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Market Structure and Profits: A Further Rejoinder

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Author Info
Inikori, J. E.
Abstract

Seymour Drescher's comments center on whether British traders exporting slaves from Africa directly to non-British territories in the Americas were able to load more slaves per ton after 1788 than the slave-ton ratios imposed by British laws. The bone of contention here arose originally from attempts to estimate the volume of the trade. I argued that the British traders did load considerably more slaves per ton after 1788. Neglecting this factor would lead to a significant underestimate of the volume. Drescher disagreed and offered comments in Econocide; I replied in Forced Migration. In discussing the profits I found the subject still relevant: I argued that loading considerably more slaves than British laws allowed enhanced profits of the larger firms with access to non-British territories. On this Drescher here takes issue.

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Publisher Info
Article provided by Cambridge University Press in its journal The Journal of Economic History.

Volume (Year): 45 (1985)
Issue (Month): 03 (September)
Pages: 708-711
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Handle: RePEc:cup:jechis:v:45:y:1985:i:03:p:708-711_03

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  1. Acemoglu, Daron & Johnson, Simon H. & Robinson, James A., 2003. "The Rise of Europe: Atlantic Trade, Institutioanl Change and Economic Growth," Working papers 4269-02, Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
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