Thursday, April 18, 2013

Follow the Money

One really weird cultural thing in economics academia is the firm belief that all academic economists are completely ethical. This is despite the fact that economists assume people act out of self-interest. Provide incentives, and...


...adding, I think one of my PhD advisers, who has since passed away, was an exception to this. He thought (rightly!) that everyone is corrupt. Degrees of corruption, sure, but we all have our price...