The survival of small companies in the capitalist development.

Vol. 30 No. 1 (2010)

jan-Mar / 2010
Published January 1, 2010
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Guerra, Oswaldo, and Francisco Teixeira. 2010. “The Survival of Small Companies in the Capitalist Development.”. Brazilian Journal of Political Economy 30 (1):124-39.

The survival of small companies in the capitalist development.

Oswaldo Guerra
Doutor em Economia pela Unicamp. Professor Associado da Faculdade de Ciências Econômicas da Universidade Federal da Bahia
Francisco Teixeira
Doutor pela Universidade de Sussex, Inglaterra. Professor Titular da Escola de Administração da Universidade Federal da Bahia
Brazilian Journal of Political Economy, Vol. 30 No. 1 (2010), jan-Mar / 2010, Pages 124-139


The role of small companies in capitalist development has raised, throughout the years, the analytical curiosity of economists and other social scientists. In spite of the enormous disadvantages that they possess in competing with big capital, there are innumerable reasons for their survival. The empirical evidence is clear in attesting the importance of small companies in terms of GDP share and job creation and, at the same time, their difficulties for surviving. This paper presents a theoretical revision, departing from Marx, Marshall, Steindl and Schumpeter up to some contemporary authors, concerning the role of the small companies in capitalist development, emphasizing the reasons and the difficulties for its survival.

JEL Classification: O10.

Keywords: small companies capitalism competitiveness