▁state ▁inter vention ism ▁in ▁the ▁economy . ▁Bel gr ano ▁developed ▁the ▁idea ▁that ▁the ▁principles ▁of ▁phys i ocracy ▁and ▁those ▁stated ▁by ▁Adam ▁Smith ▁could ▁be ▁applied ▁together ▁in ▁the ▁vic ero yal ty ▁of ▁the ▁Río ▁de ▁la ▁Pl ata . ▁In ▁the ▁development ▁of ▁this ▁approach ▁he ▁was ▁influenced ▁by ▁Fernando ▁Gal li ani , ▁who ▁promoted ▁the ▁study ▁of ▁particular ▁cases ▁over ▁the or ic ▁general is ations , ▁and ▁Antonio ▁Gen ov esi , ▁who ▁thought ▁that ▁the ▁absolute ▁freedom ▁promoted ▁by ▁phys i ocr ats ▁should ▁be ▁temper ed ▁by ▁a ▁moder ate ▁inter vention ▁by ▁the ▁state , ▁such ▁as ▁the ▁provision ▁of ▁free ▁education ▁for ▁some . ▁During ▁his ▁time ▁in ▁Europe , ▁Bel gr ano ▁became ▁president ▁of ▁an ▁Academy ▁within ▁the ▁University ▁of ▁Sal aman ca ▁devoted ▁to ▁Roman ▁legisl ation , ▁for ens ic ▁practice ▁and ▁political ▁economy . ▁ ▁Work ▁in ▁the ▁cons ulate ▁A ▁short ▁time ▁before ▁his ▁return ▁to ▁Buenos ▁Aires ▁on ▁ 3 ▁June ▁ 1 7 9 4 , ▁Bel gr ano ▁was ▁elected ▁by ▁Don ▁Diego ▁de ▁G ardo qui ▁as ▁" per pet ual ▁secretary " ▁of ▁the ▁Com merce ▁Cons ulate ▁of ▁Buenos ▁Aires , ▁a ▁new ▁local ▁institution ▁which ▁de alt ▁with ▁commercial ▁and ▁industrial ▁issues ▁in ▁the ▁name ▁of ▁the ▁crown . ▁This ▁date ▁would ▁be ▁later ▁known ▁in ▁Argentina ▁as ▁Econom ist ▁Day . ▁He ▁would ▁remain ▁in ▁this ▁office ▁until ▁ 1 8 1 0 , ▁and ▁would