Do economists have anything to say about racism in the United States? Some do. The Review of Black Political Economy, for example, exists.
Other groups in the United States are often thought of as marginalized. I have written about women in economics before. As usual, I want to mention the existence of the International Association for Feminist Economics and their journal Feminist Economics. I also note the existence of Queer Economics: A Reader for those economists that might be of a questioning bent.
Discourse in many academic disciplines about the Other often draw on post-modernism, post-structuralism, and other scary stuff. Some economists have attempted to extend Marxism to engage with postmodernism. Although I have read a bit of David Ruccio and Jack Amariglio, I do not know much about this. I suppose the journal Rethinking Marxism would be worth exploring if you want to know more.
I also do not know much about certain fields, such as development economics, economics of education, labor economics, and urban economics. But I would expect to find much more in their journals relevant to our current sad times than I would in the American Economic Review or the so-called Journal of Political Economy.
None of this has anything to say about whether or not some tenured economists at Chicago are ignorant, reactionary, and full of ressentiment.
ReplyDeleteI read that America's stock indices - in the green zone, despite the riots that swept the whole country, they affected only a few companies. Protests are too small a factor compared to the actions of the Fed.
The main reason for the lack of market reaction is the insignificance of US protests for stock indices. Investors do not believe in their serious impact on the economy, business activity or business income - monetary policy and the gradual lifting of quarantine restrictions are of much greater importance.