2013-12-08 18:19:51 UTC
‘(Rosenthal) sees her research as a critique of capitalism—one that could broaden the understanding of today’s business practices… Tracking this information allowed planters to determine how far they could push their workers to get the most profit.
Rosenthal, a Harvard-Newcomen Fellow in business history at Harvard Business School, found that southern plantation owners kept complex and meticulous records, measuring the productivity of their slaves and carefully monitoring their profits—often using even more sophisticated methods than manufacturers in the North. Several of the slave owners’ practices, such as incentivizing workers (in this case, to get them to pick more cotton) and depreciating their worth through the years, are widely used in business management today.