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"#Economics has long been the purview of men; almost all the names in early economic thought were men, with the notable exception of Joan Robinson, a member of John Maynard Keynes’s inner circle of Cambridge economists." - @LipstickEcon americanprogress.org/issues/women/n…
"More recently, women economists have risen to prominence, such as Janet Yellen, the chair of the Federal Reserve." (Trump replaced her with a less qualified man: businessinsider.com/trump-picked-p…)
"Still, women make up only just more than 30 percent of new PhDs in economics and their proportions are lower further up the career ladder: Only 15 percent of full professors in economics are women." businessinsider.com/gender-and-rac…
"Furthermore, the domination of men in the field of economics is reflected in mainstream economic theory itself, which centers a male worldview, including a focus on individualism over community and emphasizing the study of markets over the study of household dynamics."
"Katrina Marcal’s book asks the question Who Cooked Adam Smith’s Dinner?—and it turns out it was his mother, despite his conception that economic players are acting in their own self-interest.
"Women’s experiences and opportunities have been left out of the development of economic theory for most of its history." (This is reflected in policymaking, at the Fed in particular: businessinsider.com/feds-striking-…)
"This exclusion, in turn, has been reflected in the institutions and structures that influence how our economy operates. Women like Adam Smith’s mother have always been vital to the functioning of our economy, but their contributions are not limited to caring for their families.
"Throughout history, women have always worked. Much of women’s work has included domestic production for other families, such as caring for another family’s children. However, jobs associated with women have long been undervalued—even if the job used to be associated with men.
"But on top of this complicated history of women’s work, women’s labor force participation has grown and the gender wage gap has decreased, though it has stalled for the past decade.
"Mothers are now the majority of breadwinners in families and their participation in the economy has maintained family economic security during times of wage stagnation.
"Yet despite the central role of women in the economy throughout history, our economic policy and government institutions often treat women’s diverse needs and capabilities as an afterthought to 'real issues' in the “real economy.
"The economics of misogyny refers to this hostility toward women’s empowerment through building an economy that fully values women’s experiences and contributions.
"And the current conservative economic agenda spearheaded by President Donald Trump and the GOP-controlled Congress has heightened the misogyny that underlies economic policy."
"While all women face a gender wage gap of 80%, women of color face a still bigger gap: Black women face a gender wage gap of 63%, Latina women face gender wage gap of 54%, and American Indian women face a gender wage gap of 57 %."epi.org/blog/equal-pay…
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