I literally just finished Economics of Discrimination for my labor class, and I changed how I teach this (and the entire labor econ) dramatically this year, after so disturbed by economists saying "taste discrimination is inefficient and statistical discrimination is efficient".1 https://twitter.com/wagesofwins/status/1198418492770271234">https://twitter.com/wagesofwi...

Such outdated theories (once again, reasons we need diversity than white knights... ) still shape every aspects of our field. Women, POC, under-represented social economic groups, economists from non-dominant countries have to strive so hard, even in just publishing to "fit-in".2

to whoever determines what a good/interesting question is; what an important/significant contribution is... A lot of us have to abandon, oftentimes, the key reason that we initially enter in the study of economics, or just leave the field altogether... 3

Anyway, had the theories of discrimination being developed by those who live daily in the struggle against it some half a decade ago, we probably would have a more burgeoning theoretical understanding of discrimination in economics. 4

Discrimination messes us in the utility function, risk aversion, elasticity of labor supply, discounting, initial distribution of state variables, shock paths we receive the entire lifespan and cross-generations... In short... ITS NOT JUST F*CKING PROFIT MAXIMIZATION!!! 5

Back to my labor class, I tried to leave a msg to students that thanks to a recent burgeoning collection of effort in empirical studies, economists (hopefully) finally start to see that discrimination is inefficient in all its aspects and CANNOT be driven out by market. 6

The so-called "efficient" statistical discrimination is THE WORST KIND OF MISALLOCATION WEDGE created by colonialism and is still fucking the entire world we live in. THAT& #39;S THE WORST TYPE OF INEFFICIENCY THAT THE MARKET CANNOT SOLVE. 7/end of Sunday-morning-complain