By Thomas D Boston
This paintings brings jointly for the 1st time the tips, philosophies and interpretations of North America's top African American economists, demonstrating that racial inequality has had a major effect on African american citizens' day-by-day lives.
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Extra resources for A Different Vision: African American Economic Thought
0 per cent. These figures suggest that, although economic expansion considerably reduced joblessness for both blacks and whites, the relative improvement for blacks was not quite as dramatic as it was for whites. 18 two years earlier. Economic development in the 1990s The 1990–1 recession had a noticeably negative impact on black Americans. The adverse effects showed up in a disproportionate decrease in jobs and a sharp rise in unemployment. Blacks’ money income also stagnated. 5 billion (seasonally adjusted annual rate) in the second quarter of 1990.
4 per cent. 7 per cent). An alternative comparison shows the same degree of concentration by blacks on the segregated consumer market. 6 per cent of all those operating eating and drinking places. 8 per cent). 4 per cent – equal to their share of the total self-employed. In all other lines, blacks fell short of the average representation. Black capitalism In the early 1970s, it became fashionable to stress a strategy of “black capitalism” as a means of stimulating economic development for blacks.
46. The distribution of wealth was even more striking when the asset holdings of different types of households were compared. For instance, in 1984, white married couple households had a median net worth of $54,184. Among black married couple households, the median net worth was $13,061. 24. In sharp contrast, white female householders had a median net worth of $22,500, and the corresponding figure for black female householders was $671. 30. Among male householders, the median net worth for whites was $11,826, and it was $3,022 for blacks.
A Different Vision: African American Economic Thought by Thomas D Boston