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Race, Markets, and Social Outcomes

  • Book
  • © 1997

Overview

Editors:
  1. Patrick L. Mason

    1. University of Notre Dame, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. Rhonda Williams

    1. University of Maryland at College Park, USA

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    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Recent Economic Thought (RETH, volume 54)

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-x
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  2. Introduction

    1. Introduction

      • Patrick L. Mason, Rhonda Williams
      Pages 1-12

  3. Self-Employment: Escape from Racism?

    1. Front Matter

      Pages 13-13
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    2. The Status of African American Men in the New York City Construction Industry

      • Timothy Bates, David Howell
      Pages 15-29

    3. Black Employment, Criminal Activity and Entrepreneurship: A Case Study of New Jersey

      • Samuel L. Myers Jr., William E. Spriggs
      Pages 31-64

  4. Racial Wage Inequality and Discrimination

    1. Front Matter

      Pages 65-65
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    2. Measuring Wage Dicrimination During Periods of Growing Overall Wage Inequality

      • William M. Rodgers III
      Pages 67-90

  6. Race, Crime, and the Neighborhood

    1. Front Matter

      Pages 131-131
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    2. Race and Crime: What is the Connection?

      • Kwabena Gymah-Brempong
      Pages 133-155

    3. Why Does Race Matter in Housing and Credit Markets? Current Research and Future Directions

      • Gary A. Dymski
      Pages 157-189

  7. Back Matter

    Pages 191-194
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Keywords

About this book

THE JANUS-FACE OF RACE: REFLEC- TIONS ON ECONOMIC THEORY Patrick L. Mason and Rhonda Williams Many economists are willing to accept that race is a significant factor in US eco­ nomic and social affairs. Yet the professional literature displays a peculiar schizo­ phrenia when faced with the task of actually formulating what race means and how race works in our political economy. On the one hand, race matters when the dis­ cussion is focused on anti-social behavior, social choices, and undesired market outcomes. Inexplicably, African Americans are more likely to prefer welfare, lower labor force participation, and unemployment. On the other hand, race does not matter when the subject of discussion is economically productive or socially accept­ able activities and legal market choices (for example, wages and employment). This Janus-faced construction of race is maintained by economists' stubborn ad­ herence to the market power hypothesis. The market power hypothesis asserts that racial discrimination and market competition are inversely correlated. Discrimina­ tory behavior will persist only in those sectors of society where the competitive forces of the market are least operative. When applied to the labor market, the mar­ ket power hypothesis suggests that pre- and post-labor market decisions represent disjoint sets. On average, members of a disadvantaged social group may accumulate a lower amount of or a lower quality of productive attributes because of discrimina­ tion in marital, residential, or school choice, or because of substantial animosity in day-to-day interpersonal relations with members of a privileged group.

Editors and Affiliations

  • University of Notre Dame, USA

    Patrick L. Mason

  • University of Maryland at College Park, USA

    Rhonda Williams

Bibliographic Information

  • Book Title: Race, Markets, and Social Outcomes

  • Editors: Patrick L. Mason, Rhonda Williams

  • Series Title: Recent Economic Thought

  • DOI: https://doi.org/10.1007/978-1-4615-6157-6

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1997

  • Hardcover ISBN: 978-0-7923-9893-6Published: 31 May 1997

  • Softcover ISBN: 978-1-4613-7822-8Published: 08 October 2012

  • eBook ISBN: 978-1-4615-6157-6Published: 06 December 2012

  • Series ISSN: 0924-199X

  • Edition Number: 1

  • Number of Pages: X, 194

  • Topics: Public Economics, Microeconomics, History of Economic Thought/Methodology

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