"A sweeping new history that reveals how British, African, and American merchants developed the transatlantic slave trade This is a landmark study given its clear status as easily the best researched and most comprehensive book on the British slave trade to date. -David Eltis, coauthor of Atlas...

This paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special cases of self-insurance and the complete markets...