The Inefficiency of Slavery: Difference between revisions
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=== Answering Fogel and Engerman=== | === Answering Fogel and Engerman=== | ||
The best way to answer this question of efficiency is to look at F&E's data and evaluate. | The best way to answer this question of efficiency is to look at F&E's data and evaluate. The book starts by listing ten assumptions that Fogel and Engerman observe before further evaluating the system and showing its efficiency. | ||
=====The 10 Assumptions===== | =====The 10 Assumptions===== | ||
1. Slavery was in the best interest of the Slave owners. | 1. Slavery was in the best interest of the Slave owners. | ||
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3. Slave holders were not pessimistic before the Civil War. | 3. Slave holders were not pessimistic before the Civil War. | ||
===Oter Criticisms of Fogel and Engerman === | ===Oter Criticisms of Fogel and Engerman === | ||
Revision as of 20:46, 1 December 2009
The Inefficiency of Slavery
History and Introduction to Slavery
I.a. II. Slavery as a market
How to Judge Efficiency
We will look at one of the most controversial books. Time on the Cross by Fogel and Engerman. Intro book. Explain ideas and 10 assumptions
Answering Fogel and Engerman
The best way to answer this question of efficiency is to look at F&E's data and evaluate. The book starts by listing ten assumptions that Fogel and Engerman observe before further evaluating the system and showing its efficiency.
The 10 Assumptions
1. Slavery was in the best interest of the Slave owners.
2. No evidence that economic forces would have stopped slavery.
3. Slave holders were not pessimistic before the Civil War.
Oter Criticisms of Fogel and Engerman
- Just a couple of racists.
Response of the People
Describe the times. Describe how people felt. (Disagree, Agree, Indifferent, Spark any new Ideas?) Sales of book Developments--> kleometics
Kleometrics
Define. Show how it was bad and hindered real advances.
The Efficiency
Obviously less efficient than regular capitalism. Without the outlandish Assumptions that Fogel and Engerman laid out they would have been unable to prove the market efficient.
Sources
- Time on the Cross
- Critic's articles
