The Political Economy of Hope and Fear: Capitalism and the Black Condition in America / Edition 1

The Political Economy of Hope and Fear: Capitalism and the Black Condition in America / Edition 1

by Marcellus William Andrews, Andrews
     
 

Popular liberal writing on race has relied on appeals to the value of "diversity" and the fading memory of the Civil Rights movement to counter the aggressive conservative assault on liberal racial reform generally, and on black well-being, in particular. Yet appeals to fairness and justice, no matter how heartfelt, are bound to fail, Marcellus Andrews argues,

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Overview

Popular liberal writing on race has relied on appeals to the value of "diversity" and the fading memory of the Civil Rights movement to counter the aggressive conservative assault on liberal racial reform generally, and on black well-being, in particular. Yet appeals to fairness and justice, no matter how heartfelt, are bound to fail, Marcellus Andrews argues, since the economic foundations of the Civil Rights movement have been destroyed by the combined forces of globalization, technology, and tight government budgets.

The Political Economy of Hope and Fear fills an important intellectual gap in writing on race by developing a hard-nosed economic analysis of the links between competitive capitalism, racial hostility, and persistent racial inequality in post-Civil Rights America. Andrews speaks to the anger and frustration that blacks feel in the face of the nation's abandonment of racial equality as a worthy objective by showing how the considerable difficulties that black Americans face are related to fundamental changes in the economic fortunes of the U.S.

The Political Economy of Hope and Fear is an economist's plea for unsentimental thinking on matters of race to replace the mixture of liberal hand wringing and conservative mythmaking that currently passes for serious analysis about the nation's racial predicament.

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Product Details

ISBN-13:
9780814706800
Publisher:
New York University Press
Publication date:
11/01/2001
Edition description:
New Edition
Pages:
232
Product dimensions:
5.90(w) x 8.90(h) x 0.60(d)

Table of Contents

A Preface in Three Parts1
Economics as a Razor1
Conservative and Anti-conservative6
A Note on the Vocabulary of Color9
1The Color of Prosperity: A Few Facts about Black Economic Well-Being in America15
Color and Well-Being in America15
"Merit," Economic Change, and the Racial Blame Game32
Conservatives and the "Culture of Poverty"46
Taking Society Seriously51
Next Steps54
2Race and the Market57
Capitalism and the Political Economy of Color57
Discrimination in Market Society: Insights from Economists61
Overcoming Racial Inequality: The Conservative Stance83
Beyond Race: Capitalism, Individualism, and Family Meltdown88
Social Capital and Black Self-Help97
About Dynamics and the Color of Political Economy102
AppDiscrimination and Human Capital in a Dynamic Becker Model105
3Confusion and Woe: Race, Capitalism, and the Retreat from Social Justice in America114
Race and Macroeconomics114
Productivity115
Productivity Arithmetic123
The Economics of Liberal Racial Reform125
Budget Deficits and Racial Reform132
Race, Welfare, and the "Modern Class Conflict"140
Race and Markets Kill Social Decency: A Restatement148
Conservatives and the American Dilemma149
AppThe "Rule of 70"163
4The Political Economy of Hope and Fear166
The Predicament166
Black and Blue and Very Scared169
On Race, Poverty, and Prisons175
The Choice185
The Next Black Rebellion196
Notes199
Works Cited215
Index221
About the Author224

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