Journal Article

Slavery and Other Property Rights

Nils-Petter Lagerlöf

in The Review of Economic Studies

Published on behalf of Review of Economic Studies Ltd

Volume 76, issue 1, pages 319-342
Published in print January 2009 | ISSN: 0034-6527
Published online January 2009 | e-ISSN: 1467-937X | DOI: http://dx.doi.org/10.1111/j.1467-937X.2008.00511.x
Slavery and Other Property Rights

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  • Agricultural, Environmental, and Natural Resource Economics
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The institution of slavery is found mostly at intermediate stages of agricultural development and less often among hunter-gatherers and advanced agrarian societies. We explain this pattern in a growth model with land and labour as inputs in production and an endogenously determined property rights institution. The economy endogenously transits from an egalitarian state with equal property rights to a despotic slave society where the elite own both people and land; thereafter, it endogenously transits into a free labour society, where the elite own the land but people are free.

Keywords: N50; P14; Q10; Q41

Journal Article.  11429 words.  Illustrated.

Subjects: Agricultural, Environmental, and Natural Resource Economics ; Capitalist Systems ; Energy Economics ; Agricultural Economics

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