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Posthumous Questions for Karl Polanyi: Price Inflation in Pre-Colonial Dahomey

Published online by Cambridge University Press:  22 January 2009

Robin Law
Affiliation:
University of Stirling*

Extract

The article analyses the determination of prices in the pre-colonial West African kingdom of Dahomey, principally with relation to the domestic economy, on the basis of detailed analysis of contemporary documentation. The influential study of Dahomey by Karl Polanyi (1966) posited pervasive state control of both overseas trade and the domestic economy, including prices, which Polanyi argued were set according to traditional notions of equity or equivalence rather than responding to supply and demand. These hypothesized stable prices were held to be reflected in the long-term stability of the exchange value of the local currency of cowry shells, at least prior to the ‘Great Inflation’ caused by excessive European imports of these shells in the second half of the nineteenth century. Although his account of the state's control and management of economic matters was in many respects inaccurate or exaggerated, Polanyi was correct in asserting that prices were subject to state regulation. However, it is shown that prices were nevertheless liable to short-term fluctuations which reflected market conditions, and overall suffered a massive increase during the seventeenth and early eighteenth centuries, comparable in scale to the nineteenth-century ‘Great Inflation’, and likewise reflecting the uncontrolled increase in the money supply through European imports of cowries. Although these two periods of inflation were separated by a period of relative price stability between the mid-eighteenth and mid-nineteenth centuries, this was not restricted to Dahomey and should also be attributed to the operation of market forces rather than to the effectiveness of Dahomian economic administration. State intervention was probably more successful in holding down the wages of some groups of workers than in managing prices. Polanyi's insistence on the ‘non-market’ character of the Dahomian domestic economy is clearly untenable.

Type
Trade, Economy and the Western African Coast
Copyright
Copyright © Cambridge University Press 1992

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References

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17 This revaluation of gold is documented in PRO: T70/1158–63, Day Books, William's Fort, Whydah, 1751–1812, in which the new value of £8 to the ounce first appears in 1765; cf. also Law, ‘Gold trade’, 113. Indigenous African merchants employed a similar, but not identical valuation of cowries against gold, Muslim merchants in Asante in 1820 reporting the value of a mithqal of gold (two-thirteenths of an ounce) in Dahomey as 4,500 cowries, giving 29,250 to the ounce: Dupuis, Joseph, Journal of a Residence in Ashantee (London, 1824; repr. 1966), cxiv.CrossRefGoogle Scholar

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39 Phillips, , ‘Journal’, 217.Google Scholar

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42 ‘Journal du Voyage du Sieur Delbée’, 410.

43 Van Dantzig, The Dutch and the Guinea Coast, no. 33: Valentyn Gros, Offra, 7 Aug. 1691.

44 Bodleian Library, Oxford: Rawlinson C.747, Josiah Pearson, Whydah, 1 Jan. 1699; PRO: T70/5, William Hicks, Whydah, 26 July/4 Nov. 1709; T70/6, William Baillie, Whydah, 25 June 1716.

45 ‘Relation du voyage de Guynée fait en 1687 sur le frégate “La Tempeste” par le Sieur Du Casse’, in Roussier, Paul, L'Etablissement d'Issiny 1687–1702 (Paris, 1935), 15.Google Scholar

46 PRO: T70/7, Baldwyn, Mabyn and Humphreys, Whydah, 27 Jan. 1724.

47 PRO: T70/5, William Baillie, Whydah, 29 June 1716.

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49 Polanyi, , Dahomey, 166–7.Google Scholar Polanyi links the increase with the introduction of the European convention of valuing goods in Africa at a ‘trade’ value twice their ‘prime’ or European cost, but this seems misconceived, since the increased prices reported were clearly themselves reckoned in prime cost.

50 For European proposals for fixed prices in the late seventeenth and early eighteenth centuries, see Law, The Slave Coast, 216–17.

51 Correspondence… relating to the Slave Trade, 1850–1, Part I (House of Commons, London, 1851)Google Scholar: inclosure 3 in no. 198, Lieutenant Forbes to Commodore Fanshawe, 6 Apr. 1850.

