The Slave as System
This chapter concentrates on the relationship between eighteenth-century political economic theory and chattel slavery in the Americas. It begins by explaining how British, French, and American economic theorists asserted the inefficiency of slave labor even as the institution was sustained within the global market. This orthodox belief in the incompatibility between the free market and the legalization of slavery was crucial both to abolitionism and economic liberalism, inoculating capitalism from the moral degradations of slaveholding and slave trading. A very different economic argument emerges in the narratives of Black Atlantic authors who construct their life stories as “it-narratives,” precisely designed to reveal the mutualism between the global capital economy and the slave trade. The chapter provides close readings of the narratives of James Albert Ukawsaw Gronniosaw, Venture Smith, and Boyrereau Brinch, emphasizing their work as economic treatises and not autobiography.