Monday, November 08, 2010

Let's not get ahead of ourselves here!

The title of an academic paper: “Financial Economists, Financial Interests and Dark Corners of the Meltdown: It’s Time to set Ethical Standards for the Economics Profession”

Yes, after almost 250 years since Adam Smith's "Wealth of Nations" and 140 years since "Das Kapital", it might just be time to set some ethical standards for economics. Or maybe that might have been a century ago, it's so hard to tell.