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54 AN: C6/25, Pruneau & Guestard, ‘Mémoire pour servir à l'intelligence du commerce de Juda’, 18 March 1750; the material in this document is also repeated in Pruneau, Joseph, Mémoire sur le commerce de la concession du Sénégal (1752), ed. Becker, Charles (Kaolack, 1983), 91108.Google Scholar

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56 Cf. Peukert, , Der Atlantische Sklavenhandel, 108–19Google Scholar, who suggests that fixed ounce values were introduced for the convenience of Europeans, in contrast to Polanyi's assumption that they represented a European concession to African traditions of fixed prices.

57 PRO: T70/1545, Lionel Abson, Whydah, 26 Sept. 1783.

58 AN: C6/25, Gourg, ‘Mémoire pour servir d'instruction au Directeur’, Sept. 1791, quoted in Peukert, , Der Atlantische Sklavenhandel, 324.Google Scholar

59 AN: C6/27bis, ‘Extrait d'un mémoire relatif à une expédition fait pour la traite des nègres à le Côte d'or’, n.d. quoted Ibid. 325.

60 Doublet, Jean, Journal du Corsaire Jean Doublet de Honfleur, ed. Bréard, Charles (Paris, 1883), 258.Google Scholar

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63 Pires, Vicente Ferreira, Viagem de Africa em o Reino de Dahomé, ed. de Lessa, Clado Ribeiro (São Paulo, 1957), 67.Google Scholar

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65 Forbes, , Dahomey, i, 8990.Google Scholar

66 Herskovits, Melville J., Dahomey: An Ancient West African Kingdom (2 vols.) (New York, 1938), i, 60–2.Google Scholar Another account of ‘traditional’ markets in the Dahomey region, based on fieldwork in the 1950s, differs from Herskovits in several respects, including its treatment of prices, but is mainly based on a place (Mitro, north of Porto-Novo) which was outside the historical kingdom of Dahomey: Claudine and Claude Tardits, ‘Traditional market economy in South Dahomey’, in Bohannan, and Dalton, , Markets in Africa, 89102.Google Scholar

67 Polanyi, , Dahomey, 49.Google Scholar

68 Ibid. 50.

69 Burton, , Mission, i, 77; ii, 242.Google Scholar

70 Polanyi, , Dahomey, 49–40.Google Scholar

71 Burton, , Mission, ii, 242.Google Scholar

72 Doublet, , Journal, 258.Google Scholar

73 Bosman, , New and Accurate Description, 297–8.Google Scholar In Senegambia also, corn prices fluctuated ‘depending on the rainfall’: Curtin, Philip D., Economic Change in Precolonial Africa: Senegambia in the Era of the Atlantic Slave Trade (2 vols.) (Madison, 1975), i, 169.Google Scholar

74 PRO: T70/66, Instruction to Ambrose Baldwyn, Whydah, 1 Nov. 1720.

75 Polanyi, , Dahomey, 91.Google Scholar Polanyi, indeed, claims that because of the effectiveness of Dahomian economic administration, food shortages seldom occurred, and in particular that ‘there is scarcely any record of famine throughout Dahomey's history’: Ibid. 37–8. This ignores the account of ‘a great scarcity of provisions’ in the early 1780s by Dalzel, , History, 178.Google Scholar Dahomey was again reported to be ‘in a state of starvation’ in 1809: PRO, T70/1163, Day Book, William's Fort, Whydah, 10 July 1809.

76 Bosman, , Description, 382.Google Scholar

77 Law, Robin (ed.), Correspondence of the Royal African Company's Chief Merchants at Cabo Corso Castle with William's Fort, Whydah, and the Little Popo Factory, 1727–8 (African Studies Program, University of Wisconsin-Madison, 1991), no. 22Google Scholar: Thomas Wilson, Whydah, 12 July 1728.

78 AN: C6/25, Dayrie, Jakin, 12 Aug. 1728.

79 De Chenevert and Bullet, ‘Réfléxions sur Juda’, 32.

80 Polanyi, , Dahomey, 91.Google Scholar

81 Duncan, , Travels, ii, 68.Google Scholar Duncan also says that the ‘head’ of cowries in Mahi contained only 47 strings, and the string only 33 shells, giving a head of only 1,551 cowries, as opposed to the 2,000-shell head (of 50 strings of 40 cowries each) standard in metropolitan Dahomey. This may suggest that price differentials were in part accommodated by manipulating the unit of payment, so that nominal prices remained the same: for parallel instances elsewhere in West Africa, cf. Johnson, ‘Cowrie currencies’, Part 1, 45–6; Hogendorn, and Johnson, , Shell Money, 122–3.Google Scholar However, the price of 1½ strings for a chicken in the interior reported by Duncan (cf. note 64 above) was also well below the price in Dahomey itself at this period.

