Munich Personal RePEc Archive

Factor Proportions, Public Finances, and Property Rights: A Test and Reformulation of Domar's Hypothesis on Serfdom or Slavery.

Pastore, Mario H (1990): Factor Proportions, Public Finances, and Property Rights: A Test and Reformulation of Domar's Hypothesis on Serfdom or Slavery. Published in: RHE .A Journal of Iberian and Latin American Economic History No. Autumn 1990 (1990)

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Abstract

Does Domar's Hypothesis on the Causes of Serfdom or Slavery, which he derived from the Russian record between 1450 and 1550 as told by Kliushevsky, help to understand forms of labor control in a Spanish American colony where as in Russia and continental British America, land was also abundant relative to labor? I find that fully accounting for the phenomenon alluded to implies accounting for the role of the state in the delineation and enforcement of property rights, in particular, of the early modern centralized state as it first appeared in Spain. The state's role in limiting the mobility of labor and enforcing employers cartels or not doing so appears to be a function of relative labor scarcity vis a vis land so as to extract economic rents that would otherwise accrue to labor.

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  • Pastore, Mario H Factor Proportions, Public Finances, and Property Rights: A Test and Reformulation of Domar's Hypothesis on Serfdom or Slavery. (deposited 01. Dec 2010 07:24) [Currently Displayed]
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