This is CBS, I on the world. I'm John Datscher. Where do economists come from?

I welcome John Cochran, an economist, at the Hoover Institution on Palo Alto, California, the

Stanford campus, the author of the book The Fiscal Theory of the Price Level, but right now we're attending to the social part of where

do economists come from. Yes, they're babies and they grow up, but at the meantime

we're going to concentrate on the ordeal of becoming an economist, undergraduate, graduate, post-grad, post-doc,

pre-doc, all of these words John Cochran introduces me to into the grumpy economist, the blog that he keeps very carefully

to explicate the passing scene from an economist point of view.

Professor, a very good evening to you.

Where economists come from is a great deal of work,

and I'm struck in your essay about how they move on.

They're never anywhere one, more than one to two years which is an afternoon.

And this puts a burden on all economists, but especially young women who delay childbearing

and family formation

into their 30s maybe into their 40s

your essay however suggests this is not now a major concern

for economists they're not focusing on it. Should they, will they, John, because there are other methods of making people both

graduate economists and moms.

Good evening to you. Good evening. Yes and moms. Good evening.

Yes and yes, I hope and thank you for asking me on.

This is a dangerous topic for two old men like you and me to be talking about,

but we must because it's important. So two interesting things have happened in my time in the economics profession since the 1980s.

The first is a dedicated desire to bring more women into a very male-dominated profession, which is a good

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