Leading Issues in Black Political Economy brings together the
foremost experts on issues ranging from employment, training, and
education of African Americans. It also emphasizes macro-economic
concerns of business development with special emphasis on long-term
trends of black-owned businesses. The work emphasizes welfare
considerations in an anti-welfare epoch, and the role of
affirmative action now that it is under attack. Attention is given
to the role of race in the continuing disparity of income
distribution in American society. The highlights of Leading Issues
include "An Employment and Business Strategy for the Next Century:
A Comment," by Thomas D. Boston; "Long Term Trends and Prospects
for Black-owned Business," by Andrew F. Brimmer; "Is the U.S. Small
Business Administration a Racist Institution?" by Timothy Bates;
"Worker Re-Training and Labor Market Outcomes: A New Focus for
Labor Research," by James B. Stewart; "Race, Cognitive Skills,
Psychological Capital, and Wages," by Arthur H. Goldsmith, William
Darity, Jr., and Jonathan R. Veum; and "Reparations and Public
Policy," by Richard F. America. The overall findings suggest that
empirical wage equation specifications do matter. The role of
psychological capital is critical in the marketplace. Race is
indeed an important determinant of wages-especially when the
influence of both cognitive skills and psychological capital are
included in the wage equation. This volume will be of crucial
interest to economists, political scientists, sociologists, and
policy analysts studying African-American life. Thomas D. Boston is
editor of the Review of Black Political Economy and professor of
economics at the Georgia Institute of Technology. He is the
co-editor, with Catherine L. Ross, of The Inner City: Urban Poverty
and Economic Development in the Next Century, also available from
Transaction.
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