|Alma mater|| Northwestern University (BA)|
Massachusetts Institute of Technology (PhD)
|Influences|| Gary Becker |
|Contributions||Coate-Loury model of affirmative action|
|Information at IDEAS / RePEc|
Glenn Cartman Loury (born September 3, 1948) is an American economist, academic, and author. In 1982, at the age of 33, he became the first African American tenured professor of economics in the history of Harvard University. He is the Merton P. Stoltz Professor of the Social Sciences and Professor of Economics at Brown University.
Loury was born in the South Side of Chicago, Illinois, growing up in a redlined neighborhood. Before going to college he fathered two children, and supported them with a job in a printing plant. When he wasn't working he took classes at Southeast Junior College where he won a scholarship to study at Northwestern University.In 1972, he received his Bachelor of Arts in mathematics from Northwestern University. He then went on to receive his Ph.D. in economics from the Massachusetts Institute of Technology in 1976 awarded for his doctoral dissertation, titled "Essays in the Theory of the Distribution of Income", under the supervision of Robert M. Solow. During the completion of his Ph.D. at MIT, he met his future wife, Linda Datcher Loury.
After being awarded his Ph.D., Loury became an assistant professor of economics at Northwestern University. In 1979 he moved to teach at the University of Michigan where he continued to be an assistant professor until being promoted to a Professor of Economics from 1980-1982. In 1982, at the age of 33, Loury became the first black tenured professor of economics in the history of Harvard University.He moved to Harvard's Kennedy School of Government after two years, feeling that the economics appointment was a mistake because he "wasn’t yet fully established as a scientist."
In 1984, Loury drew the attention of critics with "A New American Dilemma", published in The New Republic , where he addressed what he terms "fundamental failures in black society" such as "the lagging academic performance of black students, the disturbingly high rate of black-on-black crime, and the alarming increase in early unwed pregnancies among blacks."
In 1987, Loury's career continued its ascent when he was selected to be the next Undersecretary of Education, a position which would have made him the second-highest-ranking black person in the Reagan administration. However, Loury withdrew from consideration on June 1, three days before being charged with assault after a "lover's quarrel" with a 23-year-old woman; she later dropped the charges.Loury was later arrested for possession of cocaine.
After a subsequent period of seclusion and self-reflection, Loury reemerged as a born-again Christian and described himself as a "black progressive."Loury left Harvard in 1991 to go to Boston University, where he headed the Institute on Race and Social Division. In 2005, Loury left Boston University for Brown University, where he was named a professor in the Economics Department, and a research associate of the Population Studies and Training Center.
Loury's areas of study include applied microeconomic theory: welfare economics, game theory, industrial organization, natural resource economics, and the economics of income distribution. In addition to economics, he has also written extensively on the themes of racial inequality and social policy.Loury testified on racial issues before the Senate Banking Committee on March 4, 2021. and presented at the Benson Center Lecture Series on February 8, 2021.
Loury was elected as a member of the Econometric Society in 1994, Vice President of the American Economics Society in 1997, a member of the American Academy of Arts and Sciences in 2000, and a member of the American Philosophical Society in 2011.He was elected president of the Eastern Economics Association in 2013. Loury is a member of the Council on Foreign Relations and is a main academic contributor to the 1776 Unites project.
In June 2020, Loury published a rebuttal to a letter Brown University president Christina Paxson sent to students and alumni in response to the murder of George Floyd by a policeman. Loury questioned the purpose of Paxson's letter, saying it either "affirmed platitudes to which we can all subscribe, or, more menacingly, it asserted controversial and arguable positions as though they were axiomatic certainties."
Loury hosts The Glenn Show on Bloggingheads.tv with John McWhorter, often regarding questions of race and education. [ non-primary source needed ]
Loury's wife Linda Datcher Loury died in 2011. [ better source needed ]He has since remarried.
Robert Merton Solow, GCIH is an American economist whose work on the theory of economic growth culminated in the exogenous growth model named after him. He is currently Emeritus Institute Professor of Economics at the Massachusetts Institute of Technology, where he has been a professor since 1949. He was awarded the John Bates Clark Medal in 1961, the Nobel Memorial Prize in Economic Sciences in 1987, and the Presidential Medal of Freedom in 2014. Four of his PhD students, George Akerlof, Joseph Stiglitz, Peter Diamond and William Nordhaus later received Nobel Memorial Prizes in Economic Sciences in their own right.
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