Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during times when they do not labor. In contrast, capitalist entrepreneurs can hire and fire laborers or very their wages in response to changing circumstances.


Chapter 12 The New Laborers, p. 356. - Europe and the People Without History

Eric Wolf Quotes

Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during ...

Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during ...

Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during ...

Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during ...