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

Rights of use:: Free access In Copyright

Access:: Free access

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

2 In the lower size classes the increase is general and can easily be explained by the fact that with increasing size hiring is replaced by ownership of buildings, shops, plant, premises etc. just as purchase of transport services etc. is sometimes replaced by ownership of the means of production. By stretching the term a little, all this can also be 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- 2) coefficient decreases. In fact this is only an application of the principle of large scale economies which operates in the production of the equipment no less than it its operation, and frequently even more so. More particularly, it is due to the "economies of dimension": If the surface area of a con tainer (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 by K » a x b 2) For example D. Wintraub; Effects of Current and Prospective Technological Developments upon Capital Formation, American Economic Review, Supplement, March 1939. J.S. Bain: Barriers to Mew Competition. Cambridge Mass.1956. C.F, Prat ton; Economies of Scale in Manufacturing Industry. Cambridge University Press. 1971. J. Haldi and D. Whitcomb; Economies of Scale in Industrial Plants. The Journal of Political Economy, Aug, 1967.

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