How bigger government harms blacks
Walter Williams fans are in for a treat -- and people who aren't Walter Williams fans are in for a shock -- when they read his latest book, "Race and Economics."
It is a demolition derby on paper, as Professor Williams destroys one after another of the popular fallacies about the role of race in the American economy.
I can still vividly recall the response to one of Walter's earliest writings, back in the 1970s, when he and I were working on the same research project in Washington. Walter wrote a brief article that destroyed the central theme of one of the fashionable books of the time, "The Poor Pay More."
It was true, he agreed, that prices were higher in low-income minority neighborhoods. But he rejected the book's claim that this was due to "exploitation," "racism" and the like.
Having written a doctoral dissertation on this subject, Walter then proceeded to show why there were higher costs of doing business in many low-income neighborhoods, and that these costs were simply passed on to the consumers there....
Folks who aren't Walter Williams fans won't read this. High school students who should read this.....can't read. Maybe Dr. Williams should make a movie....like algore did.
May be the only way to reach into the darkness....and bring people to the light.
From the Article:
.....someone called Walter "a white racist." Not many people had seen Walter at that time. But it was also a sad sign of how name-calling had replaced thought when it came to race.
Walter Williams fans are in for a treat -- and people who aren't Walter Williams fans are in for a shock -- when they read his latest book, "Race and Economics."
It is a demolition derby on paper, as Professor Williams destroys one after another of the popular fallacies about the role of race in the American economy.
I can still vividly recall the response to one of Walter's earliest writings, back in the 1970s, when he and I were working on the same research project in Washington. Walter wrote a brief article that destroyed the central theme of one of the fashionable books of the time, "The Poor Pay More."
It was true, he agreed, that prices were higher in low-income minority neighborhoods. But he rejected the book's claim that this was due to "exploitation," "racism" and the like.
Having written a doctoral dissertation on this subject, Walter then proceeded to show why there were higher costs of doing business in many low-income neighborhoods, and that these costs were simply passed on to the consumers there....
Folks who aren't Walter Williams fans won't read this. High school students who should read this.....can't read. Maybe Dr. Williams should make a movie....like algore did.
May be the only way to reach into the darkness....and bring people to the light.
From the Article:
.....someone called Walter "a white racist." Not many people had seen Walter at that time. But it was also a sad sign of how name-calling had replaced thought when it came to race.