82 Forbes, , Dahomey, i, 58, 110.Google Scholar

83 Alternatively, however, it may be that the price of 250 cowries at Allada was a conventional or ‘normal’ figure, and that actual prices were currently significantly higher. Forbes himself in 1850 reported complaints that poultry had become ‘dear’: ibid, ii, 102.

84 The tendency of cowry values to appreciate from the coast towards the interior is well attested, although normally discussed in terms of the exchange value of cowries against gold or silver rather than of local prices: see esp. Johnson, , ‘Cowrie currencies’, Part 2, 331–45Google Scholar; Hogendorn, and Johnson, , Shell Money, 129–43.Google Scholar

85 Burton, , Mission, ii, 243.Google Scholar

86 A possible explanation is that levels of taxation of the palm oil trade in Dahomey were reportedly increasing in the years before 1864: cf. e.g. Vallon, F., ‘Le Royaume de Dahomey’, 2 parts, Revue Maritime et Coloniale, iii (1861), Part 1, 357.Google Scholar This involved a transfer of wealth from Whydah, where oil production was mainly concentrated, to the capital Abomey; and if taxes were levied in cowries and disbursed in royal largesse and expenditure rather than hoarded this might account for the inflation reported by Burton.

87 Polanyi, , Dahomey, 81.Google Scholar

88 Ibid. 85.

89 For supporting documentation and argument, see Law, ‘Computing domestic prices’ 248–50.

90 Polanyi, , Dahomey, 50.Google Scholar

91 Johnson, , ‘Cowrie currencies’, Part 2, 347–81Google Scholar; Hogendorn, and Johnson, , Shell Money, 145.Google Scholar

92 Leers, Arnout, Pertinente Beschryvinnge van Afrika (Rotterdam, 1665), 311Google Scholar; for the exchange rate between manillas and cowries, cf. Ibid. 308. The value given for manillas is surprisingly low; but for defence of its accuracy, cf. Law,‘Computing domestic prices’.

93 Phillips, , ‘Journal’, 221.Google Scholar

94 Bosman, , Description, 390Google Scholar (translating six stuivers inaccurately into six pence).

95 AN: C6/25, ‘Estat ou mémoire de la dépense nécessaire pour relever ce fort de Juda et pour l'entretien de ses directeurs et employés’, encl. to Du Colombier, Whydah, 10 Aug. 1714.

96 Atkins, , Voyage to Guinea, 112.Google Scholar

97 AN: C6/25, Levet, Whydah, 25 Feb. 1744; Conseil de Direction, Whydah, 18 Dec. 1752.

98 Forbes, , Dahomey, i, 58; ii, 110.Google Scholar At Whydah, Forbes confusingly gives two prices, 280 cowries for a ‘fowl’ and 200 for a ‘chicken’: while this may possibly allude to different varieties of poultry, it is more likely that Forbes misunderstood a reference to the obsolete currency unit of the ‘galina’ or ‘hen’ of 200 cowries as referring to the actual price of hens.

99 Burton, , Mission, ii, 243.Google Scholar

100 Bosman, , New and Accurate Descriptions, 389.Google Scholar

101 Phillips, , ‘Journal’, 221.Google Scholar

102 PRO: T70/1243. Accounts, Whydah Factory, 1698–1700. The equivalencies proposed in the text give a single rangoe a value of 80 cowries. A few years later, rangoes were somewhat dearer than this, selling for 100 cowries each: T70/592, Journal, William's Fort, Whydah, 26 Aug. 1719.

103 AN: C6/25, ‘Estat ou mémoire de la dépense nécessaire pour relever ce fort de Juda’, 1714; Atkins, , Voyage to Guinea, 112.Google Scholar

104 AN: C6/25, Levet, Whydah, 25 Feb. 1744.

105 Forbes, , Dahomey, i, 110.Google Scholar

106 Burton, , Mission, ii, 243.Google Scholar

107 Van Dantzig, The Dutch, no. 15: Instruction for Willem de la Palma, 8 Dec. 1685; no. 17: Isaac van Hoolwerff, Offra, 8 Dec. 1686.

