The institution of slavery is found mostly at intermediate stages of agricultural development, and less often among hunter-gatherers and advanced agrarian societies. We explain this pattern in a growth model with land and labor as inputs in production, and an endogenously determined property rights institution. The economy endogenously transits from an egalitarian state with equal property rights, to a despotic slave society where the elite own both people and land; thereafter it endogenously transits into a free labor society, where the elite own the land, but people are free.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
372.
Find related papers by JEL classification: E0 - Macroeconomics and Monetary Economics - - General Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
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