About Us The electronic triannual Econ Journal Watch publishes Comments on articles appearing in economics journals and serves as a forum about economics research and the economics profession. EJW watches the journals for inappropriate assumptions, weak chains of argument, phony claims of relevance, and omissions of pertinent truths. Pointed, constructive criticism requires an independent forum and an accessible and timely medium. Other material including essays, reflections, investigations, and classic critiques speak to the nature and character of economics. EJW applies theories of failure—market, government, organizational—to the practices and institutions of economists. Econ Journal Watch has been selected for coverage in the following indices and databases: Thomson ISI's Social Sciences Citation Index (SSCI) and Current Contents/Social & Behavioral Sciences Amercian Economic Association's EconLit and Journal of Economic Literature Directory of Open Access Journals Research Papers in Economics (REPEC) Some of these developments are recent and may not yet be reflected in the relevant products. ISSN: 1933-527X Econ Journal Watch Foreword Editor Daniel Klein George Mason University Co-Editors Bruce L. Benson Florida State University Fred E. Foldvary Santa Clara University George Selgin University of Georgia Lawrence H. White University of Missouri-St.Louis Managing Editor Kevin D. Rollins Math Reader Warren C. Gibson, P.E. PhD, Engineering Editorial Advisor Jane S. Shaw John William Pope Center Project Directors Daniel Klein George Mason University Donald J. Boudreaux George Mason University Deirdre N. McCloskey University of Illinois, Chicago Richard L. Stroup Montana State University A project of the Atlas Economic Research Foundation EJW Advisory Council Terry Anderson, PERC, Hoover Inst. Charles W. Baird, Cal. St. Univ., Hayward Peter J. Boettke, George Mason Univ. Thomas Borcherding, Claremont Grad. Sch. James Buchanan, George Mason Univ. Ronald Coase, Univ. Chicago David Colander, Middlebury College Tyler Cowen, George Mason Univ. Thomas DiLorenzo, Loyola Coll. Bruno S. Frey, Univ. of Zurich Mason Gaffney, U. Calif., Riverside Pierre Garello, Univ. of Aix-en-Provence, Fr. Peter Gordon, Univ. of So. Cal. James D. Gwartney, Florida St. Univ. Steve H. Hanke, Johns Hopkins Univ. David Haddock, Northwestern Univ. David R. Henderson, Mont. Nav. Postgr. Sch. Robert Higgs, The Independent Review Hal Hochman, Lafayette Coll. Randall G. Holcombe, Florida St. Univ. Kevin Hoover, Duke University Israel Kirzner, New York Univ. Timur Kuran, Duke University Deepak Lal, Univ. of Cal., Los Angeles Dwight Lee, Univ. of Georgia Thomas Mayer, Univ. Calif., Davis Fred McChesney, Northwestern Univ. Roger Meiners, Univ. Texas, Arlington Philip Mirowski, U. Notre Dame Adrian Moore, Reason Pub. Policy Inst. Robert Mundell, Columbia University Robert H. Nelson, Univ. Maryland Douglass North, Washington Univ. Sam Peltzman, Univ. Chicago Martin Ricketts, Univ. Buckingham, UK Mario Rizzo, New York Univ. Colin Robinson, Univ. Surrey, UK Mauricio Rojas, Lund Univ. Paul H. Rubin, Emory Univ. David Ruccio, U. Notre Dame Thomas Saving, Texas A&M Univ. Thomas Schelling, Univ. Maryland William Shughart, Univ. of Mississippi Vernon Smith, George Mason Univ. Alex Tabarrok, George Mason Univ. Nicolaus Tideman, Virginia Tech Richard H. Timberlake, Univ. Georgia Gordon Tullock, George Mason Univ. Karen Vaughn, George Mason Univ. Richard Vedder, Ohio Univ. Richard Wagner, George Mason Univ. Walter Williams, George Mason Univ. Bruce Yandle, Clemson Univ. Leland Yeager, Auburn Univ. Stephen Ziliak, Roosevelt Univ.