Skip to content

When Economics Runs in the Family


Tuesday, March 26, 2019

Aunt. Uncle. Grandfather. Father. All were economists in Kate Warne’s family.

Warne, who served on the Council of Economic Advisers during the Reagan administration, recalled in this Women in Economics podcast interview how she intentionally majored in political science rather than following in the family footsteps. That is, until she starting looking for a job. “I realized that it was my minor in economics that everybody was interested in, so then I went on and did a Ph.D. in economics.”

Warne, now a principal and investment strategist at Edward Jones, also discussed the wisdom of strategically sourcing women as financial advisers—“[W]e actually think it gives us a competitive advantage, so there’s huge amounts of opportunity”—and offered advice to anyone contemplating a career in econ.

“[D]on’t think of it as, ‘Oh, well, the only thing I can do is become an economics professor.’ It’s basically a good grounding for whatever you decide to do because it’s this way of thinking, and it’s an analysis of what’s going on in the world. … There are all kinds of things that we’re concerned about where good economic analysis is needed and where the problems are really, really interesting.”

Additional Resources

Posted In Financial  |  Tagged kate warneeconomicswomen in economics
Commenting Policy: We encourage comments and discussions on our posts, even those that disagree with conclusions, if they are done in a respectful and courteous manner. All comments posted to our blog go through a moderator, so they won't appear immediately after being submitted. We reserve the right to remove or not publish inappropriate comments. This includes, but is not limited to, comments that are:
  • Vulgar, obscene, profane or otherwise disrespectful or discourteous
  • For commercial use, including spam
  • Threatening, harassing or constituting personal attacks
  • Violating copyright or otherwise infringing on third-party rights
  • Off-topic or significantly political
The St. Louis Fed will only respond to comments if we are clarifying a point. Comments are limited to 1,500 characters, so please edit your thinking before posting. While you will retain all of your ownership rights in any comment you submit, posting comments means you grant the St. Louis Fed the royalty-free right, in perpetuity, to use, reproduce, distribute, alter and/or display them, and the St. Louis Fed will be free to use any ideas, concepts, artwork, inventions, developments, suggestions or techniques embodied in your comments for any purpose whatsoever, with or without attribution, and without compensation to you. You will also waive all moral rights you may have in any comment you submit.
comments powered by Disqus

The St. Louis Fed uses Disqus software for the comment functionality on this blog. You can read the Disqus privacy policy. Disqus uses cookies and third party cookies. To learn more about these cookies and how to disable them, please see this article.