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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Nonpecuniary income is of an intangible nature and it is not measured in national
income accounts. Nonpecuniary income can be either positive or negative. For
example, it is generally thought that the PROPERTY RIGHTS IN MAN / 235.
For example, it is generally thought that the nonpecuniary income earned by
most members of the faculty of Harvard University is large and positive, since
these faculty members usually prefer to stay at Harvard even when they have
The nonpecuniary disadvantage of gang labor was no less to blacks than to
whites. The special advantage of slavery for agricultural production, then, is that it
was a very cheap way of "compensating" slaves for the nonpecuniary ...
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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