An Open Letter to the Editors of the JPE

6 Pages Posted: 1 Nov 2017

See all articles by Stan J. Liebowitz

Stan J. Liebowitz

University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics

Date Written: September 27, 2017

Abstract

This is a lengthy appeal to the editors of the JPE to either “retract” or announce an “expression of concern” for an influential article they published in 2007 which contains numerous important errors, several of which are beyond dispute. It is true that economic journals have not, to my knowledge, retracted papers or announced expressions of concern, but articles in the hard sciences and in biological research have begun to do so with increasing frequency, as even a cursory examination of the website “retractionwatch.com” makes clear. Other sites, such as PubPeer allow users to comment on published papers, and criticisms on this source are often the genesis of later retractions. There is nothing like this in economics, but given the poor record of economic articles standing up to replications (see the line of research beginning with Dewald, Thursby, and Anderson in 1986) it would appear that economics is ripe for a close examination of published works. The site “replicationnetwork.com” is a step in the right direction, but having editors of economics journals receptive to the idea of retractions and expressions of concern would move economics into the mainstream of academic research.

Keywords: replication retraction piracy fraud

JEL Classification: A10, A20, B40, K00, L00, O34

Suggested Citation

Liebowitz, Stan J., An Open Letter to the Editors of the JPE (September 27, 2017). Available at SSRN: https://ssrn.com/abstract=3061584

Stan J. Liebowitz (Contact Author)

University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics ( email )

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HOME PAGE: http://www.utdallas.edu/~liebowit/

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