The new works on postwar Southern development . divide into two basic theoretical approaches: those historians who follow Fogel and Engerman apply neoclassical economic theory and analyze Southem development according to the laws of the market; those who follow Genovese and C. Vann Woodward analyze the South in terms of its constituent classes and see its development as the outcome of conflicts among them. Although these schools by no means exhaust the ways of viewing the problem, they represent much of the important new work.
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Gavin Wright (1982) studied this question.
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