Small and Big Business

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Small and Big Business: Introduction [2nd revision]

Author:: Steindl, Josef

Scope:: Typoskript, 21 Blätter, mit Hilfe von Tipp-Ex korrigierte Version

Year of publication:: 1978

Source material date:: [04.1978]

Language:: English

Note:: Das Typoskript stellt die 2. revidierte bzw. korrigierte Fassung der 1972 neu verfassten Einleitung zu "Small and Big Business" (1945) dar. Vermutlich zwecks der spanischen Ausgabe des Buches verfasst.

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.3.11

Rights of use:: Free access In Copyright

Access:: Free access

DOI:: https://doi.org/10.48671/nls.js.AC14446394

20 All the developments just mentioned have become prominent only in the course of the last 25 years. Rather more recently attention 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. 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 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 a new and higher stage. At the same time there has been a complete volte face in the awowed policies of national governments with regard to amalgamations and large concerns. Whereas formerly these were officially blamed for their monopolistic practices, and mono poly legislation was still being introduced in European countries in the 1950'ies (its practical effectiveness may

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