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Business Economics

, Volume 54, Issue 2, pp 145–147 | Cite as

Big is Beautiful: debunking the myth of small business, by Robert D. Atkinson and Michael Lind

  • Ryan A. DeckerEmail author
Book Review

It is a common sentiment: “Small businesses are the engine of job creation and innovation.” A host of policies have accordingly been designed to assist small firms, ranging from credit allocation efforts to size-based environmental regulations. But the sentiment is inaccurate; the job creation and innovation patterns of small businesses are, at best, more complicated than the conventional wisdom would suggest. Economists have articulated a more nuanced view in academic journals for years. In Big is Beautiful, Robert D. Atkinson and Michael Lind abandon academic nuances firmly to take the opposite position: Big business is the source of growth and innovation, and policy should be reformed accordingly.

The book’s timing is felicitous: Parts of the economics profession and its observers have recently become more intensely concerned about rising concentration of the U.S. economic activity within just a few mega firms. In 2016, the White House Council of Economic Advisers (CEA) released a...

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Copyright information

© This is a U.S. government work and not under copyright protection in the U.S.; foreign copyright protection may apply 2019

Authors and Affiliations

  1. 1.Board of Governors of the Federal Reserve SystemWashingtonUSA

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