People from elite backgrounds increasingly dominate academia, data shows
New analysis shows that the elite dominate even more among the top schools that produce about half of all future economics professors.
New analysis shows that the elite dominate even more among the top schools that produce about half of all future economics professors.
"Economics has another diversity problem that's been largely overlooked: socioeconomic background."
The authors find that economics is the least socioeconomically diverse of any academic discipline in the U.S.
"Populist parties like to exploit divisions or cleavages in society between the 'good' ordinary people, and the elites or foreigners."
"The world market is so big and so vast, it's hard for even a big country and an economic powerhouse like ourselves to have a large impact."
"The airlines appear to be acting more out of ideology than of economics."
"Economics' lack of socioeconomic diversity matters for the quality of the professions' output, but also its policy impact."
"Europe is fighting a war against itself in Ukraine, and the only way to end it is to stop all oil imports from Russia for at least 45 days."
"It's pretty well known ... that economics has a race and gender problem, and that's something we've finally been trying to address as a field."
Kristin Forbes says the Fed made it hard for itself with its quantitative easing (QE). "Everyone expected it to end on a certain date … "