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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Slavery was also an inefficient and wasteful economic system which degraded
labor, led to misallocations of investment, stifled technological progress, inhibited
industrialization, and thwarted urbanization. By the 1840s, these scattered ...
The central issue which Olmsted faced in arriving at a judgment of the overall
economic effectiveness of the slave system was the frequency distribution of
efficient and inefficient plantations. For Olmsted had encountered large, well-
While Olmsted's revulsion is quite understandable, he was nevertheless wrong in
concluding that the gang system was inefficient, and his belittling of the quality of
slave labor was unwarranted. The high rate of the utilization of labor capacity ...
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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