Professor Jayati Ghosh says if more women economists had been successful in getting to the top of the profession economics would have been very different. Present neoclassical economies is very wealthy white male dominated, and so tends to emphasise competition over cooperation, and exploitation of the environment rather than trying to conserve and preserve it for the longer and common good.
In this fifth and final lecture in the Institute for New Economic Thinking’s “Feminist Economics” series, Professor Jayati Ghosh explores some of the shortcomings of mainstream economics. Heavily reliant on unrealistic assumptions and stylized models, mainstream economics has a narrow approach which often descends into trivial pursuits. Mainstream models tend to propose policies which are are not very relevant and sometimes even pernicious. Economics remains a male-dominated profession concentrated in the Global North, limiting its outlook. Prof. Ghosh urges economics to expand its scope and vision, and outlines several areas where economic policy can and should be adjusted to incorporate a gender-perspective and better address the particular challenges of developing countries. This includes incorporating into general economic policy consideration of relational time, counter-cyclical macroeconomic policy, reforming taxation regimes, and ensuring price stability of necessities and food security, which are areas that especially affect women. Prof. Ghosh also proposes micro policies beneficial to women, like reforming banking regulations and laws to enable financial inclusion, unionization, and the minimum wage. Prof. Ghosh finally considers the "Green New Deal", and proposes to expand it to a "Multi-colored New Deal" to address a wider range of inequalities. Gender equality is not only good in itself, but also essential for the long-term viability of societies and economies.
About 95% of letters to the Financial Times are from men rather than women. Does that indicate that the REAL reason for the shortage of women at the top of the economomics profession is that women tend not be interested in the s0ubject?
ReplyDeleteWomen are more pragmatic then men.
ReplyDeleteOn average: Men are more interested in things. Women are more interested in people.
ReplyDeleteThis is the most significant difference we know of, psychologically, between men and women. —Jordan Peterson
Watch the 30-seond video: Jordan Peterson Twitter
In the future, women will be lesbians and men will have android partners.
ReplyDelete