{"id":185401,"date":"2011-07-10T19:26:00","date_gmt":"2011-07-11T00:26:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/07\/10\/unsurprising-news-of-the-day\/"},"modified":"2011-07-10T19:26:00","modified_gmt":"2011-07-11T00:26:00","slug":"unsurprising-news-of-the-day","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/07\/10\/unsurprising-news-of-the-day\/","title":{"rendered":"Unsurprising News of the Day"},"content":{"rendered":"

It turns out that academic economists are not interested in their profession adopting a code of ethics<\/a>:<\/p>\n

The world’s largest association of economists is considering ethics guidelines after outrage about undisclosed conflicts of interest, but only a handful of its 18,000 members have bothered to offer any input.<\/p>\n

The American Economic Association earlier this year charged a five-person panel with looking into ethics and economics — in part a response to the 2010 documentary “Inside Job” that vilified a number of big-name economists for arguing in favor of deregulation while on Wall Street’s payroll.<\/p>\n

The film also notably skewered former Federal Reserve Governor Frederic Mishkin, who wrote a glowing paper about Iceland’s financial system in 2006 — for which he was paid by the Icelandic Chamber of Commerce. Two years later, the country’s financial system collapsed.<\/p>\n

The panel, chaired by Nobel prize-winning economist Robert Solow, asked for input from the broader membership, with an end of June deadline, but so far, Solow said, he has received at most a dozen responses.<\/p><\/blockquote>\n

They then follow with a quote from some pissant by the name of David Card, an Econ prof at UC Berkeley, suggesting that it’s not necessary, because they don’t make that much.<\/p>\n

But as Yves Smith wryly observes<\/a>, “Last I checked, economists are much better paid than other social scientists, and lesser paid professions, like nurses and teachers, have codes of ethics.”<\/p>\n","protected":false},"excerpt":{"rendered":"

It turns out that academic economists are not interested in their profession adopting a code of ethics: The world’s largest association of economists is considering ethics guidelines after outrage about undisclosed conflicts of interest, but only a handful of its 18,000 members have bothered to offer any input. The American Economic Association earlier this year …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[991,970,973],"tags":[],"class_list":["post-185401","post","type-post","status-publish","format-standard","hentry","category-academe","category-corruption","category-economy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185401"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=185401"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185401\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=185401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=185401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=185401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}