Economists rejoiced today as a new form of services have been monetized: policy papers written by wonks at Cato and the Institute for Policy InnovationSee corrected post. The New York Times reports:

WASHINGTON, Dec. 16 - A senior scholar at the Cato Institute, the respected libertarian research organization, has resigned after revelations that he took payments from the lobbyist Jack Abramoff in exchange for writing columns favorable to his clients.

The scholar, Doug Bandow, who wrote a column for the Copley News Service in addition to serving as a Cato fellow, acknowledged to executives at the organization that he had taken money from Mr. Abramoff after he was confronted about the payments by a reporter from BusinessWeek Online.

[...]

The revelation caps a year of disclosures about partisan payments to seemingly independent writers, including Armstrong Williams, the conservative columnist and television host, who received payments from the federal Education Department at a time when he was promoting the Bush administration's education policies in his columns. The administration has been under mounting pressure to become more transparent in its communications after accounts that it paid for and printed articles in Iraqi periodicals as part of its overseas propaganda effort.

[...]

A second scholar, Peter Ferrara, of the Institute for Policy Innovation, acknowledged in the same BusinessWeek Online piece that he had also taken money from Mr. Abramoff in exchange for writing certain opinion articles. But Mr. Ferrara did not apologize for doing so. "I do that all the time," Mr. Ferrara was quoted as saying. He did not reply to an e-mail message seeking comment on Friday.