This year America will mark the 50th anniversary of Martin Luther King's famous speech, in which he sang out to a crowd of 250,000: "I have a dream." King's speech, it is often forgotten, was delivered at the "March on Washington for Jobs and Freedom". Gavin Wright, an economic historian of the American South at Stanford University, argues in his new book, "Sharing the Prize", that although much was indeed achieved by the civil-rights movement, those gains fall short of King's dreams. The economic context of the civil-rights movement is still too often ignored.
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