baltimoresun.com

« Greenspan: Crisis shook my free-market worldview | Main | Can Constellation wriggle out of Buffett's embrace? »

October 24, 2008

When economists dissemble and lie

HT to Greg Mankiw for linking to this call for papers from Econ Journal Watch. Professional economists are invited to confess (anonymously) to any and all of the following. Of course this sort of intellectual shading goes on to some degree in almost every profession. All the more reason to promote the free speech and political checks and balances that can counter self-interested malarkey.

-- Building models one does not really believe to be useful or relevant.

-- Making simplifications that obscure or omit important things.
Using data one does not really believe in.

-- Focusing on the statistical significance of one’s findings while quietly doubting economic significance.

-- Engaging in data mining.

-- Drawing “policy implications” that one knows are inappropriate or misleading.

-- Keeping the discourse “between the 40 yard lines” so as to avoid being outspoken; knowingly eliding fundamental issues.

-- Tilting the flavor of policy judgments to make a paper more acceptable to referees, editors, publishers, or funders.

-- Disguising one’s methodological or ideological views, such as by omitting revealing activities or publications from one’s vitae.

-- For government, institute, or corporate economists: Having to significantly play along with things one does not believe in.

Posted by Jay Hancock at 10:23 AM | | Comments (1)
        

Comments

Huh. Most of these things happen with some regularity in the academic world, regardless of field. How else are grad students and second-tier thinkers going to get published? Not everyone can be a Friedman or Levitt.

Post a comment

All comments must be approved by the blog author. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Verification (needed to reduce spam):

About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
-- ADVERTISEMENT --

Most Recent Comments
Baltimore Sun coverage
Sign up for FREE business alerts
Get free Sun alerts sent to your mobile phone.*
Get free Baltimore Sun mobile alerts
Sign up for Business text alerts

Returning user? Update preferences.
Sign up for more Sun text alerts
*Standard message and data rates apply. Click here for Frequently Asked Questions.
Charm City Current
Stay connected