You're listening to a podcast from blogging Heads TV.

Okay, we're on the way. Hey Jim, how you doing?

Good to see you, Glenn. It's been a long time, but we've seen each other face to face even, so.

It has been. I agree. This is Glenn Lowry at the Glenn Show at bloggingheads. TV.

And I'm with James Heckman, who's the Henry Schultz Distinguished Service Professor at the University of Chicago and director of what is its Center for Economics of Human Development.

The very distinguished economist winner of the Nobel Prize shared it in the year 2000 for his working

Sensored samples a heterogeneous population micro-conometrics. I'm not an econometrician. Tell us what you actually got the prize for. But I can't remember as a young economist when they would say, yeah, well, you got a sample selection bias problem and you have to do the Heckman technique and I assume it has something to do with that.

Well, yep, it's the problem remains. There are more solutions.

Okay. remains. There are more solutions.

Okay, so Jim Heckman, very distinguished economist University of Chicago, and we're just here to talk about this and that.

I'm especially interested in the issue of race and racial inequality and

persisting racial disparities and how one wants to think about that as a

professional economist and the quality of the debate.

But I'm also just interested in what's going on.

How are things in Chicago these days, Joe?

Well, in terms of race as a general topic, we have a black mayor, you probably know that,

Lori Lightfoot, and she's made racial justice, not only a mayor, but the head of the Cook County Board as well, so Tony Preckwinkle.

So there are two females, both African American, and they've both been interested in racial justice issues, especially about

African-American. So it's very prominent in the public discussion and I happen to

live in Hyde Park, which is on the south side of the city where you were born and I was born too, so we're both, we're both, I'm still back in the home base. You migrated away a long time ago. But yes I I think there's a

consciousness that was maybe heightened by the events of last summer that the

Black Lives Matter demonstrations that turn

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