By Melvin Oliver, Thomas Shapiro
The award-winning Black Wealth / White Wealth offers a strong portrait of racial inequality in response to an research of non-public wealth. Melvin Oliver and Thomas Shapiro's groundbreaking learn analyzes wealth - overall resources and money owed instead of source of revenue by myself - to discover deep and chronic racial inequality in the USA, and so they express how public rules have did not redress the problem.
First released in 1995, Black Wealth / White Wealth is taken into account a vintage exploration of race and inequality. It supplied, for the 1st time, systematic empirical proof that defined the racial inequality hole among blacks and whites. The 10th Anniversary version comprises completely new and sizeable chapters. those chapters examine the ongoing problems with wealth and inequality in the US and the recent guidelines which have been introduced long ago ten years. a few were innovative whereas others in basic terms recreate inequality - for instance the concept to cast off the property tax.
Compelling and likewise informative, Black Wealth / White Wealth is not only pioneering learn. it's also a robust counterpoint to arguments opposed to affirmative motion and an instantaneous problem to present social welfare rules which are tilted in the direction of the wealthy.
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Extra info for Black Wealth / White Wealth: A New Perspective on Racial Inequality
The critical importance of the notion of equality needs a firm foundation. It is similarly crucial to present the logic behind and the importance of examining wealth as an indicator of life chances and inequality. 19 While this broadly defined concern involves many complex layers, our analysis will focus mainly on the fundamental material aspects of inequality. The specific level of analysis will thus feature disparities in life chances and command over economic resources between and among blacks and whites.
While resources theoretically imply both income and wealth, the reality for most families is that income supplies the necessities of life, while wealth represents a kind of “surplus” resource available for improving life chances, providing further opportunities, securing prestige, passing status along to one’s family, and influencing the political process. indb 32 3/23/06 4:54:21 PM Race, Wealth, and Equality / 33 importantly complement existing income data. An investigation of wealth will also help us formulate a more detailed picture of racial differences in wellbeing.
We therefore turn to a theoretical discussion of wealth and race that develops aspects of traditional race and class arguments in an attempt to illuminate the processes that have led to wealth disparities between black and white Americans. Toward a Sociology of Race and Wealth A sociology of race and wealth must go beyond the traditional analysis of wealth that economists have elaborated. Economists begin with the assumption that wealth is a combination of inheritance, earnings, and savings and is enhanced by prudent consumption and investment patterns over a person’s lifetime.