How can economics be black? Mainstream economists argue that overall economics is a science founded in mathematical theorems and quantifiable phenomena. While there is ample room to study race relations to brand the entire science black would be irrational. Economics is neither pink nor brown or any other color.
Yet there is an inescapable realization that economics is not a science rooted in cold hard facts but cold hard assumptions.
So, if the underlying assumptions are that people of color are miscreants and that trust is fundamental to markets it is no surprise that there is a derth of black and brown billionaires, executives, judges and governors.
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