There May Be Good Reasons For Taking Laura Tyson To Task

The assertions by Michael J. Mandel on the supposed shabby treatment of Laura Tyson by the economics profession warrants further research ("Laura Tyson's public mugging: Economists should be ashamed," Economics, Feb. 1).The fundamental criticism levied against Tyson is not her belief in managed trade. Rather, it is her lack of refereed research in high-quality economics journals that concerns many in the profession. A quick review of her research output on a computerized data base indicates no publications in top economics journals such as the American Economic Review. As for her views on international trade, they have not been accepted by the profession because there is little empirical evidence to back them up.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.