A Microeconomic Analysis of Slavery in Comparison to Free Labor Economies

@article{Ergin1997AMA,
  title={A Microeconomic Analysis of Slavery in Comparison to Free Labor Economies},
  author={H. Ergin and S. Sayan},
  journal={Labor eJournal},
  year={1997}
}
  • H. Ergin, S. Sayan
  • Published 1997
  • Economics
  • Labor eJournal
  • In addition to supervision costs, the labor cost of an enterprise (plantation) in the system of slavery consists of the cost of acquiring the slaves and the subsistence compensation given out to the slaves. In this paper, we leave aside the issue of supervision costs previously taken up in the theoretical literature on slavery, and focus on these two peculiar components of labor costs. We analyze the implications of this cost structure on the levels of profitability, efficiency and… CONTINUE READING
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