''Race and Economics'' is a book by

Thomas Sowell Thomas Sowell (; born June 30, 1930) is an American author, economist, political commentator and academic who is a senior fellow at the Hoover Institution. With widely published commentary and books—and as a guest on TV and radio—he becam ...

, in which the author analyzes the relationship between

race Race, RACE or "The Race" may refer to: * Race (biology), an informal taxonomic classification within a species, generally within a sub-species * Race (human categorization), classification of humans into groups based on physical traits, and/or s ...

and

wealth Wealth is the abundance of Value (economics), valuable financial assets or property, physical possessions which can be converted into a form that can be used for financial transaction, transactions. This includes the core meaning as held in the ...

in the United States, specifically, that of

blacks Black is a racialized classification of people, usually a political and skin color-based category for specific populations with a mid to dark brown complexion. Not all people considered "black" have dark skin; in certain countries, often in ...

. The book was initially published by

David McKay Company David McKay Publications (also known as David McKay Company) was an American book publisher which also published some of the first comic books, including the long-running titles ''Ace Comics'', ''King Comics (David McKay), King Comics'', and ''M ...

in January 1975.

Overview

Sowell makes three basic arguments. First, he examines the economic impact of

slavery Slavery and enslavement are both the state and the condition of being a slave—someone forbidden to quit one's service for an enslaver, and who is treated by the enslaver as property. Slavery typically involves slaves being made to perf ...

, in the United States, the

West Indies The West Indies is a subregion of North America, surrounded by the North Atlantic Ocean and the Caribbean Sea that includes 13 independent island countries and 18 dependencies and other territories in three major archipelagos: the Greater A ...

, and elsewhere. He distinguishes rural slavery from urban slavery, and circumstances in which blacks so predominated that many economic tasks fell to them of necessity, from circumstances in which blacks were punished for initiative and the development of skills. Next, he compares the economic skills, circumstances, and successes of American blacks, other blacks,

Puerto Ricans Puerto Ricans ( es, Puertorriqueños; or boricuas) are the people of Puerto Rico, the inhabitants, and citizens of the Commonwealth of Puerto Rico and their descendants. Overview The culture held in common by most Puerto Ricans is referred t ...

Chicano Chicano or Chicana is a chosen identity for many Mexican Americans in the United States. The label ''Chicano'' is sometimes used interchangeably with ''Mexican American'', although the terms have different meanings. While Mexican-American ident ...

Jew Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""Th ...

Irish Irish may refer to: Common meanings * Someone or something of, from, or related to: ** Ireland, an island situated off the north-western coast of continental Europe ***Éire, Irish language name for the isle ** Northern Ireland, a constituent unit ...

Italians , flag = , flag_caption = The national flag of Italy , population = , regions = Italy 55,551,000 , region1 = Brazil , pop1 = 25–33 million , ref1 = , region2 ...

Scot The Scots ( sco, Scots Fowk; gd, Albannaich) are an ethnic group and nation native to Scotland. Historically, they emerged in the early Middle Ages from an amalgamation of two Celtic-speaking peoples, the Picts and Gaels, who founded t ...

s, and other

ethnic group An ethnic group or an ethnicity is a grouping of people who identify with each other on the basis of shared attributes that distinguish them from other groups. Those attributes can include common sets of traditions, ancestry, language, history, ...

s. He notes statistical quirks; ''e.g.'', comparisons of per capita income need to be checked against the median age of the groups concerned. The median age of

Russians , native_name_lang = ru , image = , caption = , population = , popplace = 118 million Russians in the Russian Federation (2002 ''Winkler Prins'' estimate) , region1 = , pop1 ...

in the U.S. at the time of the book's publishing (1975) was 47, of the Irish 36, of blacks 23, of Puerto Ricans, 18. Income tends to be higher in higher age cohorts; and unemployment tends to be higher in lower cohorts. If one matches age cohort to age cohort—those in their twenties, in their thirties, in their forties, etc., comparisons are considerably more just. He also argues that the stark comparisons between "

whites White is a racialized classification of people and a skin color specifier, generally used for people of European origin, although the definition can vary depending on context, nationality, and point of view. Description of populations as " ...

" and "blacks" are misleading. His third argument criticizes past governmental and economic policies, and opens up questions for the future. He has criticisms to make of liberals, radicals, and

conservatives Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization in ...

, each of whom, he finds, protect their favorite illusions with respect to blacks. ''Race and Economics'' greatly influenced

Supreme Court A supreme court is the highest court within the hierarchy of courts in most legal jurisdictions. Other descriptions for such courts include court of last resort, apex court, and high (or final) court of appeal. Broadly speaking, the decisions of ...

Justice

Clarence Thomas Clarence Thomas (born June 23, 1948) is an American jurist who serves as an associate justice of the Supreme Court of the United States. He was nominated by President George H. W. Bush to succeed Thurgood Marshall and has served since 199 ...

References

{{Thomas Sowell 1975 non-fiction books Books by Thomas Sowell Economics books Non-fiction books about American slavery Race and society