The Invisible Woman [Jayati Ghosh]

The video discusses the significant impact of gender on economic structures, highlighting how societal expectations and unpaid labor by women shape economic policies. It critiques the traditional economic model of 'rational economic man' and emphasizes the importance of recognizing the care economy, largely managed by women, which is not driven by rational economic behavior. The video argues that gender roles are socially constructed, affecting all economic processes, and that markets reflect societal power imbalances, necessitating regulation to prevent further divisions.

Why is it crucial to understand gender roles in the context of economics?

• They help in understanding the inexplicable aspects of the economy.

• Because they have no impact on economic processes.

• They are determined by biological factors.

• They are only relevant to sociological studies.

What is a major flaw in the concept of 'rational economic man'?

• It accurately represents all economic behaviors.

• It is based on biological differences.

• It only applies to macroeconomic models.

• It ignores the significant role of the care economy.

How does unpaid care work challenge standard macroeconomic theories?

• It is irrelevant to economic discussions.

• It has no impact on economic theories.

• It supports the traditional economic models.

• It undermines the methodological basis of these theories.

In what way do markets reflect societal structures?

• They are solely based on economic principles.

• They are ideal and unbiased.

• They mirror existing power imbalances.

• They are completely independent of society.

Why is it important to raise awareness about gender issues in economics?

• To focus only on biological differences.

• To facilitate changes in economics and economic policy.

• To ensure economic policies remain unchanged.

• To maintain the status quo.