In this important book, an eminent authority presents a new perspective on affirmative action, investigating its actual consequences in the United States and in other countries where it has been in effect. Evaluating his empirical data, Thomas Sowell concludes that race preference programs...

Rethinking the trade-off between growth and equality -- Varieties of capitalism -- Income distribution and labor markets -- Employment performance -- Macro-economic management and wage bargaining -- Participation, security, mobility, and skills -- Welfare states, redistribution, and growth --...