NPR Topics: U.S.

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Saturday, January 1, 2011

Academic Economists To Consider Ethics Code -

Academic Economists To Consider Ethics Code -

“It’s good to get this stuff out in the open, but I don’t like the idea of the A.E.A. watching over this,” said Mr. Lucas, a Nobel laureate at the University of Chicago.
Mr. Lucas added: “What disciplines economics, like any science, is whether your work can be replicated. It either stands up or it doesn’t. Your motivations and whatnot are secondary.”

In the mean time, Mr. Lucas could use his academic   reputation   to alter market behavior one way or another, as many academics have done and are still doing.

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