A shockingly frank memoir from a prize-winning economist, reflecting on his remarkable personal odyssey and his changing positions on identity, race, and belief. Economist Glenn C. Loury is one of the most prominent public intellectuals of our time: he’s often radically opposed to the political mainstream, and delights in upending what’s expected of a Black public figure. But more so than the arguments themselves—on affirmative action, institutional racism, Trumpism—his public life has been characterized by fearlessness and a willingness to recalibrate strongly held and forcefully argued beliefs. Loury grew up on the south side of Chicago, earned a PhD in MIT’s economics program, and became the first Black tenured professor of economics at Harvard at the age of thirty-three. He has been, at turns, a young father, a drug addict, an adulterer, a psychiatric patient, a born-again Christian, a lapsed born-again Christian, a Black Reaganite who has swung from the right to the left and back again. In Late Admissions, Loury examines what it means to chart a sense of self over the course of a tempestuous, but well-considered, life.

Why stigmatizing and confining a large segment of our population should be unacceptable to all Americans. The United States, home to five percent of the world's population, now houses twenty-five percent of the world's prison inmates. Our incarceration rate—at 714 per 100,000 residents and rising—is almost forty percent greater than our nearest competitors (the Bahamas, Belarus, and Russia). More pointedly, it is 6.2 times the Canadian rate and 12.3 times the rate in Japan. Economist Glenn Loury argues that this extraordinary mass incarceration is not a response to rising crime rates or a proud success of social policy. Instead, it is the product of a generation-old collective decision to become a more punitive society. He connects this policy to our history of racial oppression, showing that the punitive turn in American politics and culture emerged in the post-civil rights years and has today become the main vehicle for the reproduction of racial hierarchies. Whatever the explanation, Loury argues, the uncontroversial fact is that changes in our criminal justice system since the 1970s have created a nether class of Americans—vastly disproportionately black and brown—with severely restricted rights and life chances. Moreover, conservatives and liberals agree that the growth in our prison population has long passed the point of diminishing returns. Stigmatizing and confining of a large segment of our population should be unacceptable to Americans. Loury's call to action makes all of us now responsible for ensuring that the policy changes.

Black civil rights leaders have long supported ethnic identity politics and prioritized the integration of political institutions, and seldom has that strategy been questioned. In False Black Power?, Jason L. Riley takes an honest, factual look at why increased black political power has not paid off in the ways that civil rights leadership has promised. Recent decades have witnessed a proliferation of black elected officials, culminating in the historic presidency of Barack Obama. However, racial gaps in employment, income, homeownership, academic achievement, and other measures not only continue but in some cases have even widened. While other racial and ethnic groups in America have made economic advancement a priority, the focus on political capital for blacks has been a disadvantage, blocking them from the fiscal capital that helped power upward mobility among other groups. Riley explains why the political strategy of civil rights leaders has left so many blacks behind. The key to black economic advancement today is overcoming cultural handicaps, not attaining more political power. The book closes with thoughtful responses from key thought leaders Glenn Loury and John McWhorter.

Loury calls on Americans of all races to break free of stereotypical thinking on "liberal" & "conservative" issues & restore balance in seeking solutions to build a new consensus for civil rights. Includes reviews of books on the topics.

"A Manhattan Institute for Policy Research book"--T.p. verso. Includes index. Bibliography: p. 167-173.

Speaking wisely and provocatively about the political economy of race, Glenn Loury has become one of our most prominent black intellectuals--and, because of his challenges to the orthodoxies of both left and right, one of the most controversial. A major statement of a position developed over the past decade, this book both epitomizes and explains Loury's understanding of the depressed conditions of so much of black society today--and the origins, consequences, and implications for the future of these conditions. Using an economist's approach, Loury describes a vicious cycle of tainted social information that has resulted in a self-replicating pattern of racial stereotypes that rationalize and sustain discrimination. His analysis shows how the restrictions placed on black development by stereotypical and stigmatizing racial thinking deny a whole segment of the population the possibility of self-actualization that American society reveres--something that many contend would be undermined by remedies such as affirmative action. On the contrary, this book persuasively argues that the promise of fairness and individual freedom and dignity will remain unfulfilled without some forms of intervention based on race. Brilliant in its account of how racial classifications are created and perpetuated, and how they resonate through the social, psychological, spiritual, and economic life of the nation, this compelling and passionate book gives us a new way of seeing--and, perhaps, seeing beyond--the damning categorization of race in America.

While taking a class on infinity at Stanford in the late 1980s, Ravi Kapoor discovers that he is confronting the same mathematical and philosophical dilemmas that his mathematician grandfather had faced many decades earlier--and that had landed him in jail. Charged under an obscure blasphemy law in a small New Jersey town in 1919, Vijay Sahni is challenged by a skeptical judge to defend his belief that the certainty of mathematics can be extended to all human knowledge--including religion. Together, the two men discover the power--and the fallibility--of what has long been considered the pinnacle of human certainty, Euclidean geometry. As grandfather and grandson struggle with the question of whether there can ever be absolute certainty in mathematics or life, they are forced to reconsider their fundamental beliefs and choices. Their stories hinge on their explorations of parallel developments in the study of geometry and infinity--and the mathematics throughout is as rigorous and fascinating as the narrative and characters are compelling and complex. Moving and enlightening, A Certain Ambiguity is a story about what it means to face the extent--and the limits--of human knowledge.

Economic inequality continues to be one of America’s most hotly debated topics. Still, there has been relatively little discussion of the fact that black-white gaps in joblessness, income, poverty and other measures were shrinking before the pandemic. Why was it happening, and why did this phenomenon go unacknowledged by so much media? In The Black Boom, Jason L. Riley—acclaimed Wall Street Journal columnist and senior fellow at the Manhattan Institute—digs into the data and concludes that the economic lives of black people improved significantly under policies put into place during the Trump administration. To acknowledge as much is not to endorse the 45th president but to champion policies that achieve a clear moral objective shared by most Americans. Riley argues that before the Covid-19 pandemic of 2020, the economic fortunes of blacks improved under Trump to an extent unseen under Obama and unseen going back several generations. Black unemployment and poverty reached historic lows, and black wages increased faster than white wages. Less inequality is something that everyone wants, but disapproval of Trump’s personality and methods too often skewed the media’s appraisal of effective policies advocated by his administration. If we're going to make real progress in improving the lives of low-income minorities, says Riley, we must look beyond our partisan differences at what works and keep doing it. Unfortunately, many press outlets were unable or unwilling to do that. Riley notes that political reporters were not unaware of this data. Instead, they chose to ignore or downplay it because it was inconvenient. In their view, Trump, because he was a Republican and because he was Trump, had it in for blacks, and thus his policy preferences would be harmful to minorities. To highlight that significant racial disparities were narrowing on his watch—that the administration’s tax and regulatory reforms were mainly boosting the working and middle classes rather than ‘the rich’—would have undermined a narrative that the media preferred to advance, regardless of its veracity.” As with previous books in our New Threats to Freedom series, The Black Boom includes two essays from prominent experts who take issue with the author’s perspective. Juan Williams, a veteran journalist, and Wilfred Reilly, a political scientist, contribute thoughtful responses to Riley and show that it is possible to share a deep concern for disadvantaged groups while disagreeing on how best to help them.

An exhaustively researched history of black families in America from the days of slavery until just after the Civil War.