Small and Big Business

Steindl, Josef

Bibliographic data

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Small and Big Business: Introduction [1st revision]

Author:: Steindl, Josef

Scope:: Typoskript, Durchschlag, 21 Blätter, mit zahlreichen handschriftlichen Korrekturen und Anmerkungen

Year of publication:: 1978

Source material date:: [04.1978]

Language:: English

Description:: Several decades after the first publication of this little book I do not find myself in full agreement with everything it contains. Since I have no time to re-write it completely I better leave it as it stands and try to explainin the following what amendemnts I should have liked to make. (Auszug, S. 1)

Note:: Das Typoskript beinhaltet die erste umfangreiche Überarbeitung der 1972 neu verfassten Einleitung zu "Small and Big Business" (1945) vermutlich zwecks der spanischen Ausgabe des Buches.

Related work:: Steindl, Josef: Economic Papers 1941-88. London: Macmillan, 1990 Steindl, Josef: Small and Big Business. Economic Problems of the Size of Firms. Oxford: Blackwell, 1945

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.3.9

Access:: Free access

2 In the lower size 'geeaips* the increase is general and can easily he explained hy the fact that with increasing size hiring is replaced hy ownership of buildings, shops, plantj premises etc. oust as purchase of transport services etc. is sometimes replaced hy ownership of the means of production. By stretching the term a little, all this can also he regarded as vertical integration. As far as production technique as such is concerned there is now a large amount of evidence, especially engineering data, to show that with increasing scale of production the capital- coefficient decreases^} In fact oaly application of the principle of large scale economies which operates in the production of the equipment no less than in its operation, and frequently even more so. Hore particularly, it is due to d' the “economies of dimension "s If the surface area of^con tainer &isai (related to the cost) increases with the square of a certain factor,the volume (related to capacity) increases with the cube of this factor. As a consequence the cost of » equipment K is given hy K. » a x b 2 )por example B. jWeintrauh; Effects of Current and Prospective Technological Developments upon Capital Formation. American Economic Review, Supplement, March 1959* J.S, Bain: Barriers to New Competition. Cambridge Mass. 1956. C.F. Pratton: Economies of Scale in Manufacturing Industry. Cambridge University Press, 1971. I J, Haldi and D. Whitcomb.; Economies of Scale in Industrial I Plants. The Journal of Political Economy. Aug. 1967* 1 i

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