Thursday, March 10, 2022

LISA COOK

 The study of economics in my life has largely been a post-secondary personal pursuit. My high school teacher gave me the impression that the financial system was increasingly unknowable following the uncoupling of currency and gold. Additionally, our investment into Air Canada (which was, to be fair, only a year long) was a failure, earning less on the sale then we had put it, which hurt in 1989 when a GI was returning 10%. Needless to say, I learn to save, and invest safely, which doesn't help me much in the current market. 

Since then, I have moved from personal budgets to financial planning to investment. I am still learning, so a few years ago, when I happened on a podcast called Planet Money, I began to see that economist have a point of view on far more than money. From my personal viewpoint, they are some of the greatest modern philosophers in the world. They analyze date and come up with solutions. They have insight into almost every system out there, and that is very exciting and comforting!

One such economist has sparked even further interest in her extensive historical research. Her name is Lisa Cook, and her articles are worth reading.The podcast called Patent Racism that introduced her to me was on Planet Money was an analysis of black racism and the impact of black innovation. She found that people's general understanding of the history of black was lacking, and even had to provide that as the basis of her economic study and argument that lynching/violence kills innovation while it's killing victims. It's a pivotal note in history, and a modern day cautionary tale. 

From her work, I was introduced to the lynching of Emmitt Till (and his remarkable mother, in Women of the Movement on Global), the devastation of the Tulsa Race massacre (imagine your neighbourhood razed to the ground), and the Tuskegee report on lynchings (a brutal short history here).

 Racism and lack of diversity kills innovation, and both need to be avoided. The paper that started it all is titled: Violence and Economic Activity  with its abstract.

Here is a talk she gave on Diversity and Innovation. Another on What Promotes Or Kills Innovation?

Here is the blueprint for the present proposed implementation for an Innovation Economy, called the Hamilton Project.

I look forward to follow and aspiring to more Lisa Cook ideas.

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