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Departmental Statement Concerning Recent Acts of Racism and Violence

The Department of Economics firmly believes that education is key in combating racism.  To that end, the Department of Economics is offering the following Pathways course in Fall 2020 to ALL interested students:

ECON 1204 - Economics of Race: This course investigates the causes and consequences of racial differences in economic outcomes using both economic models and data. The analysis is situated in the relevant historical and institutional contexts. The course will also consider the impact of current and proposed public policies on a variety of outcomes across different racial and ethnic groups.

Moreover, the Department of Economics at Virginia Tech strongly endorses the following statement issued by the American Economics Association Executive Committee to the Members of the American Economic Association:

The officers and governance committees of the American Economic Association are deeply saddened by the killings of Black men and women by police officers, and we condemn those acts in the strongest possible terms. We acknowledge the pain of our colleagues and students—and especially our Black colleagues and students—who must once again bear witness to evidence that violent racism has not yet been eradicated from our society. The recent incidents compound the hurt reflected in measures of inequality faced by Black Americans today, including a disproportionate number of deaths due to COVID-19 and a disproportionately high rate of unemployment.

We stand with the peaceful but rightfully impassioned protestors demanding action. The work of economists and others demonstrates two strands of truth that must be acknowledged for meaningful change to happen: the legacy of slavery lives on, not just in the criminal justice system but in our universities and other powerful economic institutions; and ending racism requires personal and collective action. We commit ourselves personally and professionally to actions that the economics profession can and should take to contribute to broader social efforts to root out racism.

We recognize that we have only begun to understand racism and its impact on our profession and our discipline. We have learned that our professional climate is a hostile one for Black economists. As documented in
our 2019 survey, only 3% of the profession identifies as Black (compared with 13% of the U.S. population) and almost half (47%) of Black respondents reported experiences of discrimination in economics. Only 45% of all survey respondents (regardless of race) believed that economists who are not White are respected in the field.

We commit to improving the representation and experience of Black Americans in our profession. We will continue to invest in programs, policies, and practices that bring students from underrepresented groups into economics and that strive to create a culture of inclusion in our classrooms, curricula, research, and workplaces. For individuals looking to find or to offer support in the profession currently, we draw your attention to existing AEA resources, including the
AEA Ombudsperson, the AEA Best Practices for Economists, the AEA Code of Conduct, the AEA Policy on Harassment and Discrimination, the AEA Summer Program (AEASP), and others offered by the Committee on the Status of Minority Groups in the Economics Profession (CSMGEP) and the Committee on the Status of Women in the Economics Profession (CSWEP).

We encourage all economists to seek out existing scholarship on race, stratification economics, and related topics. To get us started, our AEASP and CSMGEP colleagues and students are compiling a
reading list on racism and the experience of Black Americans. Members of the AEA Executive Committee have pledged to continue to educate themselves in part by reading works from the list and to seek to integrate work by diverse authors in course syllabi, and we ask all economists to make the same pledge. We look forward to the development of new scholarship by economists to better understand racism, a word that rarely appears in our professional journals, and how to end its impact on our economy, and encourage submissions to the AEA journals that address aspects of racism and economics.

Finally, we know that other groups also experience racism, discrimination, and exclusion. Please be assured that the AEA will continue its commitment to equity, diversity, and inclusion for all marginalized and underrepresented groups.