The historiography on Campomanes, in particular that referring to his writings on factory matters, has established a cliché of their anti-capitalistic or anti-industrial character. This appraisal, which can be traced back to a biased interpretation of his Discurso sobre el fomento de la industria popular, has secluded both the remaining doctrinal contributions on industry made by this author and the achievements of his proposed industrial policy. A more careful reading of his industrialist writings, adequately placed within their historical context, will no doubt contribute to discard platitudes and to rehabilitate one of the leading intellectuals of Spanish economy during the 18th century.