Post-ASSA 2019: lingering issues in academic economics

This was originally just going to be a bullet-point in a What I’ve Been Reading post, but it ended up quite crowded and most crucially, I couldn’t figure out how to embed tweets in between sub–bullet points.

…it also deprives economics, in general, of its best chance to serve the public most effectively. A narrow pipeline of economists has created a profession vulnerable to groupthink. Lacking the widest possible range of perspectives, life experiences, and expertise, the profession stands to miss crucial information, and make poor decisions.

How different would US economic policy be if people from ethnic minorities more consistently took part in policymaking? How different would policies be if the macroeconomic models they were founded on more fully reflected people’s lived experiences? A black man living in the US doesn’t need a research study to tell him his chances of good employment and decent credit are worse than for his white peers. But maybe a policymaker does.

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