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Title: The Economics of Discrimination by Gary Stanley Becker ISBN: 0-226-04116-6 Publisher: University of Chicago Press Pub. Date: August, 1971 Format: Paperback Volumes: 1 List Price(USD): $17.00 |
Average Customer Rating: 3.8 (5 reviews)
Rating: 5
Summary: The definitive work on discrimination
Comment: The Economics of Discrimination is the single most important book written about the topic of discrimination. Dr. Becker, a scholar of the Chicago school, won the Nobel Prize for his pioneering work in topics such as discrimination. In this book, the founding father of economic "imperialism" (the application of rational choice models to the topics usually reserved for other disciplines), presents an interesting hypothesis: free markets, through the profit maximizing incentive, are the best way to combat racism and bigotry.
The logic is simple: bigotry, if practiced by employers, has a cost. The best, most greed-driven profit maximizers will have no demand for this sort of strange, cost-imposing behavior. In a competitive market, we can expect that this behavior would lead directly to bankruptcy, and rightly so. Free markets provide the profit incentive for a color-blind society. Where would you expect to see the most discrimination, then? Government, of course, because it lacks profit incentives. Not-for-profit organizations are also easy victims. In other venues, discrimination is just too costly to be viable. Restrictions on the ability to choose, though, do nothing to stop bigotry, only to encourage it.
This book delves in to this argument in great detail with total academic honesty, and it is thoroughly researched, well documented, and succinctly presented. Dr. Becker is a first rate scientist and an excellent writer, and even though this was written early in his academic career it still carries his signature style. This book is a complete, definitive, authoritative work on the subject, but also suitable as an introduction. It could be readable by anyone with elementary economic knowledge, and even by the intelligent lay person. Anyone who wants to know what discrimination is really about and what we can do about it would do well to read and understand this book. No argument about discrimination is complete without understanding the logic and models Dr. Becker presents.
As a contribution to an impressive trend of applying the economic way of thinking to the most important issues we face, this book is absolutely invaluable. If this book interests you as much as it did me, you may want to read other books by Dr. Becker. For more about discrimation, though, try The State Against Blacks by Walter Williams.
Rating: 3
Summary: straightforward logic
Comment: If entrepreneurs value profits above all else, then they will base their decisions on profits rather than race. This seems simple enough, though many lefties manage to avoid understanding this simple logic. Instead, they often try to dodge the content of this book by denouncing Becker's work as "garbage" without ever addressing the content of this book. The world would be a much better place if lefties would simply practice intellectual honesty when they read- but then they would cease to be lefties.
Rating: 5
Summary: No
Comment: I disagree, but the previous reviewer has a right to be wrong.
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Title: A Treatise on the Family (enlarged edition) by Gary Stanley Becker ISBN: 0674906993 Publisher: Harvard Univ Pr Pub. Date: October, 1993 List Price(USD): $29.95 |
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Title: The Economic Approach to Human Behavior by Gary Stanley Becker ISBN: 0226041123 Publisher: University of Chicago Press Pub. Date: October, 1978 List Price(USD): $17.00 |
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Title: Human Capital: A Theoretical and Empirical Analysis, With Special Reference to Education by Gary Stanley Becker ISBN: 0226041204 Publisher: University of Chicago Press Pub. Date: December, 1993 List Price(USD): $19.00 |
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Title: The Essence of Becker (Hoover Institute Press Publication, 426.) by Gary Stanley Becker, Pedro Schwartz, Ramon Febrero ISBN: 0817993428 Publisher: Hoover Inst Pr Pub. Date: October, 1995 List Price(USD): $25.95 |
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Title: The Economics of Life: From Baseball to Affermative Action to Immigration, How Real-World Issues Affect Our Everyday Life by Gary S. Becker, Guity Nashat Becker ISBN: 0070067090 Publisher: McGraw-Hill Trade Pub. Date: 01 January, 1998 List Price(USD): $14.95 |
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