(Anti)Economics of Slavery: Adam Smith on the Productivity and Profitability of Slave-Labor in American Colonies

By Ana Londe Silva (anapls@cedeplar.ufmg.br)   “The experience of all ages and nations, I believe, demonstrates that the work done by slaves, though it appears to cost only their maintenance, is in the end the dearest of any”.[1] Adam Smith, Wealth of Nations (1776)   Ancient Greece and Rome, feudal Western Europe, and 18th-century American […]

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