I'll go on a little rant about this paper in @QJEHarvard if only for its treatment of the literature. As it's clearly not the first paper to analyze Black economic progress after slavery, we'll focus on the value-added over previous research. An important reference here is Sacerdote (ReStat 2005) "Slavery and the Intergenerational Transmission of Human Capital". by @AndreasShrugged(Andreas Backhaus) | Twitter Thread Reader

The American Black Bourgeoisie, a story

*The American Black Bourgeoisie is affirmed on this date in 1619. They are America’s Black upper class based on financial income. The Black Bourgeoisie comprises engineers, lawyers, accountants, doctors, politicians, business executives, venture capitalists, CEOs, celebrities, entertainers, entrepreneurs, and heirs with annual incomes of $200,000 or more.  This social class sometimes referred to as the […]

Can We Detect the Effects of Racial Violence on Patenting? Reanalyzing an Article by Lisa Cook · Econ Journal Watch : Reanalysis, replication, conflict, innovation

In 2014, Lisa Cook published an article in Journal of Economic Growth titled, “Violence and Economic Activity: Evidence from African American Pa…

CMV: The labor theory of value is flawed

72 votes, 407 comments. This might be an obscure topic, however, in some—largely Marxist circles— the approach seems to motivate much of the dialogue…

The Case for Reparations

Two hundred fifty years of slavery. Ninety years of Jim Crow. Sixty years of separate but equal. Thirty-five years of racist housing policy. Until we reckon with our compounding moral debts, America will never be whole.

Anarchism and The Black Revolution and Other Essays

An analysis of white supremacy vs the black struggle an…

Black Marxism, Revised and Updated Third Edition by Cedric J Robinson | East Bay Booksellers

In this ambitious work, first published in 1983, Cedric Robinson demonstrates that efforts to understand Black people’s history of resistance solely through the prism of Marxist theory are incomplete and inaccurate.

Global Inequality — Harvard University Press

Winner of the Bruno Kreisky Prize, Karl Renner InstitutA Financial Times Best Economics Book of the Year An Economist Best Book of the Year A Livemint Best Book of the YearOne of the world’s leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice.“The data [Milanovic] provides offer a clearer picture of great economic puzzles, and his bold theorizing chips away at tired economic orthodoxies.”—The Economist“Milanovic has written an outstanding book…Informative, wide-ranging, scholarly, imaginative and commendably brief. As you would expect from one of the world’s leading experts on this topic, Milanovic has added significantly to important recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon…Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades.—Martin Wolf, Financial Times

John Brown, abolitionist : the man who killed slavery, sparked the Civil War, and seeded civil rights : Reynolds, David S., 1948-

Includes bibliographical references and index

Economic Manuscripts: VALUE, PRICE AND PROFIT

Value, Price and Profit

Imperialist appropriation in the world economy: Drain from the global South through unequal exchange, 1990–2015

Unequal exchange theory posits that economic growth in the “advanced economies” of the global North relies on a large net appropriation of resources and labour from the global South, extracted through price differentials in international trade. Past attempts to estimate the scale and value of this drain have faced a number of conceptual and empirical limitations, and have been unable to capture the upstream resources and labour embodied in traded goods. Here we use environmental input-output data and footprint analysis to quantify the physical scale of net appropriation from the South in terms of embodied resources and labour over the period 1990 to 2015. We then represent the value of appropriated resources in terms of prevailing market prices. Our results show that in 2015 the North net appropriated from the South 12 billion tons of embodied raw material equivalents, 822 million hectares of embodied land, 21 exajoules of embodied energy, and 188 million person-years of embodied labour, worth $10.8 trillion in Northern prices – enough to end extreme poverty 70 times over. Over the whole period, drain from the South totalled $242 trillion (constant 2010 USD). This drain represents a significant windfall for the global North, equivalent to a quarter of Northern GDP. For comparison, we also report drain in global average prices. Using this method, we find that the South’s losses due to unequal exchange outstrip their total aid receipts over the period by a factor of 30. Our analysis confirms that unequal exchange is a significant driver of global inequality, uneven development, and ecological breakdown.

Voluptuous Disintegration: A Future History of Black Computational Thought

I really think that I know that Americans now are simply overwhelmed; like what is happening, what can we do. Everybody's tendency is understandably to try to take care of yourself; cover your back, make sure you have a house, a door for the key. I say that as understandable as that is, it seems to me that we cannot afford to divorce ourselves from what is happening in South Africa, for example, or for that matter, what is happening in West Germany, or Poland any more than the Reagan administration divides these issues. I think that the Reagan Administration and people in that; they see everything in global terms. From Brooklyn to Angola is not a big jump for them at all. I think that unless we, the people, begin to think in the same way, to make these connections, really on a visceral level, I feel for the survival of the species [Jordan 1981]