IDEAS home Printed from https://ideas.repec.org/a/ceh/journl/y2018v3p258-269.html
   My bibliography  Save this article

The Role of Institutions in the Entrepreneurial Activity of Pulievi Brothers (1839 – 1868)

Author

Listed:
  • Ivaylo Naydenov

    (Institute for Historical Studies, Bulgarian Academy of Sciences, Bulgaria)

Abstract

Documents relating to the commercial activities of the brothers Hristo, Nikola and Ivan T. Pulievi (1839-1868), allow to shed light on the problems that are underestimated in Bulgarian historiography. Such an issue is the role of the "institutions". In the proposed context, the term "institution" means bonds and relations between people. From this point of view, Douglass North and Avner Greif's view is particularly relevant, according to which the institutions are a system of rules, beliefs, level of trust. These are the so-called unofficial norms that occupy a significant place in the activity of the entrepreneurs from the period of the Bulgarian National Revival. Merchants in the Ottoman Empire were forced to develop their business in a situation of constant uncertainty, which is why the trust between them and the reputation they enjoyed played an important role in their entrepreneurial affairs. In this regard the mentioned above elements played a crucial role. On the other hand, in the preserved documents of Pulievi there is brief information about institutions that are based on official norms - written laws, normative acts, administrative structures that will also be analyzed.

Suggested Citation

  • Ivaylo Naydenov, 2018. "The Role of Institutions in the Entrepreneurial Activity of Pulievi Brothers (1839 – 1868)," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 3, pages 258-269, November.
    • Handle: RePEc:ceh:journl:y:2018:v:3:p:258-269
    as

    Download full text from publisher

    File URL: http://csii.bg/series/2018-3/pdf/19-IvayloNaydenov.pdf
    Download Restriction: no
    File URL: http://csii.bg/series/2018-3/html/19-IvayloNaydenov.html
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Greif,Avner, 2006. "Institutions and the Path to the Modern Economy," Cambridge Books, Cambridge University Press, number 9780521480444, October.
    2. Pencho Penchev, 2015. "The Economic Theory as a Basis for Economic History Research," Godishnik na UNSS, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 197-263, October.
    3. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    4. Greif, Avner, 2000. "The fundamental problem of exchange: A research agenda in Historical Institutional Analysis," European Review of Economic History, Cambridge University Press, vol. 4(3), pages 251-284, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ivaylo Naydenov, 2020. "Between Economic Theory and Economic History: Notes on the Power, Markets and Entrepreneurs during the Bulgarian National Revival Period," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 5, pages 104-122, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mika Kallioinen, 2017. "Inter‐communal institutions in medieval trade," Economic History Review, Economic History Society, vol. 70(4), pages 1131-1152, November.
    2. Masahiko Aoki, 2013. "Institutions as cognitive media between strategic interactions and individual beliefs," Chapters, in: Comparative Institutional Analysis, chapter 17, pages 298-312, Edward Elgar Publishing.
    3. Robert P. Gilles & Emiliya A. Lazarova & Pieter H. M. Ruys, 2007. "Stability, Specialization And Social Recognition," Division of Labor & Transaction Costs (DLTC), World Scientific Publishing Co. Pte. Ltd., vol. 2(02), pages 83-109.
    4. Broadberry Stephen, 2012. "Recent Developments in the Theory of Very Long Run Growth: A Historical Appraisal," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 53(1), pages 277-306, May.
    5. Maseland, Robbert, 2021. "Contingent determinants," Journal of Development Economics, Elsevier, vol. 151(C).
    6. Gennady Bilych, 2013. "Democratic Changes and Economic Growth," Business and Economic Research, Macrothink Institute, vol. 3(1), pages 461-486, June.
    7. repec:spo:wpecon:info:hdl:2441/942 is not listed on IDEAS
    8. Torsten Heinrich & Henning Schwardt, 2013. "Institutional Inertia and Institutional Change in an Expanding Normal-Form Game," Games, MDPI, vol. 4(3), pages 1-28, August.
    9. Platteau, Jean-Philippe, 2008. "Religion, politics, and development: Lessons from the lands of Islam," Journal of Economic Behavior & Organization, Elsevier, vol. 68(2), pages 329-351, November.
    10. Lattanzio, Gabriele, 2022. "Beyond religion and culture: The economic consequences of the institutionalization of sharia law," Emerging Markets Review, Elsevier, vol. 52(C).
    11. Alvarez-Diaz, Marcos & Caballero Miguez, Gonzalo, 2008. "The quality of institutions: A genetic programming approach," Economic Modelling, Elsevier, vol. 25(1), pages 161-169, January.
    12. ROUGIER Eric, 2015. ""The parts and the whole”: Unbundling and re-bundling institutional systems and their effect on economic development," Cahiers du GREThA (2007-2019) 2015-12, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    13. Alice Nicole Sindzingre, 2007. "Poverty traps: a perspective from development economics," Working Papers hal-04139210, HAL.
    14. Guillaume Daudin, 2006. "Paying Transaction Costs," Documents de Travail de l'OFCE 2006-14, Observatoire Francais des Conjonctures Economiques (OFCE).
    15. Robbert Maseland, 2013. "Parasitical cultures? The cultural origins of institutions and development," Journal of Economic Growth, Springer, vol. 18(2), pages 109-136, June.
    16. Fabien Eloire & Claire Lemercier & Veronica Aoki Santarosa, 2016. "What can we learn about the embeddedness of commercial relationships from the study of powers of attorney?," Working Papers hal-01358364, HAL.
    17. Stewart, James I., 2009. "Cooperation when N is large: Evidence from the mining camps of the American West," Journal of Economic Behavior & Organization, Elsevier, vol. 69(3), pages 213-225, March.
    18. Carl Mildenberger, 2013. "The constitutional political economy of virtual worlds," Constitutional Political Economy, Springer, vol. 24(3), pages 239-264, September.
    19. Brian Snowdon, 2008. "Towards a Unified Theory of Economic Growth," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 9(2), pages 97-151, April.
    20. Frolov, Daniil, 2019. "The manifesto of post-institutionalism: institutional complexity research agenda," MPRA Paper 97662, University Library of Munich, Germany.
    21. repec:hal:spmain:info:hdl:2441/942 is not listed on IDEAS
    22. Ciarli, Tommaso & Savona, Maria, 2019. "Modelling the Evolution of Economic Structure and Climate Change: A Review," Ecological Economics, Elsevier, vol. 158(C), pages 51-64.

    More about this item

    Keywords

    Bulgarian National Revival period; Pulievi; merchants; institutions; entrepreneurship; business ethics;
    All these keywords.

    JEL classification:

    • N83 - Economic History - - Micro-Business History - - - Europe: Pre-1913

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ceh:journl:y:2018:v:3:p:258-269. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivan Roussev (email available below). General contact details of provider: https://edirc.repec.org/data/csiisbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.