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Economists in the PITS?

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  • Bruno Frey

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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 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.
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Suggested Citation

  • Bruno Frey, 2009. "Economists in the PITS?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 56(4), pages 335-346, December.
  • Handle: RePEc:spr:inrvec:v:56:y:2009:i:4:p:335-346
    DOI: 10.1007/s12232-009-0081-x
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    References listed on IDEAS

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    4. Canice Prendergast, 1999. "The Provision of Incentives in Firms," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 7-63, March.
    5. Stutzer, Alois & Frey, Bruno S., 2006. "Does marriage make people happy, or do happy people get married?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(2), pages 326-347, April.
    6. Bruno S. Frey & Reiner Eichenberger & René L. Frey, 2009. "Editorial Ruminations: Publishing Kyklos," Kyklos, Wiley Blackwell, vol. 62(2), pages 151-160, April.
    7. Edward P. Lazear, 1995. "Personnel Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121883, March.
    8. Bruno S. Frey, 1997. "Not Just for the Money," Books, Edward Elgar Publishing, number 1183.
    9. Andrew J. Oswald, 2007. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers," Economica, London School of Economics and Political Science, vol. 74(293), pages 21-31, February.
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    12. Bruno S. Frey, 2008. "Happiness: A Revolution in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262062771, March.
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    Citations

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    Cited by:

    1. Jean-Yves Lesueur, 2010. "La production scientifique des enseignants-chercheurs en économie : Quelques résultats économétriques issus du dispositif PES," Working Papers 1030, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    2. Jean-Yves Lesueur, 2010. "La production scientifique des enseignants-chercheurs en économie : Quelques résultats économétriques issus du dispositif PES," Post-Print halshs-00537859, HAL.
    3. Gérard Charreaux, 2011. "«Cité ou oublié»:les supports de la notoriété des professeurs en sciences de gestion vus à travers Google Scholar," Revue Finance Contrôle Stratégie, revues.org, vol. 14(4), pages 129-166, December.
    4. Libman, A., 2011. "German Economics: Mechanisms of Transformation," Journal of the New Economic Association, New Economic Association, issue 9, pages 129-149.
    5. Tüselmann, Heinz & Sinkovics, Rudolf R. & Pishchulov, Grigory, 2016. "Revisiting the standing of international business journals in the competitive landscape," Journal of World Business, Elsevier, vol. 51(4), pages 487-498.
    6. Sergio Da Silva, 2009. "Going parochial in the assessment of the Brazilian economics research output," Economics Bulletin, AccessEcon, vol. 29(4), pages 2832-2852.
    7. Bruno S. Frey, 2009. "A Multiplicity of Approaches to Institutional Analysis. Applications to the Government and the Arts," CREMA Working Paper Series 2009-12, Center for Research in Economics, Management and the Arts (CREMA).
    8. Ross Guest, 2009. "Seeking the elusive town and gown dialogue: the inaugural Australian Economic Forum," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 16(4), pages 107-116.
    9. Doris Fischer, 2014. "The Impact of Changing Incentives in China on International Cooperation in Social Science Research on China," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 43(2), pages 33-46.

    More about this item

    Keywords

    Academia; Economists; Publication; Journals; Incentives; Economic methodology; A1; D02; I23;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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