Alan Greenspan was a manager of an economic consulting firm in the 1960's He hired primarily female economists. He once told The New York Times, "I always valued men and women equally, and I found that because others did not, good women economists were cheaper than men." Alan Greenspan later served as chair of the Federal Reserve Board from 1987 to 2006. In your response, please fully discuss the following, if necessary relate to supply and demand concepts.
-Is Greenspan's behavior profit maximizing?
-Is it admirable or despicable?
-If more employers were like Greenspan, what would happen to the wage differential between men and women?
-Why might other economic consulting firms at the time not have followed Greenspan's business strategy?