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 [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]

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 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.

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.3.10

Access:: Free access

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 raining 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 stèli being introduced in European countries in the 1950*ies (its practical effectiveness may

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