The puzzle of success: Hungarian entrepreneurs at the turn of the millennium

Abstract

Drawing on in-depth interview-based research carried out around ‘the turn of the millennium’, this article examines the emergence of medium and large entrepreneurs in post-socialist Hungary. It seeks to identify the skills necessary to successfully manage property amid the harsh circumstances of the post-socialist socio-economic crisis, and points to the importance of the pre-transition life histories and occupational experiences of the new entrepreneurs. By analysing their family histories and traditional routes of schooling, it shows how the emerging bourgeoisie accumulated knowledge, skills, and the necessary forms of habitual behaviour to construct, within a surprisingly short time, a firm social standing and widespread influence. In the concluding part of this article, an attempt is made to combine the economic and sociological findings discussed here, and also to propose some theoretical conclusions.