Trouble At The Fed: Investigation Into Lisa Cook’s Academic Record Raises Questions (OH OH!)

[Valin]

The Daily Wire

Luke Rosiak and Christopher F. Rufo
Apr 10, 2024

Lisa D. Cook is one of the world’s most powerful economists. She taught economics at Harvard University and Michigan State University and served on the Obama administration’s Council of Economic Advisers before being appointed, in 2022, to the Federal Reserve Board of Governors, which controls the interest rates and money supply of the United States.

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The quality of her scholarship has also received criticism. Her most heralded work, 2014’s “Violence and Economic Activity: Evidence from African American Patents, 1870 to 1940,” examined the number of patents by black inventors in the past, concluding that the number plummeted in 1900 because of lynchings and discrimination. Other researchers soon discovered that the reason for the sudden drop in 1900 was that one of the databases Cook relied on stopped collecting data in that year. The true number of black patents, one subsequent study found, might be as much as 70 times greater than Cook’s figure, effectively debunking the study’s premise.

Cook also seems to have consistently inflated her own credentials. In 2022, investigative journalist Christopher Brunet pointed out that, despite billing herself as a macroeconomist, Cook had never published a peer-reviewed macroeconomics article and had misrepresented her publication history in her CV, claiming that she had published an article in the journal American Economic Review. In truth, the article was published in American Economic Review Papers and Proceedings, a less prestigious, non-peer-reviewed magazine.

An exclusive City Journal and Daily Wire investigation reveals additional facts that cast new doubt on Cook’s seriousness as a scholar.

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In a 2021 paper titled “The Antebellum Roots of Distinctively Black Names,” Cook copied-and-pasted verbatim language from Charles Calomiris and Jonathan Pritchett, without using quotation marks when describing their findings, as required. Here is the original passage from Calomiris and Pritchett:

During this time, New Orleans was the largest city in the South and the site of its largest slave market. Unlike states with a common law tradition, Louisiana treated slaves like real estate, and slave sales had to be recorded and notarized in order to establish title (Louisiana 1806, section 10). Today, the records of many of these slave sales may be found in the New Orleans Notarial Archives and the New Orleans Conveyance Office. Because of the availability of these records and the size of the market, New Orleans is the best source for data on slave sales within the United States.

Here is Cook’s paper, which, though it cites Calomiris and Pritchett, lifts their language verbatim, which we have marked in italics, substituting only the word “slaves” with the politically correct phrase “the enslaved”:

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Cook is no stranger to mobilizing such punishments against others. In 2020, she participated in the attempted defenestration of esteemed University of Chicago economist Harald Uhlig for the crime of publicly opposing the “defund the police” movement. She called for Uhlig’s removal from the classroom, claiming that he had made an insensitive remark about Martin Luther King, Jr. (The university closed its own inquiry after concluding that there was “not a basis” to investigate further.) Uhlig, in a 2022 op-ed for the Wall Street Journal, asked the pertinent question: Under the leadership of an ideologue such as Lisa Cook, would the Fed continue to pursue its mandate, or succumb to left-wing activism?

Time will tell if the gears of justice turn against Lisa Cook, or if repeated academic misconduct, defended by some as mere sloppiness or isolated mistakes, is fast becoming an acceptable part of the academic order—as long as the alleged author of that behavior is favored by the powerful.