In *Human Diversity*, Charles Murray examines the biological underpinnings of gender, race, and class differences, arguing that advances in genetics and neuroscience are challenging long-held social science dogmas. The book delves into the complexities of these differences without sensationalism, emphasizing both the unique aspects of human groups and their shared humanity. Murray critiques the view that gender and race are purely social constructs, suggesting that biology plays a significant role in understanding these categories.
In 'Social Choice and Individual Values', Kenneth Arrow examines the difficulties of aggregating individual preferences into a collective decision. The book introduces Arrow's Impossibility Theorem, which states that no voting system can simultaneously satisfy conditions like nondictatorship, Pareto efficiency, and independence of irrelevant alternatives. This theorem has had a profound impact on welfare economics, political science, and decision-making theory.
In 'Little Science, Big Science', Derek J. de Solla Price examines the shift from small-scale, individual scientific endeavors to large-scale, collaborative research projects. He discusses the exponential growth of science, noting that the number of scientists and publications doubles approximately every 10 to 15 years. The book also introduces the concept of scientometrics, a field focused on the quantitative analysis of scientific development.
In this influential article, Sherwin Rosen explores the economics behind the superstar phenomenon, explaining how unique talent can lead to significant income disparities. He argues that the ability to project talent to a larger audience amplifies earnings without proportionally increasing costs, contributing to the concentration of wealth among superstars.
In *The Anatomy of Racial Inequality*, Glenn Loury presents a compelling analysis of racial inequality in America, arguing that the problem is not just discrimination but rather racial stigma. He advocates for policies that address this stigma and promote race-egalitarianism over race-blindness. The book offers a fresh perspective by integrating insights from economics, sociology, and social psychology to understand the persistent social and economic disadvantages faced by African Americans.
In 'Race, Incarceration, and American Values', Glenn Loury critiques the U.S. criminal justice system, highlighting how it disproportionately affects racial minorities and reflects broader societal issues of racial inequality. He argues that the punitive turn in American politics has exacerbated racial hierarchies, creating a 'nether class' of Americans with severely restricted rights and life chances.
This episode was recorded on October 12, 2021
Dr. Glenn Loury and I discuss the Pareto principle, the economics of inequality, PC culture, climate change, race in America, IQ and The Bell Curve, intelligence vs. wisdom, AA meetings, Christianity, and more.
Dr. Glenn Loury is an American economist, academic, and author. In 1982, he became the first African American tenured professor of economics at Harvard. Among Dr. Loury’s published works are The Anatomy of Racial Inequality and Race, Incarceration, & American Values. He was elected president of the Eastern Economics Association in 2013 and received the Bradley Prize in 2022.
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Links
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Dr. Loury’s substack:
http://glennloury.substack.com
The Glenn Show:
https://youtube.com/channel/UCuEhthcgt1AImOzXPYsMzeQ
The Anatomy of Racial Inequality: https://amazon.com/Anatomy-Racial-Inequality-Preface-Lectures/dp/0674260465/ref=asc_df_0674260465/?tag=hyprod-20&linkCode=df0&hvadid=519487730108&hvpos=&hvnetw=g&hvrand=770218243983853108&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9019578&hvtargid=pla-1454356324992&psc=1
Race, Incarceration, and American Values:
https://amazon.com/gp/product/B08BT4WHFG/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i2
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Chapters
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[0:00] Intro
[01:23] Dr. Loury’s Career
[04:38] The Pareto Principle
[10:51] Market Failure & Climate Change
[11:57] The G Factor (general intelligence factor)
[13:45] Why Stephen Jay Gould Is Wrong
[17:01] Neuroticism & Divorce
[26:06] Race & Incarceration in the US
[36:16] Culture & Biology
[38:09] The 80/20 Principle
[47:20] Openness & Entrepreneurs
[49:21] Meaningful Work & Inequality
[56:35:] The Bell Curve
[01:01:09] Political Correctness around IQ
[01:14:58] Dr. Loury's (Shifting) Political Views
[01:21:09] Drug Addiction & Spiritual Transformation
[01:27:10] Intelligence vs. Wisdom
[01:30:16] The Glenn Show
[01:35:40] George Floyd
The Jordan B. Peterson Podcast 
