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

19 interrelation of decisions which "beset the large firm and lead to rigid cumbersome bureaucratic rule - these problems O PWiA can indeed to extent be solved by a suitable application of the computer. This makes it possible to deal with problems of great complexity and many details \ :‘(*WI and ii; can therefore establish the coordination of a great * ■■ tpOft*. & h number of decisions. In principle it esa&les yob to worft effectively a controller of great complexity. All the developments just mentioned have become prominent only in the course of the last 25 years. Rather more recently atten tion has been drawn to a development which is not new but has been accelerating recently and is being 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") concerns. Their origin is manifold: On the one hand exploitation of the resources of undevelopped countries, on the other hand technical know-how combined with protectionism.in the countries of outlet. The present \ role of these concerns is based on the liberajtion of trade and payments in the industrial countries. Although their share in the manufacturing + 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 transcend that of national governments, at any rate those of the smaller industrial countries, not to speak of less developped countries where their influence is not new. The process of concentration which is dealt with in this book, has therefore reached

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