I've like Thomas Sowell's books for a while now. I've mainly read Sowell's books from the 1990s like his race trilogy and Inside America's Education System. Race and economics was published in 1975 so itgoes back to his early career. He provides a history about the correlation between, race, ethnicity and economics have played themselves out in America. He first deals with slavery and American blacks to see how slavery affected the American economic system and compares that Latin American and Caribbean slavery. He also looks at how slavery affected American blacks differently from Latin American/Cariibean blacks. Sowell also deals with immigrant ethnic groups like Japanese, Jews, Irish, Italians and Puerto Ricans and look at their development in America and compares them to look at their different developments and cultual beleifs. TO end, Sowell also deals with race and the market and race in governmetn. He looks at how things such as rent controls and minimum wage laws have affected minority groups. He also looks at future possibiliites of race in America looking at different approaches like the conservative approach, the reform approach and militant approach.
This book was well written, and thought provoking. It should be on every intelligent African-American's book shelf. The more black people know and understand about economics the better decisions they will make and hold their political leaders to account.
There seems to be much debate as to the worth of Thomas Sowell's writing. All I can say is-if you want to hear an African American's perspective on the American antebellum practice of african plantation slavery, this is the book you should read. And remember, whatever the author may represent in current times, may not have been true at the time of the writing of the book. Don't discount personal evolution. He states this himself-part of his personal change came about through his extensive research. It was the process of writing that changed his mind. He believed very differently before he did his reasearch. Remember that, keep and open mind, and give this book a chance. You may surprise yourself.