A new way of looking at race and conspicuous consumption. - By Ray Fisman - Slate Magazine
A few years ago, Bill Cosby set off a firestorm with a speech excoriating his fellow African-Americans for, among other things, buying $500 sneakers instead of educational toys for their children. In a recent book, Come On People, he repeats his argument t
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Tags: sociology, economics, race, culture
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~C4Chaos | A new way of looking at race and conspicuous consumption.... |
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January 14, 2008 |
Bill Cosby may be right about African-Americans spending a lot on expensive sneakers—but he's wrong about why. |
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