Allegedly, There is a Gender Gap in Economics

Mish

The economics profession supposedly has a diversity problem. I have a few questions.

Gender Issue Needs Addressing

I read with horror that the Economics Profession Has a ‘Race Problem’

Quite shocking.

But I am pleased to report a success story.

Ms. Francis, who now teaches at the University of Massachusetts Boston, ultimately completed a doctorate in public policy and economics at Duke University. She thrived there, she said, in part because of mentorship from Sandy Darity, a professor who has gained prominence for his research arguing for reparations for blacks descended from American slaves.

Yes indeed.

What could possibly be more beneficial than studies on reparations for slaves based on events of hundreds of years ago?

I can only come up with one thing.

If Einstein had been a black or female, his theories would have had more meaning.

My inescapable conclusion is that we need more female theorists.

Questions Abound

  1. Why don't we have a serious discussion about the Einstein Gender Gap?
  2. What about diversity in math? Surely it matters more if a woman says 1+1=2 than if a man does. Or do we need to promote 1+1=3? One never knows these days.
  3. What about diversity at the Fed?

Q. If former Fed Chair Janet Yellen was black, would that have changed anything?

A: No. You have to think like the rest of the Fed to get in the group. Gender is irrelevant.

Diversity at the Fed Needed

Instead of more women or blacks on the Fed, I suggest we try actual diversity of economic opinion and not gender for gender's sake.

What's most needed on the Fed is an Austrian economist who proposes dissolving it. That would be diversity.

Instead, expect more group think nonsense about race and the Phillips Curve.

Good Ole Boy Network

To become a Fed president you have to think, believe, and act like a good ole boy.

Janet Yellen is best not thought of as a woman, but rather a good ole boy.

Adversity Scores to the Rescue

Meanwhile, please consider Adversity Scores: The Latest Dumbing Down of US Education.

1+1=3 is bound to get some votes in the name of diversity soon enough.

Mike "Mish" Shedlock

Comments (46)
BillSanDiego
BillSanDiego

California law now requires that any corporation doing business in the state have a certain number of women on its Board of Directors. The law does not require that the board have any men. An all-female board is acceptable, while an all-male board is not. Somehow, in a manner I am unable to determine, this law is not discriminatory.

No. 1-15
Gulliverfoyle
Gulliverfoyle

95% of midwives and 90% of nurses and 85% or primary teachers being female never seems to be a issue tho

Bam_Man
Bam_Man

The Road to Idiocracy.

Curious-Cat
Curious-Cat

A solution in search of a problem.

themonosynaptic
themonosynaptic

Mish, read:

Based on reality, not opinion. Also, catch Sam Harris' podcast with Charles Murray (yes, that Charles Murray - if you haven't listened you may have a few surprises, but read Range first for more recent scientific context), and also focus some attention on the Flynn effect.

Lots of interesting stuff in there if you have an open mind and are smart.

michiganmoon
michiganmoon

The NBA has a diversity issue. No women, few Asians, few Hispanics, etc... perhaps the NBA should have a diversity score where if an underrepresented person makes a basket it is worth 10 points for a two and 15 for a 3.

RonJ
RonJ

I notice that the Democratic Party primary is running out of diversity.

Anda
Anda

"As far as the propositions of mathematics refer to reality, they are not certain; and as far as they are certain, they do not refer to reality."

Einstein

FloydVanPeter
FloydVanPeter

Must see: https://youtu.be/Zh3Yz3PiXZw

Enjoy

Latkes
Latkes

A typical racist and sexist article written by a white male. What's worse, you have completely missed the importance of pansexual disabled Chicano trans-women of size!

Carl_R
Carl_R

For what it's worth, the best economics professor I ever had was black. He taught a course on the economics of social problems, which delved into the economic impact of things like minimum wage, farm subsidies, water rights, and pollution. We covered how higher minimum wages create unemployment, how farm subsidies are designed to create food surpluses, and how pollution should be taxed rather than regulated, since the free market is the most efficient method of allocating resources, but taxes are needed to force the free market to factor in the cost to society of pollution.

Sechel
Sechel

file this under silly posts.

while i agree that diversity of opinion is important if 90% percent of the economic profession is male, it begs the question of why that is. seems reasonable to ask if there are barriers to entry. note this does not mean preferential treatment but making sure we're not discouraging women and minorities.

But the Fed does more than fiddle with economic equations. they are involved in income diversity , regulation on both the banking side and consumer side. when they engage in policies like negative real rates they do so without considering the impact on savers, when they turn a blind eye toward mortgage discrimination which contributed to the mortgage crisis there is the suggestion that the harmed borrowers are not on the radar screen.

diversity of opinion and having a diverse group on the fed are related. best man or woman for the job of course, but if the data shows 99% white male, well the data may be pointing to something else

SMF
SMF

Since Einstein did not live during this 'enlightened' age of now, he did not get to pick his gender. Hence, we cannot discriminate against his theories.

Six000mileyear
Six000mileyear

The women most admired by their peers in my office refuse to take manager or leadership positions because they don't want to compromise their ethics. The least qualified women are too eager to take the management path.

Rvrider
Rvrider

Ok then, let’s see a show of hands for those willing to volunteer for sex reassignment surgery.


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