Female Economists Quotes

Parts of rural China are seeing a burgeoning market for female corpses, the result of the reappearance of a strange custom called "ghost marriages." Chinese tradition demands that husbands and wives always share a grave. Sometimes, when a man died unmarried, his parents would procure the body of a woman, hold a "wedding," and bury the couple together... A black market has sprung up to supply corpse brides. Marriage brokers—usually respectable folk who find brides for village men—account for most of the middlemen. At the bottom of the supply chain come hospital mortuaries, funeral parlors, body snatchers—and now murderers. —"China's Corpse Brides: Wet Goods and Dry Goods" The Economist, July 26, 2007

Yes, our social and economic circumstances shape decisions we make about all sorts of things in life, including sex. Sometimes they rob us of the power to make any decisions at all. But of all human activity, sex is among the least likely to fit neatly into the blueprint of rational decision making favoured by economists. To quote my friend Claire in Istanbul, sex is about 'conquest, fantasy, projection, infatuation, mood, anger, vanity, love, pissing off your parents, the risk of getting caught, the pleasure of cuddling afterwards, the thrill of having a secret, feeling desirable, feeling like a man, feeling like a woman, bragging to your mates the next day, getting to see what someone looks like naked and a million-and-one-other-things.' When sex isn't fun, it is often lucrative, or part of a bargain which gives you access to something you want or need. If HIV is spread by 'poverty and gender equality', how come countries that have plenty of both, such as Bangladesh, have virtually no HIV? How come South Africa and Botswana, which have the highest female literacy and per capita incomes in Africa, are awash with HIV, while countries that score low on both - such as Guinea, Somalia, Mali, and Sierra Leone - have epidemics that are negligible by comparison? How come in country after country across Africa itself, from Cameroon to Uganda to Zimbabwe and in a dozen other countries as well, HIV is lowest in the poorest households, and highest in the richest households? And how is it that in many countries, more educated women are more likely to be infested with HIV than women with no schooling? For all its cultural and political overtones, HIV is an infectious disease. Forgive me for thinking like an epidemiologist, but it seems to me that if we want to explain why there is more of it in one place than another, we should go back and take a look at the way it is spread.

But it’s hard to make the case that the one-child policy advanced Chinese women’s rights when, balanced against urban women’s advancements, one considers the huge numbers of females killed at birth or abandoned, as well as aborted female foetuses. Nobel Prize–winning economist Amartya Sen estimates that infanticide and gendercide have contributed to a missing 100 million women in Asia. Roughly half of those would have been Chinese. With the current gender imbalance, women are certainly more valuable, but not necessarily more valued. In addition to a rising anti-feminist backlash, the female shortage has resulted in increasing commodification of women. Prostitution and sex trafficking in China have been on the rise for the past decade, though nobody has precise figures, for enforcement is lax and transparency low. In 2007, the US State Department estimated that a minimum of ten to twenty thousand victims are trafficked domestically within China yearly, earning traffickers more than $7 billion annually, more than selling drugs or weapons.

When I first started working for Larry Summers, then chief economist at the World Bank, he was married to a tax attorney, Vicki. He was very supportive of Vicki’s career and used to urge her to “bill like a boy.” His view was that the men considered any time they spent thinking about an issue—even time in the shower—as billable hours. His wife and her female colleagues, however, would decide that they were not at their best on a given day and discount hours they spent at their desks to be fair to the client. Which lawyers were more valuable to that firm? To make his point, Larry told them the story of a renowned Harvard Law School professor who was asked by a judge to itemize a bill. The professor responded that he could not because he was so often thinking about two things at once.

