Economists in the Pits?

28 Pages Posted: 1 May 2009

Multiple version iconThere are 2 versions of this paper

Date Written: March 2009

Abstract

Academic economists today are caught in a "Publication Impossibility Theorem System" or PITS. To further their careers, they are required to publish in A-journals, but this is impossible for the vast majority because there are few slots open in such journals. Such academic competition is held to provide the right incentives for hard work, but there may be serious negative consequences: the wrong output may be produced in an inefficient way, the wrong people may be selected, and the losers may react in a harmful way. The paper suggests several ways for improvement.

Keywords: academia, economists, publication, journals, incentives, economic methodology

JEL Classification: A1, D02, I23

Suggested Citation

Frey, Bruno S., Economists in the Pits? (March 2009). CESifo Working Paper Series No. 2594. Available at SSRN: https://ssrn.com/abstract=1368653

Bruno S. Frey (Contact Author)

CREMA ( email )

Südstrasse 11
Zurich, CH 8008
Switzerland
+41 44 380 00 78 (Phone)

University of Basel ( email )

Peter Merian-Weg 6
Basel, 4002
Switzerland

Register to save articles to
your library

Register

Paper statistics

Downloads
180
rank
140,534
Abstract Views
913
PlumX Metrics
!

Under construction: SSRN citations while be offline until July when we will launch a brand new and improved citations service, check here for more details.

For more information