Volume 3, Number 1, January 2006
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Comments Do Economists Reach a Conclusion? Intellectual Tyranny of the Status Quo
Economics in Practice Character Issues Correspondence

In This Issue:

Welcome to the January 2006 issue of Econ Journal Watch. EJW is a triannual peer-reviewed journal for scholarly commentary on academic economics.

Our articles are organized into thematic Sections. Each Section can be accessed by clicking on the links running across the top of the page: Comments, Do Economists Reach a Conclusion? etc. Each Section contains articles in Adobe pdf format, which can be viewed individually. Or, click on the link at the bottom of this page to download and print the entire document as a single pdf file (211 pp).

Table of Contents with links to articles (pdf)

Comments: Miscounting Money of Colonial America: Ronald W. Michener and Robert E. Wright argue that Farley Grubb, