ENTREPRENEURIAL CAPITALISM. PAST, PRESENT AND PERSPECTIVES

Cristina Elena Paguba
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Cristina Elena Paguba: Babes-Bolyai University, Cluj-Napoca

Revista Economica, 2013, vol. 65, issue 3, 154-168

Abstract: Until now, the capitalist system proved to be the most efficient one from an economic, technological, and social perspective. The purest form of capitalism is entrepreneurial capitalism, where small and medium enterprises play the leading role. In a post crises economy, SMEs seem to be the key element in ensuring the economic recovery of nations worldwide. Thus, Governments try to adapt the market to the SMEs needs and help them develop. However, in some parts of the world, entrepreneurial capitalism seems to have lost the battle against other types of capitalism: corporative capitalism and state capitalism.

Keywords: entrepreneurial capitalism; small and medium enterprises; innovation; competition; corporate capitalism (search for similar items in EconPapers)
JEL-codes: A1 B1 B2 L2 P1 (search for similar items in EconPapers)
Date: 2013
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