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Journal of Economic Perspectives: Vol. 13 No. 2 (Spring 1999)

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Going for the Gold: Economists as Expert Witnesses

Article Citation

Mandel, Michael J. 1999. "Going for the Gold: Economists as Expert Witnesses." Journal of Economic Perspectives, 13(2): 113-120.

DOI: 10.1257/jep.13.2.113

Abstract

The use of economists as expert witnesses and consultants has grown dramatically in recent years, driven by such factors as the explosion of mergers and acquisitions. On the plus side, the expert witness boom will likely lead to better regulatory and legal decisions, while infusing real-world examples into classroom teaching. Yet the growing importance of consulting income could divert time and energy away from academic research and teaching, while impeding intellectual debate. A new standard of behavior for academic economists who serve as expert witnesses and consultants may be needed, including full disclosure of clients.

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Authors

Mandel, Michael J. (Business Week)

JEL Classifications

A11: Role of Economics; Role of Economists
K40: Legal Procedure, the Legal System, and Illegal Behavior: General

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