Corpus ID: 38504493

The Statistical Theory of Racism and Sexism

@article{Phelps1972TheST,
  title={The Statistical Theory of Racism and Sexism},
  author={E. Phelps},
  journal={The American Economic Review},
  year={1972},
  volume={62},
  pages={659-661}
}
  • E. Phelps
  • Published 1972
  • Economics
  • The American Economic Review
My recent book, Inflation Policy and Unemployment Theory, introduces what is called the statistical theory of racial (and sexual) discrimination in the labor market.' The theory fell naturally out of the non-Walrasian treatment there of the labor "market" as operating imperfectly because of the scarcity of information about the existence and characteristics of workers and jobs. A paradigm for the theory is the traveller in a strange town faced with choosing between dinner at the hotel and… Expand
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