Banks, Insurance Companies, and Discrimination

17 Pages Posted: 10 Sep 2008

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Nicholas Snow

Seton Hall University

Edward Peter Stringham

Trinity College; American Institute for Economic Research

Abstract

This article examines some of the reasons why banks and insurance companies have been accused of discrimination, and shows that this is by and large a false accusation. Economic analysis demonstrates that racial discrimination is not a profit-maximizing strategy. Actually, unwise public policies are actually precluding many consumers from the market.

Suggested Citation

Block, Walter E. and SNOW, NICHOLAS and Stringham, Edward Peter, Banks, Insurance Companies, and Discrimination. Business and Society Review, Vol. 113, Issue 3, pp. 403-419, September 2008. Available at SSRN: https://ssrn.com/abstract=1265820 or http://dx.doi.org/10.1111/j.1467-8594.2008.00326.x

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

NICHOLAS SNOW

Seton Hall University

400 S Orange Avenue
South Orange, NJ 07079
United States

Edward Peter Stringham

Trinity College ( email )

Hartford, CT 06106
United States

American Institute for Economic Research ( email )

PO Box 1000
Great Barrington, MA 01230
United States

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