The Rise of Capitalism on the Pampas

In the early decades of the nineteenth century, Buenos Aires underwent rapid economic growth, only dwarfed by the even greater prosperity that occurred there at the end of the century. Previous studies have focused on the economy as a whole, or on a particular segment of the population; and most have disregarded how resources were intentionally organized to enable growth. This book focuses on the estancia - livestock firms, the economic organizations that led the growth process. The internal structure, production conditions, and economic impact of the estancia are the central issues which Amaral considers. Economic growth and increased freedom were not inevitable on the pampas, but rather the consequences of human actions, both deliberate and unintentional, in the search for an elusive profit. Why freedom, not privilege, prevailed is the key question underlying this study.