The income of blacks in most northern industrial states today is lower relative to the income of whites than in 1949.Fusfeld and Bates examine the forces that have led to this state of affairs and find that these economic relationships are the product of a complex pattern of historical development and change in which black-white economic relationships play a major part, along with patterns of industrial, agricultural, and technological change and urban development. They argue that today's urban racial ghettos are the result of the same forces that created modern America and that one of the by-products of American affluence is a ghettoized racial underclass. These two themes, they state, are essential for an understanding of the problem and for the formulation of policy. Poverty is not simply the result of poor education, skills, and work habits but one outcome of the structure and functioning of the economy. Solutions require more than policies that seek to change people: they await a recognition that basic economic relationships must be changed.
In recent years there has been increasing discontent with the abstract nature of mainstream economics. Not only does this make the subject less relevant to real issues, it drives a wedge between economics and other disciplines ostensibly addressing the same issues. This text explores the ways in which economics might be reconnected, both with the real world and with other disciplines. Daniel R. Fusfeld - Emeritus Professor of Economics at the University of Michigan, Ann Arbor - is renowned for his passion in extending the borderlines of economics - both to better the discipline itself and in the interests of the welfare of his fellow human beings. In this volume friends, former students and colleagues all recognize his role as an educator, scholar and social activist. As the title of the volume suggests, most of the essays, (although they vary widely in focus, content, and worldview), share Fusfeld's vision; they assume a critical standpoint towards orthodox economics, economic theory, or political economy.
The income of blacks in most northern industrial states today is lower relative to the income of whites than in 1949.Fusfeld and Bates examine the forces that have led to this state of affairs and find that these economic relationships are the product of a complex pattern of historical development and change in which black-white economic relationships play a major part, along with patterns of industrial, agricultural, and technological change and urban development. They argue that today's urban racial ghettos are the result of the same forces that created modern America and that one of the by-products of American affluence is a ghettoized racial underclass. These two themes, they state, are essential for an understanding of the problem and for the formulation of policy. Poverty is not simply the result of poor education, skills, and work habits but one outcome of the structure and functioning of the economy. Solutions require more than policies that seek to change people: they await a recognition that basic economic relationships must be changed.
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