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

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

Proceedings of the Centre for Economic History Research, 2020, vol. 5, 104-122

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.

Keywords: Bulgarian National Revival period; economic theory; power; markets; entrepreneurs (search for similar items in EconPapers)
JEL-codes: N73 N83 N93 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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