“I don’t care who writes a nation’s laws – or crafts its advanced treatises – if I can write its economics textbooks,” - Paul Samuelson, Economics: An Introductory Analysis, 1948 We have an excellent example of the low standard of ethics of a university economics department. Recall that Goldman Sachs salesman, Fabrice Touree, was convicted of fraud in the Abacus CDO scandal. In his emails, he callously joked about selling widows and orphans the financial junk that he helped to create (
Economists' Ethics: Playing for Pay
Economists' Ethics: Playing for Pay
Economists' Ethics: Playing for Pay
“I don’t care who writes a nation’s laws – or crafts its advanced treatises – if I can write its economics textbooks,” - Paul Samuelson, Economics: An Introductory Analysis, 1948 We have an excellent example of the low standard of ethics of a university economics department. Recall that Goldman Sachs salesman, Fabrice Touree, was convicted of fraud in the Abacus CDO scandal. In his emails, he callously joked about selling widows and orphans the financial junk that he helped to create (