Analyze the factors that contribute to the lack of diversity among prominent economists.

In the article “Lack of Diversity in Economics Holds Back Its Relevance and Value to Society” provided in the module resources, the authors wrote the following:

“…students from lower socio-economic backgrounds and ethnic minority groups are more likely to drop out of university, and less likely to be awarded an upper second-class degree or higher in economics, even when they have a similar educational background to their more well-off, White counterparts. This has direct impact on the diversity of professional and academic economists, and limits the range of perspectives and experiences that economists can bring to their research and the policy-making process.”
Considering the historical biases and structural inequalities within economics, reflect on the role of economists in shaping policy and decision-making processes.

In your initial post, address the following:

Analyze the factors that contribute to the lack of diversity among prominent economists.
How does this impact the field’s ability to address the needs and perspectives of diverse populations?
Support your claims with evidence from the module resources and your own research.

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