The economics of slavery and other studies in econometric history

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Transaction Publishers, 1970 - 241 pages
Historical essays on profitability of slavery in the ante-bellum South, income growth in 19th century America, and the Great Depression in the British economy.
 

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ideas floated are simply great. when even the outsourcing costs go up, naturally the user industry costs would get much more, in fact outsourcing is some parallel slavery idea but if the outsourcing skill levels go up naturally the employers cannot hire outsourcing further one needs to know as outsourcing skill levels just far exceed the costs, then if like in Rome if the supply by influx fall then costs would shoot up, that means then the companies depend upon outsourcing soon one day cannot afford to maintain outsourced labor , naturally , it has to free them by incentivising the outsourced labor that is the outsourced labor will become investors with high returns sooner; at this rate, i think one day Americans cannot go on ever with outsourced labor methods...is a new flow of thought the essays reveal, .. indeed a good work every business economist need to read and understand the implications of the idea of economics of slavery... though Dawud rightly commented but well answered by the authors...tks dr gurumurti balakrishnan,  

Contents

Economic Theory Statistical Inference
3
Statistical Inference and Historical Explanation
31
The Economics of Slavery in the Antebellum South
43
Reply by the Authors
93
An InputOutput Approach to Evaluating British
183
Historical Indices of British
206
Industry Components of
213
A Polemical Postcript on Economic Growth
223
Index of Names
237
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