108 For argument in favour of the more indirect method of computation (which is adopted in the remainder of this article), see Law, ‘Computing domestic prices’, 251–2.

109 Phillips, , ‘Journal’, 221.Google Scholar

110 PRO: T70/1243, Accounts, Whydah Factory, 1698–1700.

111 Atkins, , Voyage to Guinea, 112.Google Scholar Valuations of pigs in terms of gold in English factory accounts of the 1720s give much higher figures than Atkins, e.g. 5 pigs at 1 oz. 6 ackies (1⅜oz.), worth £5. 10s, suggesting an average of £1. 2s (22 shillings) per pig: PRO, T70/595, Journal, William's Fort, Whydah, Apr. 1725. The precise relationship between such valuations against gold and prices in cowries in the local market is unclear, however.

112 Prices for pork cited later tend to be given per pound rather than per animal: e.g. Forbes, , Dahomey, i, 10.Google Scholar

113 Burton in 1864, perhaps by an error, aberrantly says that sheep were half the price of goats: Mission, ii, 243.

114 ‘Relation du Royaume de Judas en Guinée’ (Ms of c. 1714, in Archives d'Outre-Mer, Aix-en-Provence: Dépôt des Fortifications des Colonies, ms. 104), 51; Burton, , Mission, i, 136.Google Scholar

115 For the capacity of the ‘chest’, see Phillips, , ‘Journal’, 208.Google Scholar The capacity of the pot is inferred from comparative prices given in gallons and pots in PRO: T70/593, Journal, William's Fort, Whydah, Sept.–Oct. 1724. A pot of five gallons was still used for palm oil within Dahomey in the nineteenth century, although it was then more normally exported in measures of 18 gallons: cf. Burton, , Mission, i, 143 n.Google Scholar; Skertchly, , Dahomey, 33.Google Scholar

116 Leers, , Pertinente Beschrijvinge, 310.Google Scholar

117 In purchasing slaves an iron bar was at this time equivalent to 10 lbs of cowries, or 4,000 (a slave costing 10 bars or 100 lbs of cowries), but it is probable that (as was certainly the case in the later seventeenth and early eighteenth centuries) the relative purchasing power of the bar in domestic markets was less than in slave purchases: see further Law, ‘Computing domestic prices’, 248–50.

118 Law, Correspondence from the Royal African Company's Factories at Offra and Whydah, no. 5: ‘Invoyce of goods most in demand at Arda factory’, 15 Jan. 1681; Van Dantzig, The Dutch, no. 15: Instruction for Willem de la Palma, 8 Dec. 1685.

119 PRO: T70/1243, Accounts, Whydah Factory, 1698–1700.

120 AN: C6/25, Dayrie, Jakin, 12 Aug. 1728.

121 Law, Correspondence from the Royal African Company's Factories at Offra and Whydah, no. 5: ‘Invoyce of goods’, 15 Jan. 1681.

122 PRO: T70/1243, Accounts, Whydah Factory, 1698–1700.

123 Van Dantzig, The Dutch, no. 15: Instruction for Willem de la Palma, 8 Dec. 1685; no. 17: Isaac van Hoolwerff, Offra, 8 Dec. 1686. For the famine at this time, cf. Ibid. nos. 18–19: Isaac van Hoolwerff, Offra, 31 Jan. & 2 Apr. 1687, reporting ‘great scarcity of wheat’. The cause of the famine is not indicated, but if it was drought this would have affected palm oil yields also.

124 PRO: T70/593, Journals, William's Fort, Whydah, Nov. 1722, Jan. 1723.

125 PRO: T70/1158, Day Books, William's Fort, Whydah, 1752–4. In 1754 the price of oil was recorded as 2 pots for 30 lbs of cowries, the latter figure presumably also standing for 3 grand cabess.

126 Leers, , Pertinente Beschrijvinge, 308.Google Scholar

127 Cf. e.g. Phillips, , ‘Journal’, 215.Google Scholar

128 Law, Correspondence from the Royal African Company's Factories at Offra and Whydah, no. 5: ‘Invoyce of goods’, 15 Jan. 1681; Bosman, , New and Accurate Description, 364aGoogle Scholar (translating as six to eight pence).

