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Not only are the theoretical foundations of some areas of economics dubious but the profession is (particularly at the high levels) very money-driven and, in so
by javiramos 9y ago
Not only are the theoretical foundations of some areas of economics dubious but the profession is (particularly at the high levels) very money-driven and, in some cases, very morally dubious. Some professors and academics are paid hefty sums to write papers that support and influence important policies.[0]
Please watch the Inside Job for an example of how money goes around the high strata of the economics profession.
[0] https://www.propublica.org/article/these-professors-make-more-than-thousand-bucks-hour-peddling-mega-mergers https://www.propublica.org/article/these-professors-make-mor...