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Being Black, Living in the Red demonstrates that many differences between blacks and whites stem not from race but from economic inequalities that have accumulated over the course of American history. Property ownership—as measured by net worth—reflects this legacy of economic oppression. The racial discrepancy in wealth holdings leads to advantages for whites in the form of better schools, more desirable residences, higher wages, and more opportunities to save, invest, and thereby further their economic advantages. A new afterword by the author summarizes Conley’s recent research on racial differences in wealth mobility and security and discusses potential policy solutions to the racial asset gap and America’s low savings rate more generally.
Price: $29.95
Pages: 240
Publisher: University of California Press
Imprint: University of California Press
Publication Date:
10 December 2009
Trim Size: 9.00 X 6.00 in
ISBN: 9780520261303
Format: Paperback
"Being Black, Living in the Red is an important contribution to our overall understanding of social stratification in modern society. It provides an excellent introduction to the subject for students and is an important piece of scholarship for all social scientists interested in inequality."
"Being Black, Living in the Red provides an insightful and thorough analysis of America's racial wealth gap. . . . A major statement that demands the attention of scholars, policy makers, and others interested in race and class dynamics in America. This book cannot be ignored, and it deserves credit for moving the discussion of race and class inequality forward in important new ways. Perhaps most important, it makes it possible to consider several policy options that are not usually part of the debate."
"Within the race-versus-class framework, this is an outstanding book . . . A must read. The policy implications are weighty. As Conley argues, current policies meant to address racial inequality will not work. Equality of opportunity, given that wealth begets wealth, will never be enough to move toward racial equality. And it is with this realization that our nation must now wrestle."
"Conley develops a very cogent argument for reorienting the debate of race and poverty. . . . In the context of the larger race-and- wealth discourse, Conley's work is an important contribution that adds a different dimension to the traditional notions of 'class.'"
"Being Black, Living in the Red cogently and convincingly argues that much of the literature on racial disparities—in education, employment, and welfare receipt—suffers from a missing variable problem. The missing variable is family wealth."
Dalton Conley is University Professor, Chair of Sociology, and Acting Dean of Social Sciences at New York University. He is also Research Associate at the National Bureau of Economic Research and Adjunct Professor of Community Medicine at Mt.Sinai School of Medicine.
Acknowledgments
1. Wealth Matters
2. Forty Acres and a Mule: Historical and Contemporary Obstacles to Black Property Accumulation
3. From Financial to Social to Human Capital:Assets and Education
4. Up the Down Escalator: Wealth, Work, and Wages
5. It Takes a Village? Premarital Childbearing and Welfare Dependency
6. Getting into the Black: Conclusions and Policy Implications
Afterword: Living in the Red, a Decade Later
Appendix
Notes
Index
1. Wealth Matters
2. Forty Acres and a Mule: Historical and Contemporary Obstacles to Black Property Accumulation
3. From Financial to Social to Human Capital:Assets and Education
4. Up the Down Escalator: Wealth, Work, and Wages
5. It Takes a Village? Premarital Childbearing and Welfare Dependency
6. Getting into the Black: Conclusions and Policy Implications
Afterword: Living in the Red, a Decade Later
Appendix
Notes
Index