ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Revolving Doors: Affiliations, Policy Space and Ethics

A recent study found that a significant number of academic economists had held positions in both government and international institutions. This same pattern holds for economists in developing countries. The policy space has been restricted by this revolving door between national and international roles, because it forces a homogenisation of economic perspectives. There is need for a professional code of ethics providing guidelines for disclosure, but such codes may not be sufficient to address many questions, which may be best dealt with through a professional field of ethics in economics.

Regulating the US Financial System to Avoid Another Meltdown

There is broad agreement that lax financial regulation, especially in the United States and United Kingdom, contributed in a big way to the current global financial mess. In recent months, there have been widespread calls for a regulatory overhaul of financial markets regulation. But there is little agreement on what those specific changes should be. If the power and influence of private finance is not reined in, we will return to the destructive deregulation/bailout dynamic that has characterised the last several decades. This paper lays out a nine-point plan for regulatory reform, specifically tailored to address the structural flaws in the us financial system.
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