By Thomas D Boston
This paintings brings jointly for the 1st time the tips, philosophies and interpretations of North America's prime African American economists, demonstrating that racial inequality has had a big impression on African american citizens' day-by-day lives.
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Additional info for A Different Vision: African American Economic Thought
2 per cent of GDP). 6 per cent). 8 per cent of GDP. 6 enable one to apportion the loss in GDP between contemporary discrimination against blacks (failure to use fully their existing education) and the legacy of past discrimination (failure to improve their education). The figures suggest that, while no dramatic shifts have occurred over the last two and a half decades, the proportion of the loss that can be attributed to current discrimination has risen slightly. 87 per cent in 1993. ECONOMICS OF BLACK ENTERPRISE Most of my research on black-owned businesses has sought to explain why black firms have played such a marginal role in the American economy.
White households with median incomes between $24,000 and $47,999 had a median net worth of $50,529. 32. At the upper end of the income scale (in excess of $48,000), the median net worth of white families amounted to $128,237, and that for black families amounted to $58,758. 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.
9 per cent). 0 million. 5 per cent. In the case of blacks, the level of unemployment rose by 586,000. 0 per cent of the rise in unemployment. Consequently, blacks absorbed a disproportionate share of the adverse effects of the 1990–1 recession. On the other hand, blacks’ participation in the employment recovery following the recession was not exceptional. 2 million. 4 per cent. 4 million. 8 per cent in December 1994. 1 per cent of the reduction in unemployment. So, on balance, blacks’ overall labor market situation, after 2 1/2 years of economic recovery, was essentially unchanged from what it was when the 1990–1 recession began.
A Different Vision: African American Economic Thought by Thomas D Boston