Singapore — A former senior US Federal Reserve economist levied a broad critique of her profession on Wednesday, saying that racism, sexism and elitism have led to toxic work environments and bad policy advice.

“Economics is a disgrace,” said Claudia Sahm, now director of macro-economic policy at the Washington Centre for Equitable Growth, in a blog post that ran to more than 6,000 words and called out some of the field’s most prominent academics...

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