YouSaid · the spoken record

Lisa Cook

lines on the record: 51
first: 2020-10-14
most recent: 2020-10-14
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“We haven't met our inflation targets for almost a decade. Only, you know, a handful of times in a decade. That could be a real serious problem. So I would like to understand better how people who make fiscal policy think, and I wish I could influence it more because the American people, American households, businesses need local governments, the arts need a lot of help right now.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I wish I knew more about how policymakers think about policymakers who are not economists and who aren't at the Fed or Treasury think about how to help people. So I'm thinking about Congress now. And I wish I knew more about how they thought about the economy. Because if I understood that then, and frankly, if I understood that now, maybe we could affect the way they're thinking so that we don't run into this other prolonged recession. And, you know, the danger here, Barry, is that deflation is a real worry. That can actually happen.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I would say to get as prepared as you can. And when I say prepared, I don't mean doing five or six predoc programs, maybe do one or an RA ship, but get to know your professors or contact your professors if you've already graduated and read as much about the economy as you can. I think being anchored in podcasts like yours or interviews like yours, reading Bloomberg and FT and New York Times Business and Economics sections, I think having a point of reference is critical because I find that many students don't. So I think that it's critical. To have some frame of reference, and I think it would be inspiring and interesting once you do.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I will say from a distance, I told you some who were close to home, but Barbara Jordan was one. I was forced to watch by my grandmother her leading the impeachment hearings against Richard Nixon. Had no idea who she was, but my grandmother was saying, this is how democracy works. You've got to watch this. This is how democracy works. There was something that I found incredibly inspiring about Barbara Jordan and Shirley Chisholm. And I tried to understand how they got to know what they knew. And started taking myself a lot more seriously as a person who was interested at some level in public service.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“First thing that I've been streaming has been Nollywood movies and TV series from Nigeria. And the TV series that I just found really interesting is 50 and then there's this movie called Chief Daddy. I'm also Watching Chernobyl, and Chernobyl, I find fascinating. It was well done. I used to live in Russia, so I certainly know this story very well and studied the former Soviet Union quite a bit. But I can't watch it sometimes because it's so close to home. And I think it was an excellent series. I'm watching Schitz Creek. So I'm not finished yet. I'm keeping it as a miniseries for myself. And certainly I listened to Planet Money and Cereal. Those are things that I stream a lot. So those are the.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“If those smallest, newest businesses don't stay alive, we're going to permanently hit long run growth because these are some of the businesses that give us innovation. This is where innovation comes from often. It's from the smallest, newest businesses. And if we don't help them, what we are doing is saying we're not going to contribute innovation to long run growth anymore. And that is really unconscionable. We shouldn't do that. We shouldn't penalize the economy that way.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“We do have to become concerned about the deficit, but that time is not now. Absolutely not now. That would be misplaced. How do you sustain growth? How do you keep people afloat? How do you keep businesses afloat? That's the question we should be asking. And this is a common view of economists. Many economists, as you know, of all stripes are saying the same thing I'm saying, that we worry about deficits in the future. Let's, you know, when the economy gets back on its feet, let's start worrying about those deficits. Until then, it's abstract. Why do you starve a person who's already hungry? That is ridiculous. And if you hobble the economy now, let's say, for example, we could be using PPP to give to our smallest, newest businesses.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm still in shock that we are not doing more and that the lessons of the Great Recession have not been learned. It's almost as if some folks were awake for the first two days of Econ 101 and just slept through the rest of the semester.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“That somebody is not telling the truth about budget deficits and about growth. Because what we know is that the short run deviations like 2008, 2009, in order for them to remain short-run deviations of output, you have to go big and you have to assure the American people that something is on the way and that they won't be out there on their own. And the same is true for businesses. It is absolutely unconscionable that businesses that through no falter their own The airlines are laying off tens of thousands of people. And that's not going to affect just them. Of course, their dollar supports many other jobs, and not just in the cities where there are hubs. This is true in general.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I can't believe that we're doing exactly the same thing. And that's why, like, Claudia, I believe in automatic stabilizers. We've got to have. And it is clear that fiscal policy is what is needed. The limits are the Federal Reserve are there. It's not as if they are boundless in what they can do and the kinds of resources they can provide. They've been fast. They've been quick. They can't do everything. So I am just shocked that we haven't, that the administration and Congress The Senate Republicans have blocked aid to American people, households, and businesses. I think it's absolutely unconscionable. There's definitely an eviction and rental crisis that is right at our feet. It's right in front of us. And we're not doing anything about it. and we're not doing anything about it. I'm just in shock.