Here are ten facts about IQ. These facts are debated and often controversial among the general public but far less so among scientists who study intelligence. The best review of the academic literature supporting these facts is a 2012 paper by Richard Nisbett and colleagues – an interdisciplinary team of leading scholars, household names within intelligence research, comprised of psychologists, an economist, a behavioral geneticist, and a former President of the American Psychological Association. Their areas of expertise include cultural and sex differences in intelligence, the effect of social and genetic factors that affect intelligence, the development of intelligence over the lifespan, the relationship between economic development and intelligence, and changes in intelligence over history 1. IQ is a good predictor of school and work performance, at least in WEIRD societies. 2. IQ differs in predictive power and is the least predictive of performance on tasks that demand low cognitive skill. 3. IQ may be separable into what can be called ‘crystallized intelligence’ and ‘fluid intelligence’. Crystalized intelligence refers to knowledge that is drawn on to solve problems. Fluid intelligence refers to an ability to solve novel problems and to learn. 4. Educational interventions can improve aspects of IQ, including fluid intelligence, which is affected by interventions such as memory training. Many of these results don’t seem to last long, although there is strong evidence that education as a whole causally raises IQ over a lifetime. 5. IQ test scores have been dramatically increasing over time. This is called the Flynn effect after James Flynn (also an author of the review mentioned above), who first noticed this pattern. The Flynn effect is largest for nations that have recently modernized. Large gains have been measured on the Raven’s test, a test that has been argued to be the most ‘culture-free’ and a good measure of fluid intelligence. That is, it’s not just driven by people learning more words or getting better at adding and subtracting. 6. IQ differences have neural correlates – i.e. you can measure these differences in the brain. 7. IQ is heritable, though the exact heritability differs by population, typically ranging from around 30% to 80%. 8. Heritability is lower for poorer people in the US, but not in Australia and Europe where it is roughly the same across levels of wealth. 9. Males and females differ in IQ performance in terms of variance and in the means of different subscales. 10. Populations and ethnicities differ on IQ performance. You can imagine why some people might question these statements. But setting aside political considerations, how do we scientifically make sense of this? Popular books from Richard Herrnstein and Charles Murray’s The Bell Curve (1994) to Robert Plomin’s Blueprint (2018) have attributed much of this to genes. People and perhaps groups differ in genes, making some brighter than others. But humans are a species with two lines of inheritance. They have not just genetic hardware but also cultural software. And it is primarily by culture rather than genes that we became the most dominant species on earth. For a species so dependent on accumulated knowledge, not only is the idea of a culture-free intelligence test meaningless, so too is the idea of culture free intelligence.

Their conclusion: while gender discrimination may be a minor contributor to the male-female wage differential, it is desire—or the lack thereof—that accounts for most of the wage gap. The economists identified three main factors: Women have slightly lower GPAs than men and, perhaps more important, they take fewer finance courses. All else being equal, there is a strong correlation between a finance background and career earnings. Over the first fifteen years of their careers, women work fewer hours than men, 52 per week versus 58. Over fifteen years, that six-hour difference adds up to six months’ less experience. Women take more career interruptions than men. After ten years in the workforce, only 10 percent of male MBAs went for six months or more without working, compared with 40 percent of female MBAs.

It is here you'll find economists are not only a very myopic group, but a very timid group as well.  And the radical idea that sex is the primary driver of economic growth is just too...well...sexy for them.  However, just because an idea is radical doesn't mean it isn't correct or true.  Matter of fact, while economists, politicians, academics, and feminists are clutching their pearls over the concept that sex powers our economy, there's a street-smart, common-sense American blue collar Joe who is yelling, "You needed a study for that???" But this presents a problem, not only for economists, but all of society, and especially women.  Because if sex (which also includes love, family, children/progeny) is the primary motivator for men to maximize their economic production, no amount of government spending, monetary policy, stimulus checks, or any other economic measures are going to prompt men to produce.  The responsibility of motivating men to be economically productive falls solely into the hands of women.  And when you consider what would be required of women to fire up men's economic engines once again, you can see where such a "sex-based economic policy" might run into some issues.

it’s claimed that they can tell us most things about life. This trend isn’t just found in popular science books. At universities, economists analyse ever greater parts of existence as if it were a market. From suicide (the value of a life can be calculated like the value of a company, and now it’s time to shut the doors) to faked orgasms (he doesn’t have to study how her eyes roll back, her mouth opens, her neck reddens and her back arches – he can calculate whether she really means it). The question is what Keynes would think about an American economist like David Galenson. Galenson has developed a statistical method to calculate which works of art are meaningful. If you ask him what the most renowned work of the last century is, he’ll say ‘Les Demoiselles d’Avignon’. He has calculated it. Things put into numbers immediately become certainties. Five naked female prostitutes on Carrer d’Avinyó in Barcelona. Threatening, square, disconnected bodies, two with faces like African masks. The large oil painting that Picasso completed in 1907 is, according to Galenson, the most important artwork of the twentieth century, because it appears most often as an illustration in books. That’s the measure he uses. The same type of economic analysis that explains the price of leeks or green fuel is supposed to be able to explain our experience of art.

GoAir, an Indian low-cost carrier, hires only female flight attendants because they are on average 10–15kg lighter than men. Such parsimony pays off. Fuel accounts for a third of an airline’s costs and every kilogram thus shed removes $100 from an aircraft’s annual fuel bill.