The Value of Entrepreneurship in the Context of the New Culture of Capitalism

This chapter focuses on the theoretical reasons why the generation of new business ideas and innovative startups has become increasingly important when interpreting business demography related to economic growth. Entrepreneurship in contemporary sociological theory has recognized, from the turn of the new century, a key role for the performance of economic systems, to the point that a neo-entrepreneurial variant of capitalism can be conceptualized. A new model of accumulation—dynamic, changeable and unstable—has been fueled by the search for radical innovation. This transformation has been made possible by new cultural institutions that enhance self-activation and entrepreneurship, supported by socio-technological network connection systems.