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February 10, 2005

20050208: Econ 113 Lecture: Slavery 1

The Slave Trade:

Adam Smith expected slavery to come to a rapid end after 1776; Adam Smith was wrong.

Why slavery should come to an end:

What maintains slavery?

Caesar; classical Roman slavery; Arabic slavery; mamelukes

The American South

Still slavery persisted; Domar's argument; free land made it impossible to strike the emancipatory bargain--hence the coming of the Civil War

Posted by DeLong at February 10, 2005 12:38 PM