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Slavery, Profitability, and the Market Process

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  • Thornton, Mark

Abstract

The economic interpretations of the slave economies of the New World, as well as those social interpretations which adopt the neo-classical economic model but leave the economics out, assume everything they must prove. By retreating from the political economy from which their own methods derive, they ignore the extent to which the economic process permeates the society. They ignore, that is, the interaction between economics, narrowly defined, and the social relations of production on the one hand and state power on the other. Copyright 1994 by Kluwer Academic Publishers

Suggested Citation

  • Thornton, Mark, 1994. "Slavery, Profitability, and the Market Process," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 7(2), pages 21-47.
    • Handle: RePEc:kap:revaec:v:7:y:1994:i:2:p:21-47
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    Cited by:

    1. Oana-Maria Cozma, 2022. "Slavery, Cliometrics And The Austrian School Of Economics," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 30, pages 67-77, December.
    2. Mark Yanochik & Bradley Ewing & Mark Thornton, 2001. "A new perspective on antebellum slavery: Public policy and slave prices," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 29(3), pages 330-340, September.
    3. Phillip W. Magness & Art Carden & Ilia Murtazashvili, 2023. "Gordon Tullock and the economics of slavery," Public Choice, Springer, vol. 197(1), pages 185-199, October.
    4. Phillip W. Magness, 2020. "The anti-discriminatory tradition in Virginia school public choice theory," Public Choice, Springer, vol. 183(3), pages 417-441, June.

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