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\nMainstream Economics & Gender | Feminist Economics Part 5\n

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\n\nPublisher:\n\nInstitute for New Economic Thinking\n\n\n
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\nIn this fifth and final lecture in the Institute for New Economic Thinking’s “Feminist Economics” series, Professor Jayati Ghosh explores some of the shortcomings of mainstream economics. Heavily reliant on unrealistic assumptions and...\nIn this fifth and final lecture in the Institute for New Economic Thinking’s “Feminist Economics” series, Professor Jayati Ghosh explores some of the shortcomings of mainstream economics. Heavily reliant on unrealistic assumptions and stylized models, mainstream economics has a narrow approach which often descends into trivial pursuits. Mainstream models tend to propose policies which are are not very relevant and sometimes even pernicious. Economics remains a male-dominated profession concentrated in the Global North, limiting its outlook. Prof. Ghosh urges economics to expand its scope and vision, and outlines several areas where economic policy can and should be adjusted to incorporate a gender-perspective and better address the particular challenges of developing countries. This includes incorporating into general economic policy consideration of relational time, counter-cyclical macroeconomic policy, reforming taxation regimes, and ensuring price stability of necessities and food security, which are areas that especially affect women. Prof. Ghosh also proposes micro policies beneficial to women, like reforming banking regulations and laws to enable financial inclusion, unionization, and the minimum wage. Prof. Ghosh finally considers the \"Green New Deal\", and proposes to expand it to a \"Multi-colored New Deal\" to address a wider range of inequalities. Gender equality is not only good in itself, but also essential for the long-term viability of societies and economies.
Credits: Jayati Ghosh, Matthew Kulvicki, Nick Alpha, Gonçalo Fonseca, Kurt Semm
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Resource Details

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Media Length
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21:34
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Grade
Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nNew Economic Thinking\n\n
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Date
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2021
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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countries, economics, time, workers, power, economy, food, economists, gender equality, feminism, labor, globalization, gender roles
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global issues, feminist economics, gender equality short film, inequality, new economic thinking, caste system, india caste, feminists, workforce, equal pay, sweatshops, unpaid labor, care work, care economy, globalisation, womens rights, real miracle, chilean government, greater recognition, north atlantic, developing south, language barrier, essential commodities, extreme wealth, asset markets, international architecture, developing countries, important aspect, important, good, policies, science, access, deal, made, understanding, sort, change
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