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Economist group sets ethics guidelines

Economist group sets ethics guidelines
Reuters – 8 hrs ago…

(Reuters) – The American Economic Association, the world’s largest association of economists, on Thursday beefed up disclosure guidelines on the potential conflicts of interest of authors who publish work in the group’s journals.

The new guidelines come a year after about 300 economists, including former White House economic adviser Christina Romer and Nobel Prize winner George Akerlof, signed a letter urging the AEA to adopt an ethics code.

The letter cited a study of 19 financial economists that found the vast majority did not reveal their private affiliations when writing academic papers on financial regulatory reform or opinion pieces in newspapers.

The AEA said its executive committee had set ethics guidelines requiring that every article submitted to AEA publications should state the sources of financial support for research, and each author should identify any interested party from whom he or she has received financial consultant fees, retainers or grants of at least $10,000 in the past three years.

This will put some folks on the street!

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