ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book examines the theory of black business development. It sets out to identify and weigh the factors that influence the formation and survival of black-owned businesses. The book argues that considerable emphasis is being placed on the length of business ownership as an indicator of contemporary business performance and future business survival. It also examines the differential effects of net migration and education on black-to-black, white-to-white, and overall income inequality. The book explores economic aspects of race in historical perspective and demonstrates that the study of racial discrimination is a proper subject for economists. It provides a model that breaks sharply from the neo-classical approach and describes the distinction between discrimination and racism. The book focuses principally on the impact on African Americans of Federal Government programs to improve health and welfare in the nation at large.
