Timeline for How much would a slave cost in current day Europe?
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| Apr 5 at 16:40 | comment | added | John | worth noting if you adjust historical slave US prices, it comes out to around $50,000 average so this estimate is well within the ballpark of a second method of estimation. However the lack of more expensive child salves would likely bring the cost down not up, while rarity could push it up a lot higher. nber.org/system/files/chapters/c0606/c0606.pdf | |
| Feb 10, 2023 at 15:33 | comment | added | Jack Aidley | This figure seems wildly optimistic to me,valthough I still gave +1 for the argument. | |
| Feb 10, 2023 at 8:20 | comment | added | jwenting | @StephanKolassa worse, you need to subtract the cost to the owner of owning and operating the slave from the theoretical purchase price. If a slave costs 5 Euro a day in food, and 5 Euro in lodging, clothing, and money set aside for eventualities, that's 3650 Euro a year for an average expected survival lifespan of 20 years, so about 73000 Euro. Include some return on investment for the future owner over those 20 years, and you're at least 100k you need to deduce from what your slave is likely to earn you over its expected lifespan when deciding what you're willing and able to spend. | |
| Feb 10, 2023 at 7:13 | comment | added | Stephan Kolassa | +1. It's not only that likely slaves would be poor bargainers, but also that they would be less productive, above and beyond what is already priced into the "slave price of the profession" per paper credentials. If you have football stars A and B, and A is willing to sell himself into slavery but B is not, what does that tell us about the likely quality of A and B? Compare The Market for Lemons. | |
| Feb 9, 2023 at 21:43 | history | answered | TheDemonLord | CC BY-SA 4.0 |