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Accounting for Slavery - Masters and Management (Paperback)
Loot Price: R507
Discovery Miles 5 070
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Accounting for Slavery - Masters and Management (Paperback)
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Loot Price R507
Discovery Miles 5 070
Expected to ship within 12 - 17 working days
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A Five Books Best Economics Book of the Year A Politico Great
Weekend Read "Absolutely compelling." -Diane Coyle "The evolution
of modern management is usually associated with good old-fashioned
intelligence and ingenuity... But capitalism is not just about the
free market; it was also built on the backs of slaves." -Forbes The
story of modern management generally looks to the factories of
England and New England for its genesis. But after scouring through
old accounting books, Caitlin Rosenthal discovered that Southern
planter-capitalists practiced an early form of scientific
management. They took meticulous notes, carefully recording daily
profits and productivity, and subjected their slaves to experiments
and incentive strategies comprised of rewards and brutal
punishment. Challenging the traditional depiction of slavery as a
barrier to innovation, Accounting for Slavery shows how elite
planters turned their power over enslaved people into a
productivity advantage. The result is a groundbreaking
investigation of business practices in Southern and West Indian
plantations and an essential contribution to our understanding of
slavery's relationship with capitalism. "Slavery in the United
States was a business. A morally reprehensible-and very profitable
business... Rosenthal argues that slaveholders...were using
advanced management and accounting techniques long before their
northern counterparts. Techniques that are still used by businesses
today." -Marketplace (American Public Media) "Rosenthal pored over
hundreds of account books from U.S. and West Indian plantations...
She found that their owners employed advanced accounting and
management tools, including depreciation and standardized
efficiency metrics." -Harvard Business Review
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