“…Metarules; mission or goals; culture, beliefs, values and norms. One expectation of a privatized organization is that its metarules will switch from a political or public interest emphasis to a commercial one (Parker, 1995a). Following Kikulis et al (1995), we adopt sector‐specific descriptors or typologies (Gouldner, 1954) for the interpretive schemes, particularly the metarules, characterizing the decades with the descriptors ‘social railway’, ‘business railway’, and ‘profitable business’ to plot this shift in emphasis.…”