This webcast was first aired by the American Bar Association on February 25, 2021, as part of their Civil Rights and Social Justice program. CPAacademy.org is honored to offer this webcast for CPE credit.
For over 100 years, Black economists have been erased by the profession and media. Occupational segregation in economics not only results in loss of opportunities and wage gaps for qualifying women, candidates of color, and others who are discriminated against but undermines and narrows access to innovative solutions, diverse strategies, broad-based data collection, targeted recommendations, and practical remedies for societal inequities.
In 2017, seven Black women received a Ph.D. in economics in the U.S. In 2018, the number dropped to four out of over 1,000 economic doctoral degree graduates. A 2018 AEA report found that Black, Latinx, and Native American students were less likely to complete degrees in economics compared to any other subject. In 2017, only 16% of all economics degrees were awarded to these students of color.
Given the lack of diversity among economists, most research notably excludes race, racism, and racial inequality, issues that the Biden Administration must address in the aftermath of the COVID-19 crisis.
Dr. Dania V. Francis is an Assistant Professor of Economics at the University of Massachusetts Boston. Her current research involves using experimental and quasi-experimental methods to identify structural causes of racial and socioeconomic academic achievement gaps. More broadly, Dr. Francis’ research interests include examining racial and socioeconomic disparities in education, wealth accumulation, and labor markets.
The New School
Henry Cohen Professor of Economics & Urban Policy & Director of Institute for Study of Race, Stratification, & Political Economy
Darrick Hamilton is the Henry Cohen Professor of Economics and Urban Policy and the founding director of the Institute for the Study of Race, Stratification and Political Economy at The New School. Considered one of the nation’s foremost scholars, economists, and public intellectuals, Hamilton’s accomplishments include recently being profiled in the New York Times, Mother Jones magazine, and The Wall Street Journal and being featured in Politico Magazine’s 2017 50 Ideas Shaping American Politics and the People Behind Them issue. Also, he is a member of the Marguerite Casey Foundation in partnership with the Group Health Foundation’s inaugural class of Freedom Scholars.
Hamilton has been involved in crafting policy proposals, such as Baby Bonds and a Federal Job Guarantee, which have garnered a great deal of media attention and served as inspirations for legislative proposals at the federal, state, and local levels. He has served as a member of the economic committee of the Biden-Sanders Unity Task Force; testified before several senate and house committees, including the Joint Economic Committee, on the nation’s potential policy responses to the COVID-19 pandemic-induced health and economic crises. He was a surrogate and advisor for the Bernie Sanders presidential campaign and has advised numerous other leading Congress members and 2020 presidential candidates.
Goldburn P. Maynard Jr. is an Assistant Professor of Business Law and Ethics at the Indiana University Kelley Business Law and Ethics Department. He previously served as an Associate Professor of Law (untenured) at the University of Louisville Brandeis School of Law. He is a graduate of the University of Chicago Law School and received an LL.M. in Taxation from Northwestern University School of Law. Professor Maynard’s research focuses on wealth distribution and inequality, tax policy, and America’s aging population. He is also interested in how the brain works and how best to approach teaching.
Professor Maynard was previously a Visiting Assistant Professor at Florida State University College of Law and Washington University School of Law. Before entering law teaching, he worked as an estate tax attorney for the Internal Revenue Service. He began his career as a tax associate at Skadden, Arps, Slate, Meagher & Flom.
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