Climate and health experts also hide financial ties, making capture profession-wide

Evidence

However, we would be remiss if we neglected to point out that hidden ties to other private firms on the part of those who purport to speak for “the public good” are in fact ubiquitous, wherever neoliberal doctrine has inspired initiatives to reengineer markets with the help of state power. For instance, neoclassical “experts” on global warming who promote emissions trading as the solution to environmental degradation have been demonstrated to have extensive ties to private for-profit firms benefiting from permit trading, which they rarely acknowledge. Indeed, one can understand the co-optation of climate activism by pollution permits as the engulfment of science by the financial sector, ever in search of new fields to securitize. Much the same has happened in health economics. It is not just macroeconomists who have succumbed to the siren song of paid advocacy: it is the entire economics profession. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 582

Categorization

  • XREF: Extends the revolving-door argument beyond macroeconomics to climate economics; parallels the reader’s knowledge of carbon-market critiques like Lohmann. — connects to: Academics who shaped the crisis conceal their consulting ties while playing impartial arbiters — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 572; Professionals conceal their backstage practice to hide the gap between expertise and the expert. — Anthony Giddens, The Consequences of Modernity, 207; The economist career conveyor belt into finance undermined the pretense of independent expertise — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 581 (+3 more)

Broader Connections