Next100 Policy Entrepreneur Phela Townsend has had a letter to the editor published in The New York Times. The letter responds to “Economics Needs More Black Women,” by Lisa D. Cook and Anna Gifty Opoku-Agyeman. Phela writes:
“More diverse representation in the field of economics is of course needed, but it can’t be limited to race and gender alone. The economics profession faces a tyranny of majority consensus: It’s not just that white men are overrepresented; it’s that they overwhelmingly share similar lived experiences, perspectives and interests.
Economists, and the free-market doctrine they cling to, are partly to blame for decades of stagnant wages and soaring inequality. Powerful people beget policies that help the powerful.”
Read the full letter here.