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Some Short Thoughts on “The Economics of Slavery”

In: The Liberation of the Serfs

Author

Listed:
  • Thomas Straubhaar

    (Hamburgisches WeltWirtschaftsInstitut (HWWI))

Abstract

“The Economics of Slavery (and Other Studies in Econometric History)” by Alfred H. Conrad and John R. Meyer is both a well-done economic analysis and an empirical test of the impacts of slavery on income growth and development in the United States in the nineteenth century. Applying the “cliometric” methodology, they concluded “that slavery was an efficient, maintainable form of economic organization” in the ante bellum South. Furthermore, they also tested the assertion that slavery has led to inefficiency due to the loss of capital that might otherwise have gone into industrialisation and diversification. And they found no such empirical evidence: slavery “did not of itself operate against southern development”.

Suggested Citation

  • Thomas Straubhaar, 2012. "Some Short Thoughts on “The Economics of Slavery”," The European Heritage in Economics and the Social Sciences, in: Jürgen Georg Backhaus (ed.), The Liberation of the Serfs, edition 127, chapter 0, pages 15-18, Springer.
    • Handle: RePEc:spr:euhchp:978-1-4614-0085-1_4
    DOI: 10.1007/978-1-4614-0085-1_4
    as

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