Columbia Professors Face New Disclosure Rules

Bloomberg Businessweek reports:

Prodded by Inside Job, the Oscar-winning documentary that exposed ties between financial firms and academia, Columbia University is tightening disclosure rules for faculty who advise Wall Street and other industries. Members of the Faculty of Arts & Sciences will have to post their outside professional activities online and inform deans about their time commitments outside the university, says Michael H. Riordan, chairman of the economics department. The new rules may go into effect as early as October. The university’s law and business schools adopted similar guidelines in April and May.

No word from statist economist Jeffrey Sachs on this one.