Introduction

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Introduction: A revised introduction to "Small and Big Business"

Author:: Steindl, Josef

Scope:: Typoskript, 20 Blätter

Year of publication:: 1972

Source material date:: [04.1972]

Language:: English

Note:: Beim Typoskript handelt es sich um eine neu verfasste Einleitung zum Buch "Small and Big Business" (1945) vermutlich zwecks der italienischen, spanischen oder portugiesischen Ausgabe des Buches.

Topic:: Firm and market structure

JEL Classification:: D24 [Production, Cost, Capital, Capital, Total Factor, and Multifactor Productivity, Capacity] D43 [Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection] L11 [Production, Pricing, and Market Structure, Size Distribution of Firms]

Shelfmark:: S/M.3.7

DOI:: https://doi.org/10.48671/nls.js.AC14446127

recognized more and more as one of the most pregnant changes in our time: It is the growing power and influence of the international (or "multi-national' 1 ) concerns. Their origin is manifold: On the one hand exploitation of the resources of undeveloped countries, on the other hand technical know-how combined with protectionism. The present role of these concerns is based on the liberalization of trade and payments in the industrial countries. Although their share in the manufacturing and mining industries of industrial countries is usually less than twenty percent, this share is bound to grow quickly because the multi-national concerns grow faster than the rest of industry in many countries. The power of these concerns threatens to trans cend that of national governments, at any rate those of the smaller industrial countries, not to speak of less developed countries where their influence is not new. The process of concentration which is dealt with in this book, has therefore reached a new and higher stage. At the same time there has been a complete volte face in the avowed policies of national governments with regard to amalgamations and large concerns. Whereas formerly these were officially blamed for their monopolistic practices, and monopoly legislation was still being introduced in European countries in the 1950*s (its practical effectiveness may have been small or even nil), in the last ten years the official aim of European governments was to foster amalgamation and the formation of large business units, because it was believed that only these large units on account of their superiority especially in matters of research and development and sales organization could stand up to the competition of the large American business units. Broadly speaking, it would seem that the tendencies dealt with in this book have not ceased to operate, and that they are even operating on a higher - a multi-national instead of merely a national - level. Josef Steindl April 1972

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