Monday, January 11, 2016

Fleming on Slavery and the Civil War


The History News Network posted a bizarre essay on slavery and the Civil War by Thomas Fleming. I presume that it is based on his book, which, based on his essay, I have no intention of reading. He suggests that he has a new understanding of the causes of the Civil War. He notes that he is 

forced to ask – not for the first time – why Americans in general and scholars in particular do not want to look at two solutions to slavery that might have avoided the holocaust we call the Civil War and its aftermath of hate-laden racism. “

The first of these solutions that scholars do not want to look at is compensated emancipation.

Not once but twice Lincoln offered the South millions of dollars if they would agree to gradually free their slaves over the next 40 or 50 years. With smears and sneers of rage the South refused the offer. Why? –

Why? Perhaps it was because the value of slaves on the eve of the Civil War is estimated to be about 3 billion dollars, not several million. It has been estimated that even if the payments had been spread out over twenty years the payments would have tripled the federal budget. See Roger Ransom’s essay at EH.NET for a quick review. The fact that it has been estimated suggests that historians have considered this solution. Fleming seems to be suffering from “If I haven’t read it, it hasn’t been written” syndrome.

I’m not going to go into Fleming’s second solution. The essence of Fleming's argument is that there could be no peaceful emancipation because white people in the South were afraid. Real historians, such as Alan Taylor, have written about this fear, but they did not use it to make statements like

The South’s embrace of slavery was not rooted in greed or a repulsive assumption of racial superiority.


I understand that HNN has a commitment to ideological diversity, but they should also have some commitment to reasonable standards of logic and evidence. Even if one were to make a reasonable case that fear had come to dominate Southern thinking on emancipation during the Antebellum period, how could you argue that slavery was not rooted in greed (profit seeking) and racism: They originally imported African slaves as a humanitarian gesture toward people that they regarded as equals? How exactly does that argument work? 

Thursday, January 7, 2016

The Cotton Kings

Brian E. Baker and Barbara Hahn’s new book The Cotton Kings: Capitalism and Corruption in Turn of the Century New York and New Orleans shows that it is possible to put capitalism in the title and still write a good history book. I am not going to write a full review, but I will say that I like the book. I’m not sure they are considered part of the new history of capitalism; if they are, the field has taken a turn in a positive direction. Their objective is not to make any sweeping generalizations about capitalism but to examine how it actually functioned in a particular instance. Their focus is first and foremost on understanding what happened. How did people at the cotton exchanges manipulate prices and why did it matter?

In The Cotton Kings people do things. People create the rules that govern markets, they manipulate the rules of those markets, and they form networks and use courts and legislatures to pursue their goals. Sometimes they create rules that bring great benefits to a small number of people; at other times they create rules that spread the benefits more broadly.


They also did two interesting things in terms of the telling of the story. Historians generally struggle with the tension between telling a story so that historians in their field will appreciate it and telling a story so that others will appreciate it. Stories about business, especially those that involve finance, can be particularly difficult to tell. We can’t all have Selena Gomez get people to pay attention to explanations of financial instruments. Baker and Hahn use two devices to try to ease this tension. The first is that terms regarding markets are highlighted throughout the text and defined in a glossary at the end of the book. The approach provides the necessary information without long interruptions in the story. The second device is to place an essay on sources at the end of the book. The term essay on sources may be a bit misleading; it is not about the primary sources. The essay on sources is actually a historiography. It places the book in the literature for other historians. Typically, this discussion would be at the beginning, telling historians why the book is important. Baker and Hahn try to sell the story on its own merits as an interesting and important chapter in American history. I would have actually liked more discussion of the primary sources and how they were used, but that may just be my preference. I find historians stories about how they write history almost as interesting as the history itself.

Friday, January 1, 2016

Rothman on Slavery and Capitalism

Joshua Rothman has written an essay on the new history of capitalism and slavery. In it he illustrates some of the fundamental problems with the recent work in this area.

First, he perpetuates the misleading historiography that claims the new historians of capitalism have overturned the old orthodoxy that slavery was apart from capitalism, pretending that economic historians had not been making that argument for over a half century.  

Second, although he acknowledges that there have been critics, rather than addressing their claims, he writes them off as a matter of dogma rather than analysis. Evidently it is dogma to oppose inaccurate historiography. And it is dogma to expect a historian not to make up evidence. I am willing to say that I subscribe to this dogma.


Yet, as Rothman points out, this work seems to appeal to many people. It seems particularly timely as people worry about the ongoing effects of financial crises, increasing inequality and racial discrimination. This appeal is in some ways the most fundamental problem with the new history of capitalism. “Like my book because I claim that capitalism was the driving force behind the brutality of slavery.” “Like my book because it shows that slavery was the driving force behind American economic growth.” Numerous fans of Baptist’s book have observed that he showed that slave grown cotton accounted for half of economic activity in 1836. But anyone no one who actually reads pages 321 and 322 can fail to see that the numbers are made up and then aggregated in ways that make no sense. People have, however, chosen to overlook that if they like the conclusion. And this is the most fundamental problem: people evaluating someone’s work based upon how well it fits their preconceptions rather than the actual quality of the work. 

Monday, December 21, 2015

Since My Last Post

The end of the semester has kept me away from this blog for a while. Once grading was done, Mary and I went up to Mercatus to see Eric Chaney present his research on “Religion and the rise and Fall of Islamic Science” at the Washington Area Economic History Seminar. Here is the version of the paper available on his page at Harvard.

