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The Great Crisis and the Significance of Gender in the U.S. Economy


  • Janice Peterson


Thorstein Veblen, the founder of institutional economics, treated the study of "woman's place" as central to economic analysis, and his views on women's social and economic status were an integral part of both his critique of American society and mainstream economic thought. This presidential address to the Association for Evolutionary Economics considers the insights gained by observing the "Great Recession" through the intellectual window of "woman's place." The address begins by highlighting some of the main arguments of, and responses to, a particular narrative of the nature and consequences of the economic downturn that labeled the "Great Recession" a "Mancession," and then identifies key aspects of feminist-institutionalist thought that provide important insights into the significance of this popular narrative and reinforce the importance of doing institutionalist work that is feminist.

Suggested Citation

  • Janice Peterson, 2012. "The Great Crisis and the Significance of Gender in the U.S. Economy," Journal of Economic Issues, Taylor & Francis Journals, vol. 46(2), pages 277-290.
  • Handle: RePEc:mes:jeciss:v:46:y:2012:i:2:p:277-290
    DOI: 10.2753/JEI0021-3624460203

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    Cited by:

    1. Smriti Rao & Hazel Malapit, 2015. "Gender, Household Structure and Financial Participation in the United States," Journal of Family and Economic Issues, Springer, vol. 36(4), pages 606-620, December.
    2. Mathieu Dufour & Özgür Orhangazi, 2016. "Growth and distribution after the 2007–2008 US financial crisis: who shouldered the burden of the crisis?," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(2), pages 151-174, April.
    3. Giovanna Vertova, 2014. "What’s gender got to do with the Great Recession? The Italian case," Chapters,in: The Great Recession and the Contradictions of Contemporary Capitalism, chapter 11, pages 189-207 Edward Elgar Publishing.

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