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Prince and Entrepreneur

In: Alessandro Torlonia

Author

Listed:
  • Daniela Felisini

    (University of Rome Tor Vergata)

Abstract

This chapter is devoted to Alessandro Torlonia as prince and landowner, focusing on his strategies of marriage and self-presentation in society, his collecting and patronage of the arts, and his way of operating as an agrarian entrepreneur. Alessandro did not regard investment in land as just an aspect of the process of ennoblement, but managed his vast estates with a determined entrepreneurial spirit; as a result, they gave him substantial profits. This was not the usual approach in the Papal States, although there were other interesting cases that might suggest new interpretations of the economic history of the Agro Romano, the countryside around Rome, described by many foreign travellers as a wasteland in an evocative but stereotyped style. The non-utilitarian motives that according to Schumpeter drive entrepreneurs—“the dream and the will to find a private kingdom”—are used to explain Torlonia’s commitment to the extraordinary Lake Fucino reclamation project (1853–1873).

Suggested Citation

  • Daniela Felisini, 2016. "Prince and Entrepreneur," Palgrave Studies in the History of Finance, in: Alessandro Torlonia, chapter 6, pages 153-191, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-3-319-41998-5_6
    DOI: 10.1007/978-3-319-41998-5_6
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