Small and Big Business

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Small and Big Business: Introduction [carbon copy of the 2nd revision]

Author:: Steindl, Josef

Scope:: Typoskript, Durchschlag, 21 Blätter, mit handschriftlichen Korrekturen

Year of publication:: 1978

Source material date:: [04.1978]

Note:: Das Typoskript stellt die zweite Überarbeitung der 1972 neu verfassten Einleitung zu "Small and Big Business" (1945) vermutlich zwecks der spanischen Ausgabe des Buches dar. Die erste Seite enthält mit Bleistift festgehaltenen Seitenangaben, wo Korrekturen vorgenommen wurden.

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.3.10

Use and reproduction license:: In Copyright

Access:: Free access

DOI:: https://doi.org/10.48671/nls.js.AC14446393

12 reasons that it will rise again or that it would if such methods were ever used. This increasing application of more units of capital per unit of labour is, however, constrained to a path of increasing scale of output capacity; A reasonable capital-intensification is in general not possible without an increase in output capacity* This is because the intro duction of machines, apparatus etc. immediately brings into sight dimensional economies which make the smaller scale inefficient. (It may nevertheless have to be chosen by firms without sufficient funds.) Further, the use of continuous processes increases the technically possible utilization and therefore output scale (broad strip mill, continuous versus batch processes). This phth of capital intensification can be regarded as a historical path - perhaps we might say a historically necessary path - because the development has really proceeded like that. In so far as the techniques of the past are preserved in existing equipment, the path, however, is also mirrored to a degree in a cross-section of present plant, albeit with some modifications: In the course of evolution, price-cost relations are brought down so that the capital-output ratio for the advanced methods is increased. At the same time the old fashioned methods keep alive only by changing their output (special dimensions and qualities made in small batches, for example); this will prevent the output-capital relation from declining for the more old fashdoned firms (who could not exist if it would decline).

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