Economists publicly deny the industry ties that structure their profession.
Evidence
None of this is mentioned at Feldstein’s official Harvard website. He has explicitly denied on record that the financial industry has had any influence on the economics profession. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 566
Categorization
- QUESTION: Follow up: what mechanisms let the profession so effectively disavow its own patronage structure?
- XREF: connects to: Economists advising on financial reform mostly hid private industry affiliations — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 577; Economists opposing the bailout publicly hid their Cato Institute affiliations. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 639; Mainstream economics gives patrons the knowledge they pay for rather than objective truth. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 806 (+5 more)
Broader Connections
- Economists advising on financial reform mostly hid private industry affiliations
#corroborates(0.88) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 577 - Economists opposing the bailout publicly hid their Cato Institute affiliations.
#corroborates(0.82) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 639 - Academic economists’ private financial ties predict weaker calls for regulation
#corroborates(0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 2129 - The economist career conveyor belt into finance undermined the pretense of independent expertise
#expands(0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 581 - Chicago economists deny the crisis falsified their core theories
#exemplifies(0.78) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 718 - Mainstream economics gives patrons the knowledge they pay for rather than objective truth.
#expands(0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 806 - Practitioners resisted finance theory partly because they felt academically ridiculed
#qualifies(0.72) — Donald MacKenzie, An Engine, Not a Camera, 355