The Anatomy of Racial Inequality
Speaking wisely and provocatively about the political economy of race, Glenn Loury has become one of our most prominent black intellectuals--and, because of his challenges to the orthodoxies of both left and right, one of the most controversial. A major statement of a position developed over the past decade, this book both epitomizes and explains Loury's understanding of the depressed conditions of so much of black society today--and the origins, consequences, and implications for the future of these conditions.
Using an economist's approach, Loury describes a vicious cycle of tainted social information that has resulted in a self-replicating pattern of racial stereotypes that rationalize and sustain discrimination. His analysis shows how the restrictions placed on black development by stereotypical and stigmatizing racial thinking deny a whole segment of the population the possibility of self-actualization that American society reveres--something that many contend would be undermined by remedies such as affirmative action. On the contrary, this book persuasively argues that the promise of fairness and individual freedom and dignity will remain unfulfilled without some forms of intervention based on race.
Brilliant in its account of how racial classifications are created and perpetuated, and how they resonate through the social, psychological, spiritual, and economic life of the nation, this compelling and passionate book gives us a new way of seeing--and, perhaps, seeing beyond--the damning categorization of race in America.
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Alternatively, suppose most taxi drivers refuse to stop for young black men after a
certain hour because they fear being robbed, though a few drivers will stop for
anyone. Let there be two types of young men — those merely trying to get home ...
This effect will not be present for nonblacks, since drivers are quite willing to stop
for them. Hence, through a process that economists call "adverse selection," the
set of young black men actually seen to be hailing taxis after dark may well come
Thus, our imaginary taxi driver stands to gain $10 from a law- abiding fare but to
lose, say, $10,000 on average if he stops for a robber (allowing for possible loss
of life or limb). With those stakes, even if the probability of robbery is on the order