State Per-Capita Income Change Since 1950: Sharecropping's Collapse and Other Causes of Convergence

by Leonard F. Wheat and William H. Crown

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This book refutes prevailing theories that attribute post-1950 state per capita income convergence to (1) neo-classical adjustment mechanisms, (2) institutional sclerosis, and (3) southern industrialization. Wheat and Crown argue that southern income was low because of slavery's legacy--sharecropping, agricultural dependence, low urbanization, poor education, high Black population percentages, and low wage rates. The legacy's dominant feature was...

Format:Hardcover

Language:English

ISBN:0313296944

ISBN13:9780313296949

Release Date:November 1995

Publisher:Praeger

Length:200 Pages

Weight:1.00 lbs.

Dimensions:0.5" x 6.1" x 9.2"

Related Subjects

Business Business & Investing Economics Macroeconomics Modern (16th-21st Centuries) Popular Economics

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State Per-Capita Income Change Since 1950: Sharecropping's Collapse and Other Causes of Convergence

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