The Wealth of Races

The Present Value of Benefits from Past Injustices

Richard F. America (University of California-Berkeley, USA)

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English

Bloomsbury Academic
18 April 2024

Social discrimination; Ethnic minorities & multicultural studies; Black & Asian studies; Public administration

Series: Contributions in Afro-American and African Studies: Contemporary Black Poets

This collection of essays examines how injustices of the past affect entire groups of people today and outlines the current beneficiaries of these injustices. Although discriminatory practices can be based on ethnicity, religion, and gender, this book focuses on one important type—racial discrimination—and deals with the way it affects both blacks and whites. The authors address the question from different perspectives and, although there is no real consensus as to what extent unjust enrichments currently exist because of past discrimination, several essays focus on the need to systematically and equitably redistribute wealth. In beginning to explore these questions, the volume addresses the larger issues of how the costs and benefits of past practices can be measured and how historical injustices should affect current public policy matters.

The volume is organized in a straightforward manner intended to create an integrated discussion. An introductory essay charts the development of the project and offers a summary and critique of each essay. The first section explores the issue of slavery and current policy and considers the caution required when developing policy based on disputed models and assumptions. The second section examines the economic impact of slavery and discrimination on the functioning of the labor market. In the final section, some of the implications of redistribution policies are considered in relation to the various cost and benefit analyses. A final essay and conclusion sum up the study and outline the broad policy setting in which this work can take place. The book is an important resource for courses in history, sociology, and public policy and an important addition to public and university libraries.

Edited by: Richard F. America (University of California-Berkeley USA)
Imprint: Bloomsbury Academic
Country of Publication: United Kingdom
Edition: NIPPOD
Dimensions: Height: 235mm, Width: 156mm,
ISBN: 9798765123744
Series: Contributions in Afro-American and African Studies: Contemporary Black Poets
Pages: 240
Publication Date: 18 April 2024
Audience: College/higher education , Primary
Format: Paperback
Publisher's Status: Active

Introduction Overview and Summary Forty Acres and a Mule: Placing a Price Tag on Oppression Economic History and the Current Benefits and Costs of Slavery Past History and Current Policy: The Legacy of Slavery Who Pays for Slavery? An Appraisal of the Estimated Rates of Slave Exploitation Slavery and the Economics of Discrimination Black Labor in the American Economy since Emancipation: What Are the Legacies of History? A Calculation and Comparison of the Current Benefits of Slavery and an Analysis of Who Benefits Estimated Present Value of Income Diverted during Slavery Black Exploitation and White Benefits: The Civil War Income Revolution Slave Exploitation in Neoclassical Economics: Criticism and an Alternative Direction Achieving Racial Equality through Restitution Racial Inequality and Reparations An Illustrative Estimate: The Present Value of the Benefits from Racial Discrimination, 1929-1969 Income Transfers: Are They Compensation for Past Discrimination? The Social Debt to Blacks: A Case for Affirmative Action What Was Lost: The Cost of Slavery and Discrimination for Blacks Achieving Parity through Reparations Conclusions Selected Bibliography Index

RICHARD F. AMERICA is a policy analyst in Washington, D.C. He is coauthor of Moving Ahead: Black Managers in American Businessand author of Developing the Afro-American Economy.