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Women In Economics
Women are under-represented in the economics profession worldwide. This has wide social and material implications, as economists work in banks and government, and have a direct role in policy making. Studies have shown that decisions made and executed by diverse teams delivered 60% better results. While many other fields, including STEM fields, have seen growth in the share of professors and students who are women, economics has stagnated with little improvement at any level in the last 15 years. Studies In 2015 Harvard researcher Heather Sarsons published a paper on whether co-authored papers and the gender of the authors might affect tenure. The paper found that there was an 8% increase in the probability of a male economist getting a tenured post with a co-authored paper on their resume, but only 2% for female economists. In 2017 Alice Wu, an undergraduate at University of California, Berkeley, published a study which used natural language processing on EconJobRumors.com, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
STEM Fields
Science, technology, engineering, and mathematics (STEM) is an umbrella term used to group together the distinct but related technical disciplines of science, technology, engineering, and mathematics. The term is typically used in the context of education policy or curriculum choices in schools. It has implications for workforce development, national security concerns (as a shortage of STEM-educated citizens can reduce effectiveness in this area) and immigration policy. There is no universal agreement on which disciplines are included in STEM; in particular whether or not the ''science'' in STEM includes social sciences, such as psychology, sociology, economics, and political science. In the United States, these are typically included by organizations such as the National Science Foundation (NSF), which deals with all matters concerning science and new discoveries in science as it affects development, research, and innovations, the Department of Labor's O*Net online database for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edith Abbott
Edith Abbott (September 26, 1876 – July 28, 1957) was an American economist, statistician, social worker, educator, and author. Abbott was born in Grand Island, Nebraska. Abbott was a pioneer in the profession of social work with an educational background in economics. She was a leading activist in social reform with the ideals that humanitarianism needed to be embedded in education. Abbott was also in charge of implementing social work studies to the graduate level. Though she was met with resistance on her work with social reform at the University of Chicago, she ultimately was successful and was elected as the school's dean in 1924, making her the first female dean in the United States. Abbott was foremost an educator and saw her work as a combination of legal studies and humanitarian work which shows in her social security legislation. She is known as an economist who pursued implementing social work at the graduate level. Her younger sister was Grace Abbott. The Edith Ab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Secretary Of The Treasury
The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is a statutory member of the Cabinet of the United States, and is fifth in the United States presidential line of succession, presidential line of succession. Under the Appointments Clause of the United States Constitution, the officeholder is nominated by the president of the United States, and, following a confirmation hearing before the United States Senate Committee on Finance, Senate Committee on Finance, is confirmed by the United States Senate. The United States Secretary of State, secretary of state, the secretary of the treasury, the United States Secretary of Defense, secretary of defense, and the United States Att ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Bank
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. The banks are jointly responsible for implementing the monetary policy set forth by the Federal Open Market Committee, and are divided as follows: Some banks also possess branches, with the whole system being headquartered at the Eccles Building in Washington, D.C. History The Federal Reserve Banks are the most recent institutions that the United States government has created to provide functions of a central bank. Prior institutions have included the First (1791–1811) and Second (1818–1824) Banks of the United States, the Independent Treasury (1846–1920) and the National Banking System (1863–1935). Several policy questions have arisen with these institutions, including the degree of influence by private interes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Janet Yellen
Janet Louise Yellen (born August 13, 1946) is an American economist serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. Yellen is the first woman to hold each of those posts and the first person to have led the White House Council of Economic Advisers, the Federal Reserve, and the Treasury Department. Born and raised in Bay Ridge, Brooklyn, Yellen graduated from Brown University in 1967 and earned a Ph.D. in economics from Yale University in 1971. She taught as an assistant professor at Harvard University from 1971 until 1976 when she began working for the Federal Reserve Board as a staff economist from 1977 to 1978 before joining the faculty of the London School of Economics from 1978 to 1980. Yellen is professor emeritus at the Haas School of Business and the University of California, Berkeley, where she has been a faculty member since 1980 and became the Eugene E. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopsony
