Why Do Economists Have Trouble Understanding Racialized Inequalities?

Delivering sustainable economic growth
Posted Aug 16, 2020 | Institute of New Economic Thinking, Ingrid Harvold, Kvangraven, Surbhi Kesar

In this article for the Institute for New Economic Thinking, Ingrid Harvold and Kvangraven and Surbhi Kesar discuss whether the manner in which economics is taught makes it difficult for economists to address structural racism. Based on a survey of around 500 economists, they suggest that widely perceived as value-neutral, economics is, instead, blind to racial biases.  A long term, structural change in discipline is necessary to make it cognizant of the impact of racism and colonial legacies on economic processes, and that must include changes in pedagogy, incorporating strands from other literature that engage with the issues of structural racism and group-based identities.



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