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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This expectation induces agents to interact with subjects in a manner that
depends on race, thereby creating different incentives for subjects in racially
distinct population subgroups. Responding to these incentives, subjects adapt
according to ...
A competitive situation is one in which there are a large number of observing
agents, each encountering subjects from an even larger, common population,
each taking actions in relation to these subjects but knowing that, owing to their ...
The American population is aging, and it is known that intelligence declines as a
person ages, after some point in the life ... population in the years to come, and it
is a legal fact that laws against age discrimination have abrogated mandatory ...