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Between Economic Theory and Economic History: Notes on the Power, Markets and Entrepreneurs during the Bulgarian National Revival Period

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  • Ivaylo Naydenov

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

Abstract

The proposed paper is devoted to some basic concepts such as power, markets and entrepreneurs. On the basis of some explanations and theoretical clarifications, I discuss their presence and role in the economic life during the Bulgarian National Revival period (19th century). Markets are created by enterprising people or function to meet their needs. In their turn, merchants carry out their activities by means of markets. In addition to specific places (the Uzundzhovo fair, the Sliven fair, etc.) where purchases and sales are made, markets may be considered as networks through which sellers and buyers interact with each other during the mentioned period. Goods, financial resources, information and trust, which are key to maintaining business relationships, circulate in the networks. Different types and levels of power are also important. They are crucial factor in case of unfair treatment or a dispute. Sometimes they are an obstacle that hinders enterprising people and their work. The proposed conclusions can certainly be enriched with more empirical data. However, I am convinced that economic theory would help to clearly define key terms, and the empirical data can illustrate and even correct imposed perceptions.

Suggested Citation

  • 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.
  • Handle: RePEc:ceh:journl:y:2020:v:5:p:104-122
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    References listed on IDEAS

    as
    1. Mark Casson & Catherine Casson, 2013. "The Entrepreneur in History: From Medieval Merchant to Modern Business Leader," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-30582-4, December.
    2. Ivaylo Naydenov, 2017. "Commercial Entrepreneurship during the Bulgarian National Revival Period: the Case of Pulievi Brothers (1839–1868)," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 2, pages 343-355, November.
    3. Despina Vlami & Ikaros Mandouvalos, 2013. "Entrepreneurial forms and processes inside a multiethnic pre-capitalist environment: Greek and British enterprises in the Levant (1740s--1820s)," Business History, Taylor & Francis Journals, vol. 55(1), pages 98-118, January.
    4. Mariana Drumeva, 2017. "The Economic Life on the Bulgarian Lands, Reflected in Commercial Activities of Tsvyatko Radoslavov (50–70's of the 19th Century)," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 2, pages 356-374, November.
    5. Ivaylo Naydenov, 2019. "Aspects of the Economic Crisis in the Bulgarian Lands during the 1850s and 1860s according to the Data from the Archive of the Krastich Brothers, Merchants from the Town of Svishtov," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 4, pages 334-344, November.
    6. 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.
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    Cited by:

    1. Gergana Georgieva & Nikolay Todorov, 2021. "Social and Professional Networks of Beratli Merchants," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 6, pages 13-28, November.
    2. Petko Petkov, 2021. "On the Political Entrepreneurship in the 19th Century and its Importance on the Economic Development of Bulgarians," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 6, pages 70-85, November.

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    More about this item

    Keywords

    Bulgarian National Revival period; economic theory; power; markets; entrepreneurs;
    All these keywords.

    JEL classification:

    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
    • N83 - Economic History - - Micro-Business History - - - Europe: Pre-1913
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913

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