129 Phillips, , ‘Journal’, 222–3.Google Scholar

130 AN: C6/25, ‘Estat ou mémoire de la dépense nécessaire pour relever de fort de Juda’, 1714; ‘Mémoire de l'estat du pays de Juda et de son négoce’, 1716; ‘Mémoire concernant la colonie de Juda’, 1722.

131 PRO: T70/1158–9, Day Books, William's Fort, Whydah, 1751–62. These sums were normally paid in cowries, at the ‘trade’ rate of 2s. to the lb. (400), or £1 to 11 lbs (4,000).

132 AN: C6/25, Pruneau and Guestard, ‘Mémoire pour servir à l'intelligence du commerce de Juda’, 18 March 1750.

133 PRO: T70/1159–63, Day Books, William's Fort, Whydah, 1763–1812. For a brief period in 1775–8, when the factory adopted the practice of valuing the cowries paid in wages at prime cost (1s 3d per lb.) rather than at their ‘trade’ price, male labourers' pay was reckoned at 11s 3d per month, i.e. 9 lbs of cowries (3,600), or 120 per day (while women received 7s 6d per month, or 80 per day); but from 1779 they reverted to the earlier rates of 15s trade for men and 10s for women at zs to the lb. of cowries, i.e. 80 and 67 cowries per day.

134 Donnan, Elizabeth, Documents Illustrative of the History of the Slave Trade to America (4 vols.) (New York, 19301935), ii, no. 252Google Scholar: Customs imposed at Whydah, 1767; Accounts of the ship he Dahomet, 1773, in Berbain, Simone, Le comptoir français de Juda (Ouidah) au XVIIe siècle (Paris, 1942; repr. Amsterdam, 1968), 124.Google Scholar These accounts, however, do not distinguish as clearly as that of 1750 between wages and subsistence rates.

135 Dalzel, , History, xxi.Google Scholar At 10s to the grand cabess, two tockies was actually equivalent to 22/5 pence.

136 Forbes, , Dahomey, i, 52, 122.Google Scholar

137 Ibid, i, 122; ii, 80.

138 Burton, , Mission, ii, 244.Google Scholar

139 Forbes, , Dahomey, ii, 81.Google Scholar

140 Burton, , Mission, i, 120.Google Scholar

141 Ibid, ii, 242, 244.

142 Ibid, i, 136 n.; ii, 4 n.

143 Ibid, ii, 221.

144 Bosman, , Description, 215Google Scholar; ‘Relation du Royaume de Judas’, 48; Burton, , Mission, ii, 221.Google Scholar

145 Burton, , Mission, ii, 221.Google Scholar

146 Leers, , Pertinente Beschrijvinge, 311Google Scholar; Labat, , Voyage du Chevalier des Marchais, ii, 95.Google Scholar

147 AN: C6/25, Pruneau and Guestard, ‘Mémoire pour servir à l'intelligence du commerce de Juda’, 18 March 1750; Donnan, , Documents, ii, no. 252Google Scholar: Customs imposed at Whydah, 1767; Accounts of he Dahomet, 1773, in Berbain, , Le comptoir français de Juda, 124.Google Scholar

148 Cf. e.g. ‘Journal du voyage du Sieur Delbée’, 404; Phillips, , ‘Journal’, 227.Google Scholar

149 Leers, , Pertinente Beschrijvinge, 310Google Scholar; ‘Journal du voyage du Sieur Delbée’, 404.

150 Bosman, , Description, 343Google Scholar (mistranslating as 8 to 12 pence).

151 Labat, , Voyage du Chevalier des Marchais, ii, 95.Google Scholar

152 AN C6/25, Pruneau and Guestard, ‘Mémoire pour servir à l'intelligence du commerce de Juda’, 18 March 1750; Donnan, , Documents, ii, no. 252Google Scholar: Customs imposed at Whydah, 1767; Accounts of Le Dahomet, 1773, in Berbain, , Le comptoir français de Juda, 124.Google Scholar

153 Forbes, , Dahomey, i, 122.Google Scholar

154 Manning, Patrick, ‘Merchants, porters, and canoemen in the Bight of Benin: links in the West African trade network’, in Coquery-Vidrovitch, Catherine and Lovejoy, Paul E. (eds.), The Workers of West African Trade (London, 1985), 61.Google Scholar One franc was equivalent to about 9 English pence, or three-quarters of a shilling, while the head (2,000 cowries) of cowries (as noted earlier) was now valued at one shilling. If, however, the head was reckoned at 2,500 rather than 2,000 cowries (cf. above, note 13), a franc would be equivalent to 1,875 rather than 1,500 cowries.

