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Economic theory Ideology

Privilege and pseudo-science

When people ask me why I did graduate school in economics, I sometimes half-jokingly tell them that it was a case of going into the lion’s den to see what the lion is up to in there. This is an exaggeration to be sure, but it is in keeping with the dictum that we should understand something in order to critique it effectively. For the similar reasons, I keep reading a variety of mainstream economics books, journals and blogs.

And sometimes I come across things like this. The title, “Feminist framing and general equilibrium theory”, is innocuous enough – especially if one is used to the residual sexism and racism that sometimes accompanies the ahistorical and asocial theory of society that underpins mainstream economics. The author, Nick Rowe, is a frequent contributor to the group blog on which the article appeared; he is a professor of economics and a fellow of a prestigious research institute.

The article is an argument against some recent evidence that shows there may be structural reasons for why fewer women major in economics in university. In particular, there is evidence that women are far more likely to drop economics as a major if they do not receive As.