Increasing returns to scale and the prospects of small‐scale enterprises

Abstract

It is a common misunderstanding that nineteenth‐century German economics rejected Ricardo and his thought. However, Ricardo exercised a strong influence on German views on production and distribution. In particular he influenced Wilhelm Roscher. Argues that Roscher in turn exercised a considerable influence on the work of Karl Marx. Analyses the aspects of Roscher′s work which were particularly influenced by Ricardo, and those where Roscher went beyond Ricardo, his notion of a macroeconomic production function; increasing returns to scale; and the role of small firms.

Citation

Streissler, E.W. (1995), "Increasing returns to scale and the prospects of small‐scale enterprises", Journal of Economic Studies, Vol. 22 No. 3/4/5, pp. 16-25. https://doi.org/10.1108/EUM0000000003973