Skip to main content

The criminal responsibilities of … economists?

In case you have missed it, a few months ago it was widely reported in the media that half a dozen Italian seismologists were convicted for manslaughter after being accused of not being able to predict (and giving false assurances prior to) the earthquake that struck L’Aquila and led to the death of 300 people. Reactions varied greatly: from the Royal Society and US National Academy issuing brief statements and simply condemning the decision of the Italian court, to individuals claiming we are moving back to “the medieval ages” and “the Spanish Inquisition model” to harshly worded articles claiming that scientists need to be held accountable : “those who claim the title “scientist”, be it natural or social, expect to combine the immunity of diplomats and the infallibility of popes.”

By now you are probably wondering what does any of this have to do with a finance-related blog and when will the economists mentioned in the title show up. Besides, unlike seismology or meteorology, finance and economics are hardly the scientific fields that can be connected to catastrophic events that may lead to the loss of human lives.

Or are they?

You can continue reading the article in full on the ICMA Centre's blog.

Published 4 February 2013

You might also like

ICMA Centre appoints new head

6 September 2018
Dr Carol Padgett, has been appointed Head of the ICMA Centre from 1st October 2018. Her predecessor Professor Adrian Bell has taken on the University role of Research Dean for Prosperity and Resilience.

Congratulations to the winners of the Chancellor’s Award 2013!

7 November 2013
Many congratulations to four of our ICMA Centre undergraduates who will be honoured at this year's annual celebration hosted by the Chancellor, Sir John Madejski and Vice-Chancellor, Sir David Bell.

Professor John Board appointed as the new Dean of Henley Business School

14 July 2010
Henley Business School this week announced that Professor John Board will become its new Dean from 1 October 2010.