Abstract

The existence of property rights affects the allocation and distribution of economic resources. The allocation of property rights in man will obviously affect the level of output and distribution of income within an economy. Despite these formal similarities, the discussion of property rights in man customarily differs from that concerning property rights in other assets. Forced international migration was only the first form of control over the labor supply. Once in the Western hemisphere the ownership of human chattels meant that desire as to labor force participation, work vs leisure, preferred type of establishment worked in, and location of residence could be determined by the owner and not by the worker. Higher participation rates for the slave population than for free workers served to increase the measured output of the South. There are a variety of other ways by which the slaveowner may obtain higher measured output from slave than from free labor.

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