Inside the Crystal ball of finance: Understanding financial economists' attitudes to market and society
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Market economists are thought to wield tremendous power - not only over financial markets but over governments that stray from the market way. Still, there is mystery about what economists think, and how they form their judgments. This article reports results from a survey of over 50 financial market economists from leading financial institutions in Australia conducted in December 2003 and January 2004. It provides insight into the opinions of economists who impact on markets and policy, especially through media commentary. The article identifies their economic and social views, comparing them with the Australian public. We then examine how professional views of economists differ from their personal views. Differences in professional and private views - especially over the role of government and labor markets - are an opportunity to ponder how judgments are formed and used. We offer tentative answers to the question: do these professionals - highly paid for their opinions - occasionally self-censor?
|Keywords||No keywords specified (fix it)|
No categories specified
(categorize this paper)
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library||
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Appa Rao Korukonda & Chenchu Ramaiah T. Bathala (2004). Ethics, Equity, and Social Justice in the New Economic Order: Using Financial Information for Keeping Social Score. Journal of Business Ethics 54 (1):1-15.
K. S. Shrader-Frechette (2002). Risky Business: Nuclear Workers, Ethics, and the Market-Efficiency Argument. Ethics and the Environment 7 (1):1-23.
Bertrand Venard & Mohamed Hanafi (2008). Organizational Isomorphism and Corruption in Financial Institutions: Empirical Research in Emerging Countries. [REVIEW] Journal of Business Ethics 81 (2):481 - 498.
Annette Rid, Lucas Bachmann, Vincent Wettstein & Nikola Biller-Andorno (2009). Would You Sell a Kidney in a Regulated Kidney Market? Results of an Exploratory Study. Journal of Medical Ethics 35 (9):558-564.
John McManus (1992). Serving the Public and Serving the Market: A Conflict of Interest? Journal of Mass Media Ethics 7 (4):196 – 208.
Barry Eichengreen (2000). The Crisis of (Confidence in) Global Capitalism. Critical Review 14 (1):69-85.
Mark Skousen (2008). Econopower: How a New Generation of Economists is Transforming the World. Wiley.
Daniel M. Hausman (1998). The Faults of Formalism and the Magic of Markets. Critical Review 12 (1-2):127-138.
Added to index2009-01-28
Total downloads3 ( #290,560 of 1,098,992 )
Recent downloads (6 months)1 ( #287,293 of 1,098,992 )
How can I increase my downloads?