Jeffrey Rogers Hummel joins Bob for an in-depth discussion of the economics of slavery, touching on subtleties such as the labor/leisure tradeoff, and the recent claims by some historians that slavery was efficient. Then Bob asks Hummel to explain the provocative claim in his book, that the Confederacy would have done much better militarily if it had used the same guerrilla warfare tactics that the American colonists had used against the British.
Mentioned in the Episode and Other Links of Interest:
- Jeffrey Rogers Hummel’s book, Emancipating Slaves, Enslaving Free Men. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
- Hummel’s essay on the deadweight loss from slavery.
- The Bob Murphy Show ep. 71, featuring Mark Thornton discussing his work on the economics of slavery. And BMS ep. 58, on the military blunders of World War I.
- Bob’s mises.org essay on the economics of slavery and the 1619 Project.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.