An Economic Detour
Book description
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Why read it?
1 author picked An Economic Detour as one of their favorite books. Why do they recommend it?
This classic work, originally published in 1940, provides a panoramic examination of African American insurance companies (including a detailed overview of individual firms).
Although An Economic Detour focuses on black insurers, its’ broader analysis encompassed all black-owned enterprises during this period. Specifically, Stuart declared that, under the dictates of Jim Crow racial segregation, African American entrepreneurs were relegated to only serving African American consumers.
This, necessarily, had an inhibiting impact on their profitability. Especially since non-African American entrepreneurs also had access to the African American consumer market.
As someone who has written extensively on black-owned insurance companies, An Economic Detour…
From Robert's list on African American business history.
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