Time on the cross: the economics of American Negro slavery
First published in 1974, Fogel and Engerman's groundbreaking book reexamined the economic foundations of American slavery, marking "the start of a new period of slavery scholarship and some searching revisions of a national tradition" (C. Vann Woodward, New York Review of Books).In an Afterword added in 1989, the authors assess their findings in the light of recent scholarship and debate.
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On the other hand, Kenneth Stampp, the author of the most systematic rebuttal to
Phillips, felt that slaves were profitable not because they were more efficient than
free labor but because their labor cost less. The lower cost of slaves tended to ...
in slave prices, given information on the cotton prices, the output of cotton, the
size of the labor force employed in cotton farming, the cost of slave maintenance,
and the market rate of interest. The values of all these variables for the post-Civil
For a given amount of labor, there was an optimum amount of force — an amount
that would make the total cost (cost of force plus the pecuniary payment to the
slave) of procuring the desired labor a minimum. Planters worried about what that
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Time on the Cross created a sensation when it was first published, and received largely favorable notice. It claimed to break new ground with its cliometric study of slavery. A notable dissenter from ... Leer reseña completa