Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during times when they do not labor. In contrast, capitalist entrepreneurs can hire and fire laborers or very their wages in response to changing circumstances. (Eric Wolf)

Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during times when they do not labor. In contrast, capitalist entrepreneurs can hire and fire laborers or very their wages in response to changing circumstances.

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ability capitalist changing contrast feeding fire hire investment labor owner response slave supply times wages circumstances

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