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Critical Perspectives on Financial and Economic Crises: Heterodox Macroeconomics Meets Feminist Economics

Author

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  • Sakiko Fukuda-Parr
  • James Heintz
  • Stephanie Seguino

Abstract

This contribution brings together various strands of analysis about the causes, consequences, and policy ramifications of economic crises, with a specific focus on distributional dynamics. It aims to facilitate a conversation between macroeconomic theorists of crises and instability and feminist economists and scholars of intergroup inequality. Macroeconomic analyses of the Great Recession have centered on the causal role of financial deregulation, capital flow imbalances, and growth of income and wealth inequality. That work tends to be divorced from research that analyzes broader distributional impacts, prior to the crisis and subsequently, transmitted through economic channels and government responses. This study's framework emphasizes the role of stratification along multiple trajectories -- race, class, and gender -- in contributing to economic crises and in shaping their distributional dynamics. The study underscores the long-run effects of the 2008 crisis on well-being, highlighted in feminist economists' research on social reproduction and often missed in the macroeconomics literature.

Suggested Citation

  • Sakiko Fukuda-Parr & James Heintz & Stephanie Seguino, 2013. "Critical Perspectives on Financial and Economic Crises: Heterodox Macroeconomics Meets Feminist Economics," Feminist Economics, Taylor & Francis Journals, vol. 19(3), pages 4-31, July.
    • Handle: RePEc:taf:femeco:v:19:y:2013:i:3:p:4-31
    DOI: 10.1080/13545701.2013.806990
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    References listed on IDEAS

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    1. Raghuram G. Rajan, 2010. "Fault Lines: How Hidden Fractures Still Threaten the World Economy," Economics Books, Princeton University Press, edition 1, number 9111.
    2. Scott E. Page, 2007. "Prologue to The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies," Introductory Chapters, in: The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies, Princeton University Press.
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    Cited by:

    1. Eckhard Hein, 2020. "Gender Issues in Kaleckian Distribution and Growth Models: On the Macroeconomics of the Gender Wage Gap," Review of Political Economy, Taylor & Francis Journals, vol. 32(4), pages 640-664, October.
    2. Yu-Ling Chang, 2020. "Does State Unemployment Insurance Modernization Explain the Trajectories of Economic Security Among Working Households? Longitudinal Evidence from the 2008 Survey of Income and Program Participation," Journal of Family and Economic Issues, Springer, vol. 41(2), pages 200-217, June.
    3. Suwastika Naidu, 2016. "Does Human Development Influence Women’s Labour Force Participation Rate? Evidences from the Fiji Islands," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(3), pages 1067-1084, July.
    4. Ebru Kongar & Mark Price, 2017. "Gender, Socioeconomic Status, and Time Use of Married and Cohabiting Parents during the Great Recession," Economics Working Paper Archive wp_888, Levy Economics Institute.
    5. Aashima Sinha, 2023. "The Road to Gender-Equitable Growth: A State-level Analysis of Social Reproduction in the U.S," Working Paper Series, Department of Economics, University of Utah 2023_03, University of Utah, Department of Economics.
    6. Izaskun Zuazu, 2024. "Reviewing feminist macroeconomics for the twenty-first century," Review of Evolutionary Political Economy, Springer, vol. 5(2), pages 271-299, September.
    7. Zuazu-Bermejo, Izaskun, 2024. "Reviewing feminist macroeconomics for the XXI century," ifso working paper series 30, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
    8. Brenda Spotton Visano, 2017. "Gendering Post-Keynesian Monetary Macroeconomics With Situated Knowledge," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(4), pages 567-573, December.
    9. Emel Memis & Ebru Kongar, 2020. "Potential Impact of Daycare Closures on Parental Child Caregiving in Turkey," Economics Working Paper Archive wp_978, Levy Economics Institute.
    10. Giovanni Razzu & Carl Singleton, 2018. "Segregation and Gender Gaps in the United Kingdom's Great Recession and Recovery," Feminist Economics, Taylor & Francis Journals, vol. 24(4), pages 31-55, October.
    11. Shaianne T. Osterreich, 2019. "Gender and Comparative Advantage: Feminist–Heterodox Theorizing about Globalization," Economies, MDPI, vol. 7(2), pages 1-12, May.

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