Facebook Convo on Women in Economics

Posting a link to Noah Smith’s Bloomberg View article on women in economics sparked a very interesting, and sometimes heated, discussion on my Facebook page. I especially like Robert Flood’s argument that things will get better because there is a market opportunity: an economics department could rise in the ranks (according to where judgments are headed in the future as the total number of women in economics increases) by hiring more women. I think there is some truth to this. If I went to a currently somewhat obscure economics department as department chair, with a big pile of money for hiring, I think the best chance to ultimately move that department up in the rankings would be to get a reputation of being very friendly to female economists, starting with making offers to many women at once. Just like there are departments that draw strength from having many econometricians–far above the percentage of econometricians in the profession overall, I think a department could draw reputational strength from having 55% women. The idea is that they would come in part for the agglomeration benefits of being in a department with many other female economists, especially if the women in that 55% and the men in the other 45% were also chosen in part for being especially good people and so likely to be supportive of others, including junior colleagues. 

(The other thing I would do would be to focus on new modes of teaching, such as flipped classes and intensive writing like what I have students do in my Monetary and Financial Theory class.)    

By the way, don’t miss my new column on women in economics, “How big is the sexism problem in economics? This article’s co-author is anonymous because of it,” coauthored with a female economist who chose to remain anonymous.

How Big is Economics' Sexism Problem? This Article's Co-Author is Anonymous Because of It

Here is a link to my 58th column on Quartz, “How big is economics’ sexism problem? This article’s co-author is anonymous because of it,” coauthored with an anonymous female economist. 

Justin Wolfers has more tweets listing excellent female economists than my editor thought we could include without breaking up the flow too much. You can see them at 

https://twitter.com/justinwolfers

I also lobbied unsuccessfully for this sentence 

What we mean is that female economists should be encouraged to assert their power, but male economists should find it hard or impossible to exert illegitimate, sexist power over their female colleagues.

to be changed to this more subtle take:

What we mean is that female economists should be encouraged to assert their power, but male economists should find it hard or impossible to exert illegitimate power (which gives those men an unfair advantage over women when that illegitimate power is exercised to intimidate other men into favoring them over women as well as when it is used directly against women).

But my editor thought that was overkill. 

Reactions: Jeff Smith had a nice blog post reacting to the column, and Claudia Sahm had a very interesting Ello post.

Noah Smith: Economics Is a Dismal Science for Women

Noah asked me to follow up on this hard-hitting Bloomberg View column with one of my own. Along with an anonymous female coauthor, I expect to have a new column on gender bias in economics out tomorrow morning (Tuesday). I will post a link as soon as I see it up.

This is an issue I feel strongly about, after having been on the losing side of many battles within my department in which I wanted to hire or promote a female economist. (To avoid giving the wrong idea, I should say that having been in on hiring decisions for over 27 years and in on tenure decisions for over 21 years, I have also opposed the hiring or promotion of more than one female economist. That side is easier sailing.)

Rebelling Against the Arbiters of Taste

There is a lot to say about this passage from On LibertyChapter IV, “Of the Limits to the Authority of Society over the Individual” paragraph 12, but let me encourage you to read it first:

And a person’s taste is as much his own peculiar concern as his opinion or his purse. It is easy for any one to imagine an ideal public, which leaves the freedom and choice of individuals in all uncertain matters undisturbed, and only requires them to abstain from modes of conduct which universal experience has condemned. But where has there been seen a public which set any such limit to its censorship? or when does the public trouble itself about universal experience? In its interferences with personal conduct it is seldom thinking of anything but the enormity of acting or feeling differently from itself; and this standard of judgment, thinly disguised, is held up to mankind as the dictate of religion and philosophy, by nine-tenths of all moralists and speculative writers. These teach that things are right because they are right; because we feel them to be so. They tell us to search in our own minds and hearts for laws of conduct binding on ourselves and on all others. What can the poor public do but apply these instructions, and make their own personal feelings of good and evil, if they are tolerably unanimous in them, obligatory on all the world?

