Testosterone and the recession: What goes around comes around?

Back in October a study found that high testosterone levels were associated with higher levels of financial risk-taking. Now comes the blowback, as Andrew Sullivan notes:

Tina Beatie attacks testosterone:

...it is interesting to note that Pope Benedict has recently suggested that there is a close connection between original sin and the greed that has created the current economic crisis. It is also notable that the credit crunch has been created by a profession that is almost exclusively male. In the line-up of failed bankers, not a single woman's name has appeared. Male greed has proven to be a murderous sin, destroying the livelihoods of millions, bringing down economies and social institutions and threatening starvation to the most vulnerable people on earth.

But it's not as if men have escaped the brunt of recession. They are losing their jobs in far greater numbers than women.

That people take risks and get greedy shouldn't be news, of course. The crash was due to a wee few regulatory problems as well -- and the mistaking of a fuzzy risk formula as a save haven, as described beautifully by Felix Salmon recently in Wired.

More like this

Financial trading is really risky business for individuals and economies alike. Millions of pounds and dollars rest on the fast decisions of stressed people, working under extreme pressure. With such high stakes, it's worth remembering that traders, regardless of their intellect or experience, are…
Males—now this might shock you—generally spend a lot of time and effort trying to convince females they're worth sleeping with. Whether it means building an ornate bower, shaking their tail feathers, or buying the biggest diamond ring, men put a lot of work into getting laid. And why do they go to…
What do you think a group of women would do if they were given a dose of testosterone before playing a game? Our folk wisdom tells us that they would probably become more aggressive, selfish or antisocial. Well, that's true... but only if they think they've been given testosterone. If they don't…
Some people go out of their way to help their peers, while others are more selfish. Some lend their trust easily, while others are more suspicious and distrustful. Some dive headlong into risky ventures; others shun risk like visiting in-laws. There's every reason to believe that these differences…

Feh. If it wasn't for women, men would just live like bears in the forest. The cause of greed is that women will only mate with the man with the biggest spear, the most goats.

See? Sexism works both ways.