An economics professor writing in the New York Times notes the following scandalous fact.
The American Economic Association [has no] official ethics code. Sadly, some of its members seem to be in dire need of one.
See for yourself. “Inside Job,” Charles Ferguson’s new documentary on the financial crisis, includes revealing interviews with several academic economists whose public statements appear to have been rather closely aligned with their private bank accounts.
No doubt the AEA will object that it’s a purely scholarly organization, thinking thoughts about markets all the day. Tra la.