This survey reviews research on the economics of small business,
introducing key concepts for the understanding of the research,
including some basic microeconomics, distribution functions, and
concepts of entrepreneurship. Accessible to readers with elementary
knowledge of economics and probability, the book is suitable as a text
for an undergraduate course in the economics of small business. It also
covers the economics of organization, the role of the family in small
business, human capital and nonpecuniary motivation, together with the
relationship of small business to entrepreneurship and growth. Public
policy toward small business is discussed with an emphasis on the United
States, together with comparisons and contrasts of many other countries.