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“We are repeating the lessons of 2008, 2009. I cannot believe this. I was on thee Obama transition team at the time. And what I was watching was austerity being put into place. And I was also there in 2011, 2012, austerity being put into place when the last thing you needed was austerity. You need to throw money at people so that, yes, they will stay afloat, whether it's businesses or households or the unemployed. They just need to stay afloat while we figure this pandemic out. And that is what is still needed, but we're repeating the mistakes of 2008, 2009, what we see is state and local government laying off people and firing people. And this is what we saw before. And that's why the recovery has stalled.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“You and I were in the same position. That's exactly what I thought too. And what I knew was that If we had a national coordinated strategy, we could possibly be seeing our way back to normalcy by this time if we had a national mask mandate, for example. But that didn't happen. And what I find shocking is this, three trillion dollars was a good start. But”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“They have their snacks on time and get through their schoolwork. So this is a she session. Women are back at their participation rates from 1987. That is shocking. And for it to happen in such a short period of time is absolutely shocking. And this is going to have lasting scarsing scars on the labor market. Because one thing we know is that when women are out of the labor force, they slow down with respect to pay, with respect to promotion. And I am just hoping that we will get some kind of support for childcare to make sure that some of these women can recover and recover more quickly.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely, there's a gender fisher that is also there with the racial fisher. And we could see this in American time use survey and the census. What we know about women is that regardless of occupation, regardless of income, they spend a disproportionate amount of time on care of other individuals in the household. That might be children, that might be the elderly. But they spend more time taking care of those people. And that happened before. That was happening before the pandemic. And women are the ones who are having to drop out of the workforce while these students are stuck at home, small children especially are stuck at home trying to do their homework or trying to make sure”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“As a result of the recession, the pandemic and recession, and they didn't receive PPP funds. We're not recording. SDA is not recording. The applicants, and we don't have good demographic data, but from the surveys that have been done, we know that when they applied, they were rejected. This is due to the big banks being relied upon to dole out these loans, but also for the amount they were requesting, they got disproportionately less. So what I worry about is this Fisher growing significantly, not just now, but in the future, because certainly income now lays the groundwork for wealth in the future.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Are in the stock market, certainly wealth is orders of magnitude lower for African American households compared to white households. But there's one thing that I follow that really troubles me. And that is small businesses. There are 50 white entrepreneurs for every black entrepreneur. And as we know, this is a tried and true path to the middle class and to wealth accumulation in America. And what we know about black businesses is that a disproportionate number are reporting closing permanently.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm not sure it could do more. I'm not sure this pandemic could do more. It is really driving a serious wedge between those who have income and wealth and those who don't. Whether we're talking about those who hold stocks and those who don't and just under 50% of Americans do not hold any stock, they are not seeing the gains. The stock market has largely recovered from the beginning of the pandemic. So we did see this in the Great Recession too, so that's not so unusual that stocks would cover before employment does. But income inequality is taking a beating. How is that? Because let's say if we had a racial dimension to it, African Americans are subject to occupational segregation. So they're in a lot of these front facing occupations to which they would be disproportionate. Exposed to COVID.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Profession that we need more people like her who will hold our leaders accountable, point to the issues, but also try to figure out ways to address those issues. And she's a problem solver. I mean, the SOM rule was created as a mechanism to solve a problem. She talks about automatic stabilizers and writes about this. She's problem solver in every dimension. I appreciate her being in the profession.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“The ombudsperson has been quite engaged. We finally hired an ombudsperson at the American Economic Assistation. We needed somebody if we were going to say these problems exist. We needed somebody to do something about them. It's not perfect yet. That mechanism is not perfect yet. But I appreciate people who are as engaged as Claudia is, and she does a lot to mentor the next generation of economists and not just women and not just African Americans, not just African American women. She spends time during this season preparing, helping people to prepare for the job markets. She reads their paper. She is providing many different public goods for the profession. I just think that she's just a gem and the”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Having been at CEA. She has been at the top of the field in so many different ways. So she has a special place from which she sits and can see the profession, the broad profession. And she's also not afraid because she has interacted with the current and former presidents of the AEA. Janet Yellen and Ben Bernanke. So she could address them as colleagues, as peers. And I think it has been, she's fostered this very necessary conversation, and she's been an advocate for graduate students, for people who have felt sexually harassed. Racially harassed in the economics profession.