English, Article, Journal or magazine article edition: Economists in the PITS? Bruno S. Frey

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Bookmark: http://trove.nla.gov.au/version/147615
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Economists in the PITS?
Author
  • Bruno S. Frey
Physical Description
  • preprint
Notes
  • 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 for the vast majority this is impossible because there are few slots open in such journals. Such academic competition maybe useful to generate hard work, however, there may be serious negative consequences: the wrong output may be produced in an inefficient way, the wrong people may be selected, and losers may react in a harmful way. This paper suggests several ways to remedy this situation.
  • RePEc:zur:iewwpx:406
  • RePEc:ces:ceswps:_2594
  • 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.
  • Academia; economists; publication; journals; incentives; economic methodology
  • RePEc:cra:wpaper:2009-05
Language
  • English
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