Risk and Failure in Tax Farming
De Bruijn & Cloots of Lisbon and the Portuguese Tobacco Monopoly, 1722–1727
Bibliographic Data
| ID | 11283004 |
|---|---|
| Authors | Susana Münch Miranda (0000-0002-5720-7921, corresponding author) |
| Year | 2019 |
| Volume | 43 |
| Issue | 01 |
| Pages | 122-145 |
| Publication date | 2019-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Itinerario (JOURNAL) |
| Journal identifiers | ISSN: 0165-1153 • E-ISSN: 2041-2827 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0165115319000093 |
| OpenAlex | W2944024645 |
| Language | EN |
| References cited | 19 |
By examining how a Dutch firm in Lisbon operated two Portuguese tobacco tax farms from 1722 to 1727 and failed subsequently, this article brings together, on the one hand, research on the relationship between state and business groups through a monopolistic rent provided by the empire and, on the other hand, a growing literature discussing institutional and economic variables, as well as human agency, in business failure in early modern Europe. The article aims to achieve two goals. The first is to shed light on the perspective of the Dutch tax farmers, highlighting why they chose to incur the risks of managing a nationwide sales monopoly and the business model they implemented to maximize profits and mitigate risks, while the second is to examine the general and specific reasons behind their ultimate downfall. It concludes that, despite the organizational innovations they introduced and that led them to exploit interconnected businesses, the Dutch partners were unable to overcome the negative effects of conjunctural and contingent factors that temporarily squeezed the domestic consumption of tobacco
Agency (philosophy · Business · Economics · Economy · Exploit · Market economy · Monopolistic competition · Monopoly · Portuguese · Public economics · Social science · Sociology · European Political History Analysis · Historical Economic and Legal Thought · Historical Economic and Social Studies
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Essays Concerning the Socioeconomic History of Brazil and Portuguese India
The Rise of Merchant Empires
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Changes in factor markets in the Ottoman Empire, 1500–1800
To Have and to Have not». The Economic Consequences of Empire
The Cambridge History of Latin America
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Vicissitudes of Trade in the Portuguese Atlantic Empire during the First Half of the Eighteenth Century
From privatized to government-administered tax collection
Negocios coloniais. Uma correspondencia comercial do seculo XVIII
A New Interpretation of Contraband Trade
Brazilian Gold and British Traders in the First Half of the Eighteenth Century
| Citation velocity | historical |
|---|---|
| Highly cited | No |