[originally published on Patreon Dec 15, 2023] After having introduced accounting concepts and laid out their applications in Jamaica, I continue my close reading of Accounting for Slavery: Masters and Management by Caitlin Rosenthal. I discuss the nature of 'book farming', the nature and origin of value, and discuss the ubiquity of King Cotton in the US and world economy. I cover the fungibility of labor, perverse concepts of depreciation, and get into the postbellum developments in the wake of the abolition of slavery. Finally, I discuss Rosenthal's background and the nature of McKinsey Consulting. episode art by Robert Voyvodich @r.voy__ Songs: My Queen is Harriet Tubman by Sons of Kemet It's A Sin To Be Rich, It's A Low-Down Shame To Be Poor by Lightnin' Hopkins Lord, Have Mercy On Me by Junior Kimbrough