Race, Markets, and Social Outcomes

THE JANUS-FACE OF RACE: REFLEC- TIONS ON ECONOMIC THEORY Patrick L. Mason and Rhonda Williams Many economists are willing to accept that race is a significant factor in US eco­ nomic and social affairs. Yet the professional literature displays a peculiar schizo­ phrenia when faced with the task of actually formulating what race means and how race works in our political economy. On the one hand, ra...