One thing this reminds me of is my post “David Byrne: De Gustibus Non Est Disputandum,” where I wrote:

Economists use the Latin adage De gustibus, non est disputandum“There is no disputing of tastes"—to express the idea that in assessing an individual’s welfare, economists should use that individual’s preferences, not their own. This doctrine of deference to the desires, likes and dislikes of those who are affected by a policy is also evident in the praise economists usually intend when they use the word ”non-paternalistic.” What this doctrine means in practice is that when economists are acting in their capacity as policy advisors, their self-appointed task is to arrange things so that people get more of what they want, whatever it is that they want.

I strongly recommend the passage from David Byrne I quote in that post, which is long enough I won’t repeat it here. 

Sometimes we think of the rule of deference to people’s own tastes when they make their decisions only in relation to government interference. But in matters of taste, interference from social approval or disapproval is often just as important. Throughout On Liberty, John Stuart Mill is greatly concerned with interference from strong social disapproval as well as government interference.

Sometimes social disapproval causes people to avoid something that they like which should be considered innocent. Sometimes it only causes them to hide the fact that they like something (say, one music playlist to show, another to listen to in private). Unfortunately, keeping an aspect of one’s preferences secret makes it easier for social disapproval to cause someone else to avoid something they like that should be considered innocent. So there is a positive externality for freedom whenever someone comes out as liking something that often meets with social disapproval but is fundamentally innocent. My use of the words “comes out” point to the obvious example of people contributing to freedom by telling the world that they are attracted to members of the same sex, if in fact they are. I can’t honestly contribute to freedom in that way, because I don’t happen to be homosexual, but I can tell some of the preferences I have that are sometimes looked down upon. 

In giving this partial list, let me say first that any defensive notes in my remarks about each thing are a reflection of the social disapproval I have sometimes felt. Second, let me say that I am only so brave. Like almost everyone, there are other preferences I have that I am not willing to share! They fall under what I said in “The Government and the Mob”:

… the selective revelation of one person’s secrets and not the secrets of others makes the person whose secret is revealed look much worse than if all secrets were revealed. I think I would fare very well if the day ever came that Jesus predicted when he said:

For there is nothing hidden that will not be disclosed, and nothing concealed that will not be known or brought out into the open. (Luke 8:17)

But I have no doubt that if someone revealed all of my secrets, while everyone else got to keep theirs, I could be made to look very bad.

Here is my partial list of things I like that are sometimes looked down on or sideways at:

  1. I like TV. We are living in the golden age of TV, when TV is one of our premier arts, but unthinking negative statements about TV are extremely common in our culture.
  2. I like scented candles. This is only dicey because of gender norms.  
  3. I like Country Music. I have often been struck with how strong a negative class marker this seems to be within academia. 
  4. I like German-language Schlager music, which seems to be an even stronger negative class marker in German-speaking countries than Country Music is in the US. (In my Powerpoint file for class on International Finance that complements my post “International Finance: A Primer,” I use the purchase of downloads of Helene Fischer music as an example of a purchase of a foreign good.)  
  5. I also like many other genres of music, including the unusual taste for a nonsupernaturalist of liking Contemporary Christian Music, as I mentioned in my post “Godless Religion.” But perhaps one of the most unusual things about my musical tastes is that my vast music collections is about 99% female vocalists. In general, there are enough more male singers in the business than female singers that I think the opposite preference of liking male singers more might actually not be noticed, but my relatively strong preference for female singers seems to be unusual. 
  6. I like Science Fiction. There are a lot of great things that can be said about Science Fiction, but the literary snobs who not only look down on it but urge everyone else to look down on it are legion.  
  7. I like comic books. For anyone who shares this taste, I strongly recommend a trio of books by Scott McCloud:

I would be glad for comments about things that you like that deserve to be considered innocent for which you have felt some degree of social disapproval.

Note: On gay rights, which I touched on briefly above, you might be interested in my column “The Case for Gay Marriage is Made in the Freedom of Religion.”

Paul Krugman Deconstructs Martin Feldstein's Critique of Quantitative Easing

Since I had starting thinking of what I could write myself about Martin Feldstein’s Wall Street Journal op-ed “The Fed’s Needless Flirtation With Danger,” I am able to appreciate what a good job Paul Krugman did in analyzing Martin’s op-ed. 

You can see my response to an earlier Martin Feldstein anti-QE op-ed here:

QE or Not QE: Even Economists Needs Lessons In Quantitative Easing, Bernanke Style.