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

by Leonard F. Wheat and William H. Crown

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"