We also went up to Philadelphia for a couple of days. We had dinner at our favorite restaurant, Pumpkin, and at Fork, which was also very good. While I’m at it, we usually stay at the Palomar and have breakfast at Schlesinger’s

Also went to the Art Museum this is my favorite thing there.

In the world of economic history

There is a new Chinese Economic History blog. Among other things, it has a number of interesting interviews.

In addition to the usual collection of interesting papers Journal of Economic History has four essays on the future of economic history.


Bakker, Crafts and Woltjer put out a new working paper  “A vision of the Growth Process in a Technologically Progressive Economy: the United States, 1899-1941.”
“Abstract

We develop new aggregate and sectoral Total Factor Productivity (T FP ) estimates for the United States between 1899 and1941 through better coverage of sectors and better measured labor quality, and show TFP –growth was lower than previously thought, broadly based a cross sectors, strongly variant intertemporally, and consistent with many diverse sources of innovation. We then test and reject three prominent claims. First, the 1930s did not have the highest TFP –growth of the twentieth century. Second, TFP –growth was not predominantly caused by four leading sectors. Third, TFP –growth was not caused by a ‘yeast process’ originating in a dominant technology such as electricity.”

Tuesday, December 1, 2015

Historians on Edward Baptist

Al Zambone and Bob Elder discuss the book on the podcast Historically Thinking.

Trevor Burnard discusses Baptist’s responses to his critics. Burnard writes that “repeatedly, Baptist puts himself up as the authority on slave testimony; places himself as the judge of what is contained in slave testimony, and suggests that all of his critics are deficient because they don’t take slave testimony as seriously as he does.”


I tried to explain Baptist’s position to someone by pointing out that he seems to believe he speaks for the enslaved the way the Lorax speaks for the trees. The only difference is that the trees did not speak, the enslaved did.

Monday, November 30, 2015

More on Doug North

I don’t think anyone has yet mentioned Doug’s influence on the teaching of economics. The Economics of Public Issues (19th edition) is still in print, though the first edition is still, in my opinion, the best. Like all successful entrepreneurs North and Miller attracted competitors and influenced the way material is presented in standard textbooks. Doug told me it sold enough to put three sons through Stanford. The book came about as a result of his returning to teaching principles of economics after several years of not having done so.   He finished his lecture on perfect competition with some reference to agricultural markets and asked if there were any questions. A student stood up in the back of the lecture hall. Doug asked him what his question was and the student said “That’s bullshit.” Doug said if you’re so smart why don’t you tell us all about it. Turned out the guy grew up on a farm in Eastern Washington and knew all about how the government interfered with agricultural markets. Doug said he knew that he couldn’t keep giving textbook lectures, but he didn’t know what he should do. He had been working with the Seattle City Council and began his next class with a statement about how many rapes and murders the council had voted to allow, illustrating the consequences of choices about how to allocate spending in the city. Doug ended up writing stories about the economics of crime, abortion, baseball, marijuana etc. He said it was Roger Le Roy Miller’s idea to turn these stories into a book. It sold so well as a textbook that they tried to sell a trade version called Abortion, Baseball and Weed. It bombed; people weren’t ready for freakonomics yet.

I also wanted to note that a couple of couple of places (e.g. NY Times) have mentioned that Doug’s father dropped out of school to become an office messenger. What they did not mention was that his father went on to become vice-president of Metropolitan Life Insurance Company. Doug’s uncle, his father’s younger brother, eventually became the president of Metropolitan Life Insurance Company. I had the impression that he was quite proud of his father. He said that his father was always the one to give the speech when they wanted to get the agents fired up. Doug’s dissertation was a pretty traditional economic history of the life insurance business, with a focus on the Armstrong Investigation. I seem to recall that he said his family was not particularly pleased with his essentially airing the family’s dirty laundry.


Here are some tributes to Doug by people who knew him well
Yoram Barzel remembers Doug at University of Washington
John Nye has both a personal reflection and a review of Doug’s contribution to economics.
John Wallis provides a really good review of Doug’s contributions to social sciences.
Barry Weingast’s tribute to Doug is my favorite so far. As soon as I saw the quote beginning with “Listen, Bub” I could heard Doug’s voice.


Wednesday, November 25, 2015

Just Listen

In response to this Huffington Post article Jaci Evan's (a former student of mine who is about to finish her  Ph. D. at U. of Maryland) wrote this on Facebook.  Please listen to her.


"There are so many things I could write here that it's hard to choose. But I think I'll say this: I still remember the first time an adult man made me feel sexualized and unsafe. I was 12. That memory has stuck with me to this day, and it was the first of a countless number of times that it has happened since. So when your girlfriend says that your neighbor's behavior makes her feel unsafe, don't say you think it sounds normal, just listen. When she says she doesn't think she'd enjoy travelling to that country known for men who grope women on the subway or cat-call on the streets, don't tell her she's being too sensitive about it, just listen. When she gets upset about those "good old boy" songs involving rape that so many frats get in trouble for these days, don't tell her that they don't really mean it, just listen. Your reality isn't hers, and her thoughts are valid. They come from horrific experiences in her past and in her knowledge of horrific experiences in her friends' pasts. Just listen."