Why a lack of diversity hurts economics–and economists

It was really scary not knowing what the correct thing to think on this issue was so I feel a lot better now that a large corporation has demonstrated the ethically suitable position.

Japan is essentially a monoculture. Other than their below-replacement birth rate, they don't seem to be struggling -- at least not based on any (non-existing) plan to diversify.

The same is true for China.

And India.

In fact, let's just cut to the chase: it is only the west that seems to subscribe to this notion.

P.S. Here's a culture that does appear to be "struggling" with / from diversity: Russia.

I guess India, Japan, and China must be doing something very wrong then.

Is this why China's economy is in shambles?

>The lack of diversity in economics becomes self-reinforcing when potential students don’t see themselves represented in the profession.

>If you don't see anyone who looks like you in the profession, it could be difficult to imagine yourself in the domain.

In other words, diversity creates problems that otherwise wouldn't exist.