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SUMMARY:Capital and labour: Theoretical foundations of the economics of sl
 avery - Erik Green and Igor Martins (both Lund University)
DTSTART:20210511T160000Z
DTEND:20210511T173000Z
UID:TALK158731@talks.cam.ac.uk
CONTACT:Gareth Austin
DESCRIPTION:Despite the prevalence of slavery in world history\, our under
 standing of its rise\, persistence\, and fall remains limited. Most previo
 us studies focus on slavery primarily as a labour contract indistinguishab
 le from other coercive arrangements\, such as serfdom. In this paper\, we 
 argue that this view fails to consider other forms of economic exploitatio
 n experienced by the enslaved. In the cases where property rights to land 
 were either weak or did not yield significant values\, slaveholders had an
  incentive to use slaves as means to raise capital beyond their role as fa
 rmworkers. This paper uses the Cape Colony\, Brazil\, and the southern Uni
 ted States as case studies to demonstrate that despite significant geograp
 hic\, demographic\, and economic differences\, these slave economies still
  share significant elements for economic historians to continue the pursui
 t of a comprehensive theory of slavery. In this theory\, the role of slave
 s as capital investments is necessary.
LOCATION:Faculty of History\, Cambridge: Zoom (to receive link please regi
 ster at https://www.hist.cam.ac.uk/event-series/global-economic-history
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