African Americans In The U.S. Economy

The forty-three chapters in African Americans in the U.S. Economy focus on various aspects of the economic status of African Americans, past and present. Taken together, these essays present two related themes: first, when it comes to economics, race matters; second, racial economic discrimination and inequality persist despite the optimistic predictions of standard economic analysis that racial discrimination cannot thrive in a free-market economy. Visit our website for sample chapters!

Preface

xiii

Black Political Economy: An Introduction

1

(8)

PART I Slavery and the Early Formation of Black Labor

The International Slave Trade

9

(5)

Philip S. Foner

Africa, Europe, and the Origins of Uneven Development: The Role of Slavery

14

(6)

William A. Darity Jr.

The Critical Role of African Americans in the Development of the Pre--Civil War U.S. Economy

20

(12)

James B. Stewart

The Black Sharecropping System and Its Decline

32

(6)

Daniel Fusfeld

Timothy Bates

The Rise of the Black Industrial Working Class, 1915--1918

38

(9)

Philip S. Foner

PART II Organized Labor and African Americans

An Uncertain Tradition: Blacks and Unions, 1865--1925

47

(11)

William Harris

The Brotherhood of Sleeping Car Porters

58

(8)

Philip S. Foner

Civil Rights and Organized Labor: The Case of the United Steelworkers of America, 1948--1970

66

(17)

James B. Stewart

PART III Theories of Racial Discrimination, Inequality, and Economic Progress

Racial Economic Inequality and Discrimination: Conservative and Liberal Paradigms Revisited

83

(11)

John Whitehead

Marxist Theory of Racism and Racial Inequality

94

(7)

Peter Bohmer

The Crowding Hypothesis

101

(9)

Timothy Bates

Daniel Fusfeld

``Keeping People in Their Place'': The Economics of Racial Violence

110

(8)

Mary C. King

The Black Political Economy Paradigm and the Dynamics of Racial Economic Inequality

118

(15)

James B. Stewart

Major Coleman

PART IV Current Economic Status of African Americans: Hard Evidence of Economic Discrimination and Inequality

Race and Gender Differences in the U.S. Labor Market: The Impact of Educational Attainment

133

(8)

Susan Williams McElroy

Persistent Racial Discrimination in the Labor Market

141

(10)

Patrick L. Mason

Racial Inequality and African Americans' Disadvantage in the Credit and Capital Markets

151

(6)

Gary A. Dymski

Patrick L. Mason

Changes in the Labor Market Status of Black Women, 1960--2000

157

(6)

Cecilia A. Conrad

Single-Mother Families in the Black Community: Economic Context and Policies

163

(12)

Cecilia A. Conrad

Mary C. King

The Racial Wealth Gap

175

(10)

Thomas M. Shapiro

Jessica L. Kenty-Drane

PART V Globalization and Its Impact on the Economic Well-Being of African Americans and Latinos

Globalization, the Transformation of Capital, and the Erosion of Black and Latino Living Standards

185

(8)

Peter Dorman

Globalization and African Americans: A Focus on Public Employment

193

(6)

Mary C. King

Immigration and African Americans

199

(9)

Steven Shulman

Robert C. Smith

African American Intragroup Inequality and Corporate Globalization

208

(15)

Jessica Gordon Nembhard

Steven C. Pitts

Patrick L. Mason

Globalization, Racism, and the Expansion of the American Penal System

223

(8)

Andrew L. Barlow

PART VI Black Capitalism: Entrepreneurs and Consumers

History of Black Capitalism

231

(6)

Manning Marable

Black-Owned Businesses: Trends and Prospects

237

(9)

Cecilia A. Conrad

Black-Owned Banks: Past and Present

246

(6)

Gary A. Dymski

Robert E. Weems Jr.

``Bling-Bling'' and Other Recent Trends in African American Consumerism

252

(6)

Robert E. Weems Jr.

A Critical Examination of the Political Economy of the Hip-Hop Industry

258

(13)

Dipannita Basu

Black Capitalism: Self-Help or Self-Delusion?

271

(10)

Earl Ofari Hutchinson

PART VII Education, Employment, Training, and Social Welfare: Alternative Public Policy Approaches in the Struggle to Achieve Racial Equality

Black Power: The Struggle for Parental Choice in Education

281

(7)

Howard Fuller

School Choice: A Desperate Gamble

288

(6)

Louis Schubert

The Black Youth Employment Problem Revisited

294

(11)

Michael A. Stoll

Employment and Training Solutions for the Economically Disadvantaged

305

(4)

Bernard E. Anderson

Racism in the U.S. Welfare Policy: A Human Rights Issue

309

(10)

Linda Burnham

PART VIII Understanding Black Reparations

Past Due: The African American Quest for Reparations

319

(8)

Robert Allen

The Theory of Restitution

327

(7)

Richard America

The Economics of Reparations

334

(7)

William A. Darity Jr.

Dania Frank

PART IX African American Economic Development and Urban Revitalization Strategies

Inner-City Economic Development and Revitalization: A Community-Building Approach

341

(16)

John Whitehead

David Landes

Jessica Gordon Nembhard

Combating Gentrification through Equitable Development

357

(6)

Kalima Rose

The Black Church and Community Economic Development

363

(10)

Shondrah Nash

Cedric Herring

Black Patronage of Black-Owned Businesses and Black Employment

373

(5)

Thomas D. Boston

African American Athletes and Urban Revitalization: African American Athletes as a Funding Source for Inner-City Investments

378

(15)

John Whitehead

James Stewart

Index

393

(9)

About the Editors

402

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African Americans In The U.S. Economy

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Table of Contents

Supplemental Materials