Glenn Loury Discusses his Sensational and Shockingly Frank Autobiography -- Late Admissions: Confessions of a Black Intellectual

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Professor Laurence Kotlikoff welcomes Glenn Loury, a distinguished economist and public intellectual renowned for his insightful analyses on racial inequality, affirmative action, and social policy. Hailing from a humble background on the south side of Chicago, Loury made his mark in academia with his groundbreaking works and frank discussions on contentious issues. He became the first black tenured professor of economics at Harvard at the age of 33, authoring several influential papers and books that debate and dissect the societal underpinnings of race and economic disparities.

Topics Covered:

• Inequality and Social Dynamics
• Affirmative Action and Its Consequences
• Personal Journey and Intellectual Evolution
• Reassessing Racial Policies

Time Stamps:

00:00 Economist's memoir reflects on evolving beliefs.

09:49 Thick autobiography emphasizes telling the full truth.

• 13:44 Self-disclosure paradoxically enhances my credibility as narrator.
• 20:33 Mentor advised against eating with the economists.
• 23:48 Exciting era of theoretical bargaining paper discoveries.
• 28:28 Importance of self-doubt and academic anxiety.
• 32:24 Falsely accused assault leads to reputation damage.
• 37:29 Impressive academic achievements and potential Nobel Prize.
• 46:54 Discrimination affects worker performance and hiring standards.
• 50:33 Transformation from conservative to liberal, influential experiences.
• 55:36 Systemic issues in communities; civil rights concern.
• 01:00:29 Discovered neoconservatism, shifted from liberals to conservatives.
• 01:08:19 Stimulated by growing incarceration, advocate for racial equality.
• 01:14:02 Disagreement with D'Souza's work, critique of Bell Curve.
• 01:17:49 Lowry's views evolve, offering hope and connection.

This episode not only explores pivotal economic theories and social policies but also humanizes the often abstract debates through Loury’s personal and professional experiences. You will gain a deeper understanding of the economic mechanisms underlying societal inequalities and the real-world implications of policies intended to mitigate these disparities.

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Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

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