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American slavery. Drafted in response to Conrad and Meyer’s seminal 1959 article on the economics of slavery, Tullock …’s writings influenced the early cliometric debate over slavery through his University of Virginia colleague John E. Moes. This … paper uses Tullock’s surviving writings to map out his theory of slavery and situate it in the broader economic analysis of …
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We explore the exercise of power in perpetuating status quo institutions. We give empirical examples of the economic importance of power and offer a definition of this elusive term. We then investigate the role of power in a modern capitalist economy, borrowing ideas from the classical...
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