155 Labat, , Voyage de Chevalier des Marchais, ii, 95Google Scholar; AN: C6/25, Pruneau & Guestard, ‘Mémoire pour servir a l'intelligence du commerce de Juda’, 18 March 1750; Donnan, Documents, ii, no. 252: Customs imposed at Whydah, 1767; Accounts of Le Dahomet, 1773 in Berbain, , Le comptoir français de Juda, 124.Google Scholar

156 PRO: T70/1159–61, Day Books, William's Fort, Whydah, 1762–76. This increase in wages may have been temporary only, as was the corresponding increase in payments to factory slaves (cf. above, note 133), but since no details of free labourers' pay are recorded after 1776 this is uncertain.

157 Forbes, , Dahomey, i, 122.Google Scholar

158 Snelgrave, , New Account, 83–5.Google Scholar

159 AN: C6/25, Delisle, Dahomey, 13 Sept. 1728.

160 PRO: CO2/15, Journal of Hugh Clapperton, 3 Dec. 1825.

161 Clarke, W. H., Travels and Discoveries in Yorubaland (1854–1858), ed. Atanda, J. A. (Ibadan, 1972), 268.Google Scholar

162 Cf. e.g. ‘Johann Peter Oettinger's Voyage to Guinea, 1692–93’, in Jones, Adam (ed.), Brandenburg Sources for West African History 1680–1700 (Wiesbaden, 1985), 196Google Scholar; Phillips, , ‘Journal’, 216Google Scholar; Bosman, , Description, 349Google Scholar; Labat, , Voyage du Chevalier des Marchais, ii, 2832.Google Scholar

163 Bosman, , Description, 349.Google Scholar

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165 PRO: T70/1158–9, Day Books, William's Fort, Whydah, 5 Dec. 1763, 18 Nov. 1777.

166 For later complaints, see e.g. Adams, John, Remarks on the Country Extending from Cape Palmas to the River Congo (London, 1823; repr. 1966), 239–40Google Scholar; Duncan, , Travels, i, 197–8.Google Scholar

167 Robertson, G.A., Notes on Africa (London, 1819), 285Google Scholar; Bowen, T. J., Central Africa: Adventures and Missionary Labours in Several Countries in the Interior of Africa, from 1849 to 1856 (Charleston, 1857; repr. 1968), 98Google Scholar; Clapperton, Hugh, Journal of a Second Expedition into the Interior of Africa (London, 1829; repr. 1966), 59.Google Scholar

168 Meredith, Henry, An Account of the Gold Coast of Africa (London, 1812), 183Google Scholar; Clarke, , Travels and Discoveries, 268.Google Scholar

169 Johnson, , ‘Cowrie currencies’, part I, 348.Google Scholar For the volume of slave exports, including documentation of its decline after the 1720s, see Manning, Patrick, ‘The slave trade in the Bight of Benin, 1640–1890’, in Gemery, Henry A. and Hogendorn, Jan S. (eds.), The Uncommon Market: Essays in the Economic History of the Atlantic Slave Trade (New York, 1979), 107–41Google Scholar; for Dahomey's role as a middleman for slaves from the interior, see esp. Ross, David, ‘The Dahomean middleman system, 1727–c. 1818’, J. Afr. Hist., xxviii (1987), 357–75CrossRefGoogle Scholar; Law, Robin, ‘Slave-Raiders and Middlemen, Monopolists and Free-Traders: The Supply of Slaves for the Atlantic Trade in Dahomey c. 1715–1850J. Afr. Hist., xxx (1989), 4568.CrossRefGoogle Scholar

170 Miller, Joseph C., Way of Death: Merchant Capitalism and the Angolan Slave Trade 1730–1830 (London, 1988).Google Scholar