PDA

View Full Version : Walter Williams' "Race and Economics"




FrankRep
04-27-2011, 10:14 AM
http://ecx.images-amazon.com/images/I/41BrODA%2BOvL._SL500_AA300_.jpg (http://www.amazon.com/gp/product/0817912452/ref=as_li_ss_tl?ie=UTF8&tag=libert0f-20&linkCode=as2&camp=217145&creative=399349&creativeASIN=0817912452)

Race and Economics: How Much Can Be Blamed on Discrimination? (http://www.amazon.com/gp/product/0817912452/ref=as_li_ss_tl?ie=UTF8&tag=libert0f-20&linkCode=as2&camp=217145&creative=399349&creativeASIN=0817912452)
- Walter E. Williams



We have gotten so used to young blacks having sky-high unemployment rates that it will be a shock to many readers of Walter Williams' Race and Economics to discover that the unemployment rate of young blacks was once only a fraction of what it has been in recent decades.


http://www.thenewamerican.com/images/stories2011/00columnists/sowell.001.jpg


Walter Williams' "Race and Economics" (http://www.thenewamerican.com/opinion/thomas-sowell/7276-walter-williams-race-and-economics)


Thomas Sowell | The New American (http://www.thenewamerican.com/)
27 April 2011



Walter Williams fans are in for a treat — and people who are not Walter Williams fans are in for a shock — when they read his latest book, Race and Economics (http://www.amazon.com/gp/product/0817912452/ref=as_li_ss_tl?ie=UTF8&tag=libert0f-20&linkCode=as2&camp=217145&creative=399349&creativeASIN=0817912452).

It is a demolition derby on paper, as Professor Williams destroys one after another of the popular fallacies about the role of race in the American economy.

I can still vividly recall the response to one of Walter's earliest writings, back in the 1970s, when he and I were working on the same research project in Washington. Walter wrote a brief article that destroyed the central theme of one of the fashionable books of the time, The Poor Pay More.

It was true, he agreed, that prices were higher in low-income minority neighborhoods. But he rejected the book's claim that this was due to "exploitation," "racism" and the like.

Having written a doctoral dissertation on this subject, Walter then proceeded to show why there were higher costs of doing business in many low-income neighborhoods, and that these costs were simply passed on to the consumers there.

What I remember especially vividly is that, in reply, someone called Walter "a white racist." Not many people had seen Walter at that time. But it was also a sad sign of how name-calling had replaced thought when it came to race.
...



SOURCE:
http://www.thenewamerican.com/opinion/thomas-sowell/7276-walter-williams-race-and-economics