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Labor Economics Commons

Open Access. Powered by Scholars. Published by Universities.®

2017

Bard College

Racial Wealth Inequality

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Full-Text Articles in Labor Economics

Institutionalized: How Racial Wealth Inequality Creates A Cycle Of Mass Incarceration, Alphonso C. Kenneth Jan 2017

Institutionalized: How Racial Wealth Inequality Creates A Cycle Of Mass Incarceration, Alphonso C. Kenneth

Senior Projects Fall 2017

Racial wealth inequality is a relentless cycle that operates uniquely in America because it implies that the racial consequences of racism continue to influence decisions made in structures and institutions and create unjust economic relationships between white and Black people in America.(Richard F. America) The recent political discourse alleges, by asserting neoclassical theory, that the wealth divide is resultant of differences in self-determination, prioritization, and work ethic alone varying across racial demographics — reinforcing the assumption that some races of people (Whites and Asians, for example) work harder than others(like Blacks). Therefore, by the transitive property, racial wealth inequality is …