In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers. The microeconomic theory of monopsony assumes a single entity to have market power over all sellers as the only purchaser of a good or service. This is a similar power to that of a monopolist, which can influence the price for its buyers in a monopoly, where multiple buyers have only one seller of a good or service available to purchase from. History Monopsony theory was developed by economist Joan Robinson in her book ''The Economics of Imperfect Competition'' (1933). Economists use the term "monopsony power" in a manner similar to "monopoly power", as a shorthand reference for a scenario in which there is one dominant power in the buying relationship, so that power is able to set prices to maximize profits not subject to competitive constraints. Monopsony power exists when one buyer faces little ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joan Robinson
Joan Violet Robinson (''née'' Maurice; 31 October 1903 – 5 August 1983) was a British economist well known for her wide-ranging contributions to economic theory. She was a central figure in what became known as post-Keynesian economics. Biography Before leaving to fight in the Second Boer War, Joan's father, Frederick Maurice, married Margaret Helen Marsh, the daughter of Frederick Howard Marsh, and the sister of Edward Marsh, at St George's, Hanover Square. Joan Maurice was born in 1903, a year after her father's return from Africa. During World War II, Robinson worked on a few different Committees for the wartime national government. During this time, she visited the Soviet Union as well as China, gaining an interest in underdeveloped and developing nations. Robinson was a frequent visitor to Centre for Development Studies (CDS), Thiruvananthapuram, India. She was a visiting fellow at the Centre in the mid-1970s. She instituted an endowment fund to support public lec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Economy For Beginners
Politics (from , ) is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status. The branch of social science that studies politics and government is referred to as political science. It may be used positively in the context of a "political solution" which is compromising and nonviolent, or descriptively as "the art or science of government", but also often carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or limitedly, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other political subjects, making laws, and exercising internal and external force, including war ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Millicent Fawcett
Dame Millicent Garrett Fawcett (née Garrett; 11 June 1847 – 5 August 1929) was an English politician, writer and feminist. She campaigned for women's suffrage by legal change and in 1897–1919 led Britain's largest women's rights association, the National Union of Women's Suffrage Societies (NUWSS), explaining, "I cannot say I became a suffragist. I always was one, from the time I was old enough to think at all about the principles of Representative Government." She tried to broaden women's chances of higher education, as a governor of Bedford College, London (now Royal Holloway) and co-founding Newnham College, Cambridge in 1875. In 2018, a century after the Representation of the People Act, she was the first woman honoured by a statue in Parliament Square. Biography Early life Fawcett was born on 11 June 1847 in Aldeburgh, to Newson Garrett (1812–1893), a businessman from nearby Leiston, and his London wife Louisa (''née'' Dunnell, 1813–1903). She was the eighth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stabili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congressional Budget Office
The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. Whereas politicians on both sides of the aisle have criticized the CBO when its estimates have been politically inconvenient, economists and other academics overwhelmingly reject that the CBO is partisan or that it fails to produce credible forecasts. There is a consensus among economists that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals." History The Congressional Budget Office was created by Title II of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alice Rivlin
Alice Mitchell Rivlin (born Georgianna Alice Mitchell; March 4, 1931 – May 14, 2019) was an American economist and budget official. She served as the 16th Vice Chair of the Federal Reserve from 1996 to 1999. Before her appointment at the Fed, Rivlin named director of the Office of Management and Budget in the Clinton administration from 1994 to 1996. Prior to that, she was instrumental to establishment of the Congressional Budget Office and became its founding director from 1975 to 1983. A member of the Democratic Party, Rivlin was the first woman to hold either of those posts. While not in government, Dr. Rivlin was a senior fellow for Economic Studies at the Brookings Institution and a visiting professor at the McCourt School of Public Policy of Georgetown University. She was a noted expert on the U.S. federal budget and macroeconomic policy; and co-chaired, with retired U.S. Senator Pete Domenici (R-NM), the Bipartisan Policy Center's Debt Reduction Task Force. Early l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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