Most American Indian reservations are islands of poverty in a sea of wealth, but they do not have to remain that way. To extract themselves from poverty, Native Americans will have to build on their rich cultural history including familiarity with markets and integrate themselves into modern economies by creating institutions that reward productivity and entrepreneurship and that establish tribal governments that are capable of providing a stable rule of law. The chapters in this volume document the involvement of indigenous people in market economies long before European contact, provide evidence on how the wealth of Indian Nations has been held hostage to bureaucratic red tape, and explains how their wealth can be unlocked through self-determination and sovereignty.

Most American Indian reservations are islands of poverty in a sea of wealth, but they do not have to remain that way. To extract themselves from poverty, Native Americans will have to build on their rich cultural history including familiarity with markets and integrate themselves into modern economies by creating institutions that reward productivity and entrepreneurship and that establish tribal governments that are capable of providing a stable rule of law. The chapters in this volume document the involvement of indigenous people in market economies long before European contact, provide evidence on how the wealth of Indian Nations has been held hostage to bureaucratic red tape, and explains how their wealth can be unlocked through self-determination and sovereignty.

Slavery in the Development of the Americas brings together work from leading historians and economic historians of slavery. The essays cover various aspects of slavery and the role of slavery in the development of the southern United States, Brazil, Cuba, the French and Dutch Caribbean, and elsewhere in the Americas. Some essays explore the emergence of the slave system, and others provide important insights about the operation of specific slave economics. There are reviews of slave markets and prices, and discussions of the efficiency and distributional aspects of slavery. Perspectives are brought on the transition from slavery and subsequent adjustments, and the volume contains the work of prominent scholars, many of whom have been pioneers in the study of slavery in the Americas.

Human Capital and Institutions is concerned with human capital in its many dimensions and brings to the fore the role of political, social, and economic institutions in human capital formation and economic growth. Written by leading economic historians, including pioneers in historical research on human capital, the chapters in this text offer a broad-based view of human capital in economic development. The issues they address range from nutrition in pre-modern societies to twentieth-century advances in medical care; from the social institutions that provided temporary relief to workers in the middle and lower ranges of the wage scale to the factors that affected the performance of those who reached the pinnacle in business and art; and from political systems that stifled the advance of literacy to those that promoted public and higher education. Just as human capital has been a key to economic growth, so has the emergence of appropriate institutions been a key to the growth of human capital.

Slavery in the Development of the Americas brings together new work from leading historians and economic historians of slavery. The essays cover various aspects of slavery and the role of slavery in the development of the southern United States, Brazil, Cuba, the French and Dutch Caribbean, and elsewhere in the Americas. Some essays explore the emergence of the slave system, and others provide important insights about the operation of specific slave economics. There are reviews of slave markets and prices, and discussions of the efficiency and distributional aspects of slavery. New perspectives are brought on the transition from slavery and subsequent adjustments, and the volume contains the latest work of scholars, many of whom have been pioneers in the study of slavery in the Americas.

"Commerce by a Frozen Sea" is a cross-cultural study of a century of contact between North American native peoples and Europeans. During the eighteenth century, the natives of the Hudson Bay lowlands and their European trading partners were brought together by an increasingly popular trade in furs, destined for the hat and fur markets of Europe. Native Americans were the sole trappers of furs, which they traded to English and French merchants. The trade gave Native Americans access to new European technologies that were integrated into Indian lifeways. What emerges from this detailed exploration is a story of two equal partners involved in a mutually beneficial trade.Drawing on more than seventy years of trade records from the archives of the Hudson's Bay Company, economic historians Ann M. Carlos and Frank D. Lewis critique and confront many of the myths commonly held about the nature and impact of commercial trade. Extensively documented are the ways in which natives transformed the trading environment and determined the range of goods offered to them. Natives were effective bargainers who demanded practical items such as firearms, kettles, and blankets as well as luxuries like cloth, jewelry, and tobacco--goods similar to those purchased by Europeans. Surprisingly little alcohol was traded. Indeed, "Commerce by a Frozen Sea" shows that natives were industrious people who achieved a standard of living above that of most workers in Europe. Although they later fell behind, the eighteenth century was, for Native Americans, a golden age.