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Economists in the PITS?


Frey, Bruno S (2009). Economists in the PITS? International Review of Economics, 56(4):335-346.

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.

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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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:December 2009
Deposited On:25 Jan 2010 15:39
Last Modified:06 Dec 2017 23:42
Publisher:Springer
ISSN:1863-4613
Additional Information:The original publication is available at www.springerlink.com
Publisher DOI:https://doi.org/10.1007/s12232-009-0081-x

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