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Slavery as an industrial system

Note 166 — Chapter IV · AGRICULTURAL TRIBES.

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Hildebrand’s theory has been accepted by some writers on economic history. Ochenkowski repeatedly asserts that the change in the condition of the rural population was the effect of money economy. Inama-Sternegg, in one passage of his excellent book on the economic history of Germany, expresses the opinion that in the early Middle Ages natural economy, defined by him as the absence of regular commercial intercourse, made astriction of the labourers to the soil necessary. Professor Cunningham, in his book on Western Civilization, ascribes the changes which in the history of ancient Greece and Rome took place in the status of the labouring classes to the prevalence of natural economy and money economy respectively166. But none of these writers give any new argument in favour of the theory.

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