Eco­nom­ics pro­fes­sion is a dis­grace, says ex-Fed staffer

The Daily Telegraph - Business - - Business -

◆ A former US Fed­eral Re­serve econ­o­mist has said her pro­fes­sion is a “dis­grace” and launched a sting­ing at­tack on lead­ers in the field for al­leged racism, sex­ism and elitism, writes

Lizzy Bur­den.

Claudia Sahm said she was ashamed to be as­so­ci­ated with the in­dus­try in a 6,000-word blog post.

Ms Sahm, who was also a mem­ber of Barack Obama’s Coun­cil of Eco­nomic Ad­vis­ers, said: “We hurt economists from un­der­grad­u­ate class­rooms to of­fices at the White House. We drive away tal­ent. We mis­treat those who stay, and we tol­er­ate bad be­hav­iour. Eco­nom­ics is a dis­grace.”

She also rounded on se­nior male economists for mak­ing hos­tile at­tacks to­wards ju­nior fe­male economists on Twit­ter.

Ms Sahm said: “Our hy­per-com­pet­i­tive field al­lows point scor­ing over sci­en­tific in­quiry.

“Ef­forts to change our cul­ture are cheap talk if we do not act.”

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