The flexibility of slave labour as an economic institution has often been assumed as a given. In general, some capital investment is necessary to retrain novice slaves but essentially they could be substituted for any other form of labour. This paper refutes the claim of the flexibility of slave...

Does wealth persist over time, despite the disruptions of historical shocks like colonisation? This paper shows that South Africa experienced a reversal of fortunes after the arrival of European settlers in the eastern half of the country. Yet this was not, as some have argued was the case...

The emancipation of the enslaved across the British Empire in 1834 is one of the major events in world history. Slave-owners received cash compensation for freeing the enslaved. In the Cape Colony, appraisers assigned a value to the former slaves which was later used to calculate the...

The causes of the poor white problem, first noted at a Dutch Reformed Church Synod in 1886, were unclear; many blamed the inadequate education system, urbanisation, cheap wages or cultural factors, while others argued that external events such as the rinderpest disease or the Anglo-Boer war...

Recent remarks in the media suggest that the Currie Cup competition, the premier rugby union competition in South Africa, is in need of a revamp. This is not a new inclination; the structure of the Currie Cup has had numerous alterations over the preceding two decades. But why has the Currie Cup...

World service exports have grown at a rapid rate over the past few decades. While some countries have benefited from the surge in service exports, others have been left behind. This paper provides a snapshot of the current state of trade in services using three measures of the Balassa index to...

Trade is a critical component of economic growth in newly settled societies. This paper tests the impact of ship traffic on the Cape economy using a time series smoothing technique borrowed from the business cycle literature and employing an econometric procedure to test for long-run...

The South African government has begun to ramp up economic infrastructure investment. This is an important policy shift and in line with the government’s aim of increasing economic growth to 6% and halving poverty by 2014. It follows that we are left with the question: What are the most...

Against the backdrop of shifting views on the role of government in the provision of infrastructure, this paper distinguishes between the payment for and financing of the South African Government’s infrastructure investment programme. The paper also presents a classification system that...

One reason for the relatively poor development performance of many countries around the world today may be the high levels of inequality during and after colonisation. Evidence from colonies in the Americas suggests that skewed initial factor endowments could create small elites that owned a...