Economists in the PITS?

Bruno Frey

CREMA Working Paper Series from Center for Research in Economics, Management and the Arts (CREMA)

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 (search for similar items in EconPapers)
JEL-codes: A1 D02 I23 (search for similar items in EconPapers)
Date: 2009-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28)

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Related works:
Journal Article: Economists in the PITS? (2009)
Working Paper: Economists in the PITS? (2009)
Working Paper: Economists in the PITS? (2009)
Working Paper: Economists in the PITS? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cra:wpaper:2009-05

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