Economics of Small Firms

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In recent years, the economic analysis of new and small firms has grown rapidly. As a result, the theoretical and empirical literature is now extensive. The sheer scale and technical nature of this literature means that much of it is beyond the reach of the substantial numbers of students at both undergraduate and postgraduate levels who are now taking courses in business and management and related subjects.

This important new text provides a condensed but rounded introduction to small business economics for those who may have only an elementary knowledge of economics. Economics, alongside other disciplines and interacting with them, has some important insights to offer and it is in this context that The Economics of Small Firms examines the formation, survival, growth and financing of small businesses, spatial variations in business formation, the economic role of small businesses and key policy issues. It will be an essential purchase for anybody studying business and management and eager for an accessible and engaging overview of economics and entrepreneurship and small business.

About the Author:
Peter Johnson is Emeritus Professor of Business Economics at Durham University

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Editorial Reviews

From the Publisher
'Peter Johnson's wealth of experience in analysing small firms through an economics lens shines through in this book. It focuses on the key issues, cutting through the swathes of irrelevance that so often characterise entrepreneurship books, so as to produce a clear, crisp and accessible read for students and researchers alike.' - David Storey, Associate Dean Research & Director of Enterprise Group, Centre for Small and Medium Sized Enterprises, Warwick Business School, The University of Warwick

'Peter Johnson, a pioneering researcher of the economics of small firms, has taken the disparate and largely technical economics literature on entrepreneurship and transformed it into an accessible synthesis that highlights its wider relevance. This much needed book provides undergraduates, policy makers, and practitioners with a rare opportunity to gain a solid perspective of the insights of economics research on small firms from a single source.' - Professor Andrew Burke, Director of the Bettany Centre for Entrepreneurial Performance & Economics, Cranfield School of Management

'This is an excellent book. The author Professor Peter Johnson has had a distinguished teaching and research career in the area of new and small firms and he has put his expertise to good use in this book... that should be essential reading in regional economics, and firms and industry courses and for anyone interested in understanding the behaviour and performance of small firms.' - Professor Brian Ashcroft, University of Strathclyde, UK

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Product Details

  • ISBN-13: 9780415393379
  • Publisher: Taylor & Francis
  • Publication date: 5/28/2007
  • Pages: 176
  • Product dimensions: 6.30 (w) x 9.20 (h) x 0.60 (d)

Table of Contents

1. Introduction 2. Why Study Small Firms? 3. The Entrepreneurial Function 4. Setting Up in Business 5. Variations in Formation Activity 6. Survival and Growth 7. The Economic Role of Small Firms 8. Finance 9. Issues in Policy 10. Some Implications for Small Business Management

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