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's a good question. Now, I have to tell you that I didn't read the actual blog post because I understand that I am in it and I really at that time didn't want to, this could not deal with it emotionally because I'd been talking about this a lot, talking about economics, the economics profession a lot. Claudia, I think and has been a catalyst for a lot of frank discussions in economics. And because she's been in this special rarefied place of being at the Federal Reserve, of having this sum rule, there are very few rules named after a macro, named after women.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“You've got to publish this. This is groundbreaking work. You've got to publish this. Had no idea that this would be the case or that they would be as interested as they were and prove to be. And certainly grateful for it, but didn't think of it at all when I was coming through the educational system.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Bank at all. Number one, you certainly didn't see anybody in that leadership position. There were members of the FOMC who were African American, certainly Emmett Rice was one of the first ones. I knew about them, but it didn't seem tangible, especially for black women. And I think that this open conversation is not something that anybody could have anticipated that has moved very far in a very short period of time, that we would even try to count how many African American economists are at the Federal Reserve. I never heard such questions posed. And certainly never thought that I would hear Nobel laureates telling me,”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“There was no conversation about why African Americans are missing in economics when I was in college or even in graduate school. There was no conversation like that. There was no broad conversation about that. There was no broad conversation about what was wrong with the economics profession. I wish that I'd heard the planet money series that was done about my paper, both the topic and my paper, because I think that there would have been more realization by many people and by those who were trying to get into the field that what they were facing, they weren't facing alone. So I think that that's the biggest change. There was no letter that many people have read, say, by Bill Spriggs, that was widely circulated. You didn't have a president of a federal”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“That permeated all African Americans because as the commission that investigated this said, no one was safe. There was failure at every level of government, at the local level, at the state level. And the president at the time refused to end the violence that was happening there and the NAACP president went to see him to try to negotiate an end to this, but it was really serious in that it showed up in the data and I couldn't make it go away. It was just that serious. There was no other year like that besides 1900.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, Mary, that's a really interesting question. This is one of the things where you see the data and you have no idea what's going on. Like I was thinking, okay, 1921. Why is this showing up in the data? What happened on a national scale? I'm thinking, okay, so World War I is over. I could not put my finger on it. And then I was like, aha, that's not good. This was the largest racial massacre in U.S. history. And it had an impact on everybody. John Hope Franklin wrote about it, a famous historian wrote about it. He was actually a child in that massacre. And his family business was torn up just like many others and destroyed. Lots of people died. And he was saying that there was this fear that”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Some of them went out of business altogether and stopped inventing altogether. We have a number of stories like that. So I think it was largely this growing violence and especially Plessy v. Ferguson. And with respect to the date, what my friends who are constitutional law scholars tell me is that this takes a period of time, say two or three years for rulemaking. And when it became clear that they couldn't engage in this, I think that they rushed everything they could to the patent office and hope for the best. And it just never happened. Now, it started recovering after some of the violence stopped, but it never got back to the 1899 peak. And that's really astonishing because there are a lot more people, a lot more PhDs and natural sciences.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And when Plessy happened, it was a big blow, separate but equal. So this is a ruling on separate but equal, that this is a big blow because inventors at the time were doing what everybody else was doing, right? They were going to libraries to find patent digest to find out what the latest inventions were. They were running into each other at their patent attorney's office or in the downtowns of all of these places where they were working. But all of a sudden, that wasn't possible anymore. These commercial districts became all white. They weren't able to manufacture and sell their inventions. They had to often become middlemen and become wholesalers so that they weren't Facing the public”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think that it was largely Pussy versus Ferguson. So that was in 1896. And this was the culmination of a long period of repealing pieces of the civil rights act of 1875. And this was the southern states were challenging it bit by bit, tipping away at it bit by bit.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“He led completely different lives from their counterparts like Edison or for Garrett Morgan. It would have been Charles Brush and Cleveland. They just had to work so many channels, many back channels, for example, to be able to sell their wares. He had to dress up like a Native American to be able to display his gas mask because once it was found out that he was African-American and this gas mask was being used by fire departments all across the South, they started canceling their orders and fire departments all across the country, but the ones in the South started canceling their orders he used to hire white men to pretend like they were him and go around the country to sell his gas mask. So he was really adept at overcoming this increasing consumer. Discrimination in America at the time.