Heterodox Economics Newsletter

Issue 167 August 04, 2014 web pdf Heterodox Economics Directory

This summer issue of the Heterodox Economics Newsletter includes many, recently published journal items. So you can pick a great variety of refreshing holiday reads out of this newsletter-issue ;-)

Additionally, I wanted to point you to a recent report of the French Association of Political Economy (FAPE/AFEP), which analyzes recent trends in economics professors' recruitment in France. It shows a remarkable decline in hirings of economists with a heterodox orientation in research and teaching - a result summarized in the paper's subtitle as "the end of pluralism". The authors find that especially bibliometric evaluation-routines contribute to the decline in heterodox hirings. This result comes as no surprise since citation metrics have, beside many other drawbacks, a significant size-bias (the more voluminous literature is automatically judged as being of higher quality). While this finding confirms some prior theoretical predictions related to institutional lock-in in economics, it also dampens the prospects of heterodox economics. These developments are the main reason why the Heterodox Economics Newsletter provides a series of journal and department rankings, which are based on some past work of Frederic S. Lee (accessible here and here), on this page here.

A counterpoint to all this is provided, again, by the students of economics. Recently, a group of econ-students based at the University of Hamburg have put together a "Pluralist Economics Reader", which aims at giving a general, yet concise and accessible introduction to heterodox and pluralist economic thought. I had a look at their final result and found they succeeded well in this admittedly difficult task.

All the Best!

Jakob

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