The Wealth of Races: The Present Value of Benefits from Past Injustices

by Richard F. America (Editor)

Overview

This collection of essays addresses the question of what continuing effects social injustices of the past have on groups of people today and outlines the current beneficiaries of these injustices. Focusing on the issue of racial discrimination, the volume looks at the way blacks and whites continue to suffer and reap the benefits of past economic relationships. Topics addressed include the economic impact of slavery on the labor market, how historical injustice should affect public policy, and the implications of policies that would redistribute wealth.

Product Details

ISBN-13:	9780313257537
Publisher:	Bloomsbury Academic
Publication date:	08/24/1990
Series:	Contributions in Afro-American and African Studies: Contemporary Black Poets , #13
Pages:	240
Product dimensions:	6.14(w) x 9.21(h) x 0.56(d)

About the Author

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.

Table of Contents

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