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Applied Economics: Thinking Beyond Stage One by Thomas Sowell

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Chapter 7
The Economics of Discrimination
It is painfully obvious that discrimination inflicts economic and other costs on those being discriminated against. What is not so obvious, but is an important causal factor nonetheless, is that discrimination also has a cost to those who do the discriminating. Moreover, the cost of discriminating varies with the circumstances. For an American owner of a professional basketball team to refuse to hire blacks would be to commit financial suicide. But, for the conductor of a symphony orchestra to pass over the relatively few black violinists available would cost practically nothing, in the absence of anti-discrimination laws, since there are far more white violinists available to take their places.
Variations ...

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