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A 2019 survey carried out by the American Economic Association revealed that nearly half of female economists felt discriminated against or treated unfairly on account of their gender. Nearly a third of non-white economists felt treated unfairly based on their racial or ethnic identity.The AEA meetings took place against the backdrop of the publication of Anne Case and Angus Deaton's remarkable and poignant book Deaths of Despair, which was presented during a special panel.Capitalism is no longer delivering, and economics is, at the very least, complicit.A panel called "Economics for Inclusive Prosperity," organized by a network of the same name which I co-direct, discussed several strands of new thinking taking over the discipline. One is the need to expand economists' focus from "average" levels of prosperity to distributive aspects and to non-economic dimensions that are equally fundamental to well-being, such as dignity, autonomy, health and political rights. Speaking in the same session, Luigi Zingales faulted economists for foisting their own preferences on the body politic. This happens because economists tend to place greater value on certain outcomes (such as efficiency) than others (such as income distribution), and because they fall prey to groupthink and fetishize particular economic models over others.
It’s time to tackle inequality from the middle
Tackling inequality from the middle
Democracy on a knife-edge across the world
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