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View Diary: Wall of Shame: Republicans Lose Intellectual Cover for Austerity/Spending-Cut Policies (87 comments)

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  •  I understand that this is how academia works (1+ / 0-)
    Recommended by:
    aguadito

    and agree with it. But in the end if they're found to have engaged in egregious and willful misconduct, they must pay a proportionate and exemplary price for it, or else what's the point of even having academic standards?

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Wed Apr 17, 2013 at 07:41:05 AM PDT

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    •  they will suffer majorly (1+ / 0-)
      Recommended by:
      Nailbanger

      and their reputation has obviously taken a huge hit.

      but all those guys who pushed the housing bubble -- do you see any of their careers damaged? professionals in economics and finance don't always get held accountable, or even corporations for that matter. even totally failed CEO's like the Ferrino from HP goes on to have illustrious careers. A failure as a CEO just means you've at least been a CEO and that qualifies you to be all in all sorts of positions lol.

      check out the link I added in the diary from HBR that offers a little discussion about this:

      Reinhart, Rogoff, and How the Macroeconomic Sausage Is Made

      Deficits don't matter, jobs do.

      by aguadito on Wed Apr 17, 2013 at 08:06:19 AM PDT

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      •  Academia has a different set of standards (1+ / 0-)
        Recommended by:
        aguadito

        than do politics, business or finance, whose standards are set and enforced by the people at their top, whereas academia is still mostly peer-regulated. It's one of the few remaining institutions that still does this for the most part.

        "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

        by kovie on Wed Apr 17, 2013 at 08:18:44 AM PDT

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        •  very true (1+ / 0-)
          Recommended by:
          New Rule

          I just feel like  of all academic disciplines, Economics really is one of the more corrupt ones.

          It really has a deep incestuous relationship with Business and modern corporatism.

          We're talking about top academics that run off to start hedge funds and stuff.

          and HAP (in the Financial Times op-ed) call the methodological makes "defensible" -- so i dont know. i don't really think this will blow up to be too much and I think the top Harvard economists will remain tenured and gainfully employed doing research for the private industry :>

          Deficits don't matter, jobs do.

          by aguadito on Wed Apr 17, 2013 at 08:23:29 AM PDT

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          •  Probably not the only one (1+ / 0-)
            Recommended by:
            aguadito

            E.g. chemical engineering, poly sci, law, etc.

            "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

            by kovie on Wed Apr 17, 2013 at 08:49:11 AM PDT

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            •  Yeah, but speaking of academia, what does Fox (0+ / 0-)

              News have to say about it (snicker)?

              Of all the preposterous assumptions of humanity over humanity, nothing exceeds most of the criticisms made on the habits of the poor by the well-housed, well-warmed, and well-fed. --Herman Melville

              by ZedMont on Wed Apr 17, 2013 at 09:46:22 AM PDT

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