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Cotton, Slavery, and the New History of Capitalism with Alan Olmstead and Paul Rhode

Economics Detective Radio

CHAPTER

Is There a Ratcheting System That Reduces Output?

A fourfold increase in picking rs bu by more efficient beatings. So there is enormous veriability and how much people pick, as you would expect. As economist, we know the ratcheting system where if you do more, more is expected of you. We know that's a bad incentive system.

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