In the 2010 documentary Inside Job, exposing the corruption in the financial sector leading-up to the 2008 crash, we all could see the widespread connections between universities and Wall Street. David Robinson reminds us the serious malpractice or crime in a report published by Transparency International on Feb 25, 2013:
The film reveals that some prominent academic economists were paid by firms to speak out or write papers promoting policies of deregulation that favoured their business interests but that also fuelled increasing instability in the sector. Others received payments simply for lending their names to studies written for the financial industry – a practice known as “ghost-writing”.
Robinson’s blog post is part of a series drawing on articles from the forthcoming Global Corruption Report: Education.