Tag Archives: economics

Slavery and the foundations of modern day economics

The evolution of capitalism in England and resulting land grabs both here and abroad can be arguably simplified to sheep, slavery and fossil fuels…

I found this (long read) article an excellent overview of the abominable role slavery took in the founding of modern day economics.

https://aeon.co/essays/why-the-original-laissez-faire-economists-loved-slavery

Michael Perelman and the Invention Of Capitalism

michaelPerelmanSome interesting brain food here which resonates with much else of what I have read:

“Perelman outlines the many different policies through which peasants were forced off the land—from the enactment of so-called Game Laws that prohibited peasants from hunting, to the destruction of the peasant productivity by fencing the commons into smaller lots—but by far the most interesting parts of the book are where you get to read Adam Smith’s proto-capitalist colleagues complaining and whining about how peasants are too independent and comfortable to be properly exploited, and trying to figure out how to force them to accept a life of wage slavery.”
http://www.filmsforaction.org/news/recovered_economic_history_everyone_but_an_idiot_knows_that_the_lower_classes_must_be_kept_poor_or_they_will_never_be_industrious/
https://en.wikipedia.org/wiki/Michael_Perelman
https://is.vsfs.cz/el/6410/leto2013/BA_ETD/um/3968033/The_Invention_of_Capitalism.pdf