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

Между икономическата теория и стопанската история: бележки за властта, пазарите и предприемачите през епохата на Възраждането
Between Economic Theory and Economic History: Notes on the Power, Markets and Entrepreneurs during the Bulgarian National Revival Period

Author(s): Ivaylo Naydenov
Subject(s): History, Economy, Cultural history, National Economy, Business Economy / Management, Comparative history, Economic history, Ethnohistory, History of ideas, Local History / Microhistory, Social history, Modern Age
Published by: Център за стопанско-исторически изследвания
Keywords: Bulgarian National Revival period; economic theory; power; markets; entrepreneurs

Summary/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.

  • Issue Year: V/2020
  • Issue No: 1
  • Page Range: 104-122
  • Page Count: 19
  • Language: Bulgarian