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's right. And that's for the modern period. That includes data up to 2010. So after the 1940 data, but certainly it is still the case. The reason why it's still salient is because 1899 is still the peak year for African American patenting per capita. That's one of the stark things that we learn in this paper white patenting is two orders of magnitude higher. Patenting by women is one order of magnitude higher and the size of a patent team in 1899 for African Americans is the same size today if we're using 2010 data. That is astonishing because we're the rest of patentees. These patent teams have exploded. Especially if we're talking, say, chemical patents, it wouldn't be unusual to find 20 or 30 people on patents for some chemical products. So this”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Machinist in the census data. But if you got family members to talk about them, they would describe themselves as inventors. So anyway, I tried everything I could. And eventually I was able to fill this in. But it took a lot of work. This is pre Google patents. This is before all of this was digitized. This is ancient history now, but things were changing rapidly at the time. But that's how I came up with this list of African American inventors.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Was carried out in 1900 and in 1913 by the patent office trying to identify African American patentees. Now, that was good for that period up to roughly 1913, but there were some flaws. It didn't accurately identify the first African-American patente. So there were a few holes, so I had to fill those. But I started looking for everything. And I wanted it to not be biased towards famous people because the patent data set itself is not biased toward famous people. I looked at obituaries, for example, just because people would talk about their family members as inventors, and they may not have described themselves that way in say the senses. I mean, Edison identified himself as a machinist, and many of these inventors describe themselves.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Men in America have named that are those of presidents. So this is, you know, this wasn't unique to African Americans, so that didn't help. So I just started looking for all of the scientists, potential inventors I could to try to capture the universe of inventors some way, say with directories, with articles. I found this old survey of patent agents and patent attorneys.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Of systematic names of black names historically for African Americans. And I did that by using the census again. Luckily, later on, my co-authors, Tvon Logan and John Parman, helped to externally validate that list, but that was the first time that such a list existed. So that was the first thing that I had to do. After I did that, Only a few people fit that pattern. There were only a few patentees who had these black names. So I was able to capture some, but not many. Then I resorted to a common myth about African American names related to naming people, especially men after president. So started looking for president. Okay, so what happens is that all”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's a good question. I tried everything. I tried everything. So the first thing that I did was to try to do what Molen Nathan and Bertrand Molinathan did and others who study black names in the contemporary period. I tried to do what they did. And I tried to take data from the census and find the most popular names, ones that were distinctively African American. And I did it for this period, but those don't apply. The names they use were post-civil rights era names. They weren't historical. So I decided that I needed to do that for the historical period. And that's how I came up with the first”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And I thought after I finished my dissertation, maybe I'll come back to it. And it kept weighing on me, this question I thought was a really good one because at the time the conventional wisdom was that if you protected, if a country protected intellectual property rights, that was sufficient for innovation to come, for invention and innovation to come. And I thought the Russians deserve a better answer than this. So I wondered if there were an historical experiment that could inform what the Russians were going through. And I thought, well, maybe this period of the late 1800s, early 1900s could be elucidating. And I just decided that maybe, you know, maybe I'll look at patents to see what's going on there. Of course, I thought it was going to be easy to find African-American patents. Of course, it wasn't because racism it recorded on patent data. So that was a big.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“This research came from my dissertation, it emerged from my dissertation being written in Moscow and on the Russian banking system. Interviewed Both bankers and entrepreneurs trying to figure out if a Russian banking system could emerge in this post Soviet period. So this is the early 90s. It was a rough and tumble time when major banker on averages was being killed per month. It was a time when structures were being figured out as long as”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“It got started as a well, I wouldn't say as a result of, but certainly the founders of my former students in the AEA summer program, but a lot has happened in just that short year. And I think I'm just grateful to see the movement and hope it is sustained within the economics field. There's a lot more going on, not just what I'm saying, renaming lectures and making the place more welcoming for All kinds of people being more open about mental health, again, about being inclusive in so many different ways. I think this is just historic. This is a historic change for the American Economic Association.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, even if people were talking about it in the last year before, say, the work from home period before the pandemic, before George Floyd, people were embracing this notion that this wasn't just one person. And I think that that in economics, many of us were often told that, well, that's NEO-Syncratic and you're overreacting. But when you see the results from the climate survey from 9,000 respondents, we see a pattern and we see a pattern with respect to pay, promotion, and the climate in economics. The SADC Collective has taken off.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Doing a PhD in economics, and this was the way to do it. So I had those two sources that led to that op-ed. And with respect to the reaction, the reaction has largely, I would say, been good in the sense that it got a conversation started. It doesn't even feel like it's just been a year ago. So much has happened in a year.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“How can that be welcoming? How can that be serious if our research isn't being taken seriously, our careers aren't being taken seriously? And the other motivation, so one motivation with the climate study. The other one was, as director of the American Economic Association Summa program, I noticed that there weren't so many black women. And I thought, okay, I know that black women outnumber black men in the STEM fields in undergraduates. So what is going on here? So I certainly put it at the top of my list to try to recruit more black women to apply to the AEA summer program and to get them to think more seriously about”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And certainly we didn't know that African American women were the ones who had to take more steps to avoid discrimination and that they were the ones reporting the most discrimination. So that was worrisome in and of itself. So definitely one of the motivations for writing the op-ed to talk more about that. And again, the comments were terrifying. One of them led the article. If I were to advise my son, I would tell him not to go into economics and I regret having gone into it. This person implied that she was a black woman. There was another comment that really hit home. Why is it that all these prizes are given and no African Americans ever win these prizes like Nobel on the day that the Nobel is being awarded like the Nobel”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“There were two sources of that article, that op-ed. The first was that the AEA, American Economic Association, had done a climate survey. And I was on the committee to write up the results, and it was astonishing. The kind of comments, especially that we got from people in the profession, we learned a lot from that, as you can recall. We learned a lot about how widespread sexual harassment was. We learned that people were not feeling included in economics for various reasons. We knew that we suspected that promotion and pay were a problem with respect to minority women, but we didn't know the extent to which that was the case.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“To serve on my committee to help me hone these questions. So yes, very, very fantastic person to my committee, David Romer. Clearly I liked macro, right? I liked international topics. And I just had a wonderful time at Berkeley with all of them.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Also, a deep mentor. And then at Berkeley, it was Paul Romer in addition to the people on my committee, George Akilos, whom I talked to all the time, especially about Russia. And the thing about choosing the topic that I did to study the Russian banking system. Now, this was in the early 90s, right? So we were trying to figure out what are the best models to analyze the Russian economy with. Is this banking system like another? Is it forming like others? Can it form like others? How does one allocate credit on a market basis when it hasn't been before or recently? So I was looking for anybody who could elucidate this. And I was just grateful that people talked to me and were willing to.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“hysteresis among economists and among academics in general. So most of my relatives were in some form of academia. So I certainly got a lot of exposure to it, but I wasn't convinced that that's what I wanted to do. My advisors, whether they were formal or informal at Spellman and at Berkeley were just off the charts amazing. One of them was Was Donald Mintel Stewart, who was president of Selman College at the time. And at one point at the college board, an absolute mentor and helped to encourage me to apply for the Marshall and for the Rhodes and other take advantage of other opportunities, Marjorie Gantz.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's right. I am not certain that I was always headed to academia. I thought I was going to be a lawyer, certainly because so many people in my family and around me were involved in the civil rights movement. One of the things that I thought about all the time was making sure that voting rights were protected. And the way to do that was through the law. And it wasn't until much later during this period of climbing, for example, and trying to figure out whether it was going to do economics or not, that I rejected the law. But I didn't think I was going into academia if I did the law. I think there's a lot of”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Putting it off, a client Kilimanjora with this Cambridge trained economist, and he convinced me that, no, I should not go off to LSE and do a PhD in mathematical logic, which is what I was planning. I should do a PhD in economics. So in five hours, he convinced me that this is what I should do. So I think that's the answer to your question.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“That notion is something that really started turning the wheels for me. How do you plan an economy and how do you try to close the racial wealth gap? This was a multicultural effort, but the emphasis was on trying to create some good jobs so that the racial wealth gap would be closed. Now this is in the 60s and 70s. So that's one answer. That's upon a lot of reflection recently. But I would say that at Oxford, when I was trying to decide on one of the three topics I was to study within philosophy, politics, and economics, I took this mathematical economics tutorial. It was so much fun. It is a grad student teaching it. And I kept telling myself, there cannot be a field that is this much fun. It can't be, can't be.”
2020-10-14 · Masters in Business · Lisa Cook on Gender and Race in Economics (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source