Andrew Brimmer gets sworn in as a member of the Federal Reserve Board. President Lyndon Johnson, right, Brimmer’s wife and daughter look on.
Robert L. Knudsen via Wikimedia Commons
Andrew Brimmer, the first African American on the Board of Governors of the US Federal Reserve, helped develop the blueprint for the Central Bank of Sudan.
Since the 2008 financial crisis, politicians from a range of parties and countries have reported losing respect for experts.
Photo ops of the world’s central bankers and finance ministers typically involve a woman or two surrounded by men, such as this image from the G-7 in Germany in 2015.
AP Photo/Jens Meyer
Men were significantly less likely to express confidence in the Federal Reserve and optimism about the economy when monetary policy information came from a woman versus a man.
Biden proposed $1.9 trillion in new coronavirus relief spending to help with the economic fallout of COVID-19. Four economists have a few ideas for him.
Leading Australian economists in four countries have signed an open letter calling on the national cabinet to think carefully before easing restrictions ‘for the sake of 'the economy’.
If we want economics to appeal to young Australians, it needs to move away from theory and towards tackling some of the trickiest issues faced by the next generation.
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Jim Stanford, University of Sydney and Richard Denniss, Crawford School of Public Policy, Australian National University
For economics to play a more helpful, critical role, it must abandon blind faith in the free market and embrace the social, historical, and environmental context in which economics actually happens.
A woman in Venezuela shows off the new two and five bolivar soberano bills.
Reuters/Carlos Garcia Rawlins
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won’t work.
African women do a lot of unpaid work that isn’t captured in GDP calculations.
Rafal Cichawa/Shutterstock
The low share of women revealed in this data is problematic for two reasons: a lack of diversity, and what it shows about women’s participation in the social network of informal collaboration.
Enough blue-sky thinking: economists back the emissions policy that Alan Finkel has put on the table.
AAP Image/Dan Himbrechts
A panel of leading economists has given its majority verdict on Alan Finkel’s proposed Clean Energy Target: it may not be the best possible emissions policy, but we should get on with it anyway.
Rapid rise of Australian house prices have created disagreement between economists on whether a housing bubble currently exists.
Brian Birdwell/flickr
The government’s unwillingness to consider changing the tax system to fix housing affordability, makes it more likely that APRA may have to become even more prescriptive with its lending criteria.
In both the global North and South, economics tends to be taught with micro- and macroeconomic models that are disconnected from sociopolitical realities. We suggest new ways of teaching economics.