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Between the market and the state: Ibáñez, the Marquis of Sargadelos (1749–1809), a Spanish businessman sailing against the tide.
- Source :
- Business History; Apr2022, Vol. 64 Issue 3, p475-490, 16p, 1 Map
- Publication Year :
- 2022
-
Abstract
- When Spain began the transition from the Old Regime to liberalism, the business career of the Marquis of Sargadelos was unique. In an institutional scenario in which being a 'profit seeker' was an almost indispensable prerequisite to overcoming the steep barriers to the entry of manufacturing initiatives, and in a society where the capital accumulated in commercial and manufacturing ventures was diverted to the purchase of rural land, Ibáñez was an exception to the norm in two senses: first, for his willingness to take a risk on new industries, and second, for his efforts to update the available technology. It is in this sense that he might be described as a 'Schumpeterian entrepreneur'. The aim of this article is to consider Ibáñez's business career from a new perspective, both what it has in common with the classical business cycle of the time and the unique features of his industrial initiatives. [ABSTRACT FROM AUTHOR]
- Subjects :
- BUSINESS cycles
BUSINESSMEN
SAILING
REAL estate investment
RISK-taking behavior
Subjects
Details
- Language :
- English
- ISSN :
- 00076791
- Volume :
- 64
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Business History
- Publication Type :
- Academic Journal
- Accession number :
- 156835566
- Full Text :
- https://doi.org/10.1080/00076791.2020.1726892