Epstein advocates for code of ethics

Gerald Epstein

Gerald Epstein, economics professor and department chair, comments in recent news stories about how the American Economic Association, the world’s largest professional society for economists, is debating whether to adopt a code of ethical standards. The move is coming in response to criticism of many economists who comment in the media or give professional testimony about economic issues without disclosing their personal and financial ties to the industries they are discussing. Epstein and graduate student Jessica Carrick-Hagenbarth recently published a paper that found many of the financial economists who weighed in on new federal regulation of Wall Street didn’t disclose their potential conflicts of interest. (Reuters, 12/20/10; New York Times, 12/30/10; Bloomberg, 12/31/10)

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