming book:  
  
_Railroading Economics: The Creation of the Free Market Mythology_ (NY:   
Monthly Review Press, January 2006).  
  
--   
  
Michael Perelman