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This essay was honoured with the first prize in the University of Cambridge for the year 1785 and was influential for Clarkson’s further career. Thomas Clarkson was an English abolitionist, and a leading campaigner against the slave trade in the British Empire. He was not only instrmuental in achieving the passage of the Slave Trade Act of 1807, which ended British trade in slaves, but also campaigned for the abolition of slavery worldwide.

Slavery helped finance the Industrial Revolution in England. Plantation owners, shipbuilders, and merchants connected with the slave trade accumulated vast fortunes that established banks and heavy industry in Europe and expanded the reach of capitalism worldwide. Eric Williams advanced these powerful ideas in Capitalism and Slavery, published in 1944. Years ahead of its time, his profound critique became the foundation for studies of imperialism and economic development. Binding an economic view of history with strong moral argument, Williams's study of the role of slavery in financing the Industrial Revolution refuted traditional ideas of economic and moral progress and firmly established the centrality of the African slave trade in European economic development. He also showed that mature industrial capitalism in turn helped destroy the slave system. Establishing the exploitation of commercial capitalism and its link to racial attitudes, Williams employed a historicist vision that set the tone for future studies. In a new introduction, Colin Palmer assesses the lasting impact of Williams's groundbreaking work and analyzes the heated scholarly debates it generated when it first appeared.

A Five Books Best Economics Book of the Year A Politico Great Weekend Read “Absolutely compelling.” —Diane Coyle “The evolution of modern management is usually associated with good old-fashioned intelligence and ingenuity...But capitalism is not just about the free market; it was also built on the backs of slaves.” —Forbes The story of modern management generally looks to the factories of England and New England for its genesis. But after scouring through old accounting books, Caitlin Rosenthal discovered that Southern planter-capitalists practiced an early form of scientific management. They took meticulous notes, carefully recording daily profits and productivity, and subjected their slaves to experiments and incentive strategies comprised of rewards and brutal punishment. Challenging the traditional depiction of slavery as a barrier to innovation, Accounting for Slavery shows how elite planters turned their power over enslaved people into a productivity advantage. The result is a groundbreaking investigation of business practices in Southern and West Indian plantations and an essential contribution to our understanding of slavery’s relationship with capitalism. “Slavery in the United States was a business. A morally reprehensible—and very profitable business...Rosenthal argues that slaveholders...were using advanced management and accounting techniques long before their northern counterparts. Techniques that are still used by businesses today.” —Marketplace “Rosenthal pored over hundreds of account books from U.S. and West Indian plantations...She found that their owners employed advanced accounting and management tools, including depreciation and standardized efficiency metrics.” —Harvard Business Review

The five essays in Slave Laws in Virginia explore two centuries of the ever-changing relationship between a major slave society and the laws that guided it. The topics covered are diverse, including the African judicial background of African American slaves, Thomas Jefferson's relationship with the laws of slavery, the capital punishment of slaves, nineteenth-century penal transportation of slaves from Virginia as related to the interstate slave trade and the changing market for slaves, and Virginia's experience with its own fugitive slave laws. Through the history of one large extended family of ex-slaves, Philip J. Schwarz's conclusion examines how the law shaped the interaction between former slaves and masters after emancipation. Instead of relying on a static view of these two centuries, the author focuses on the diverse and changing ways that lawmakers and law enforcers responded to slaves' behavior and to whites' perceptions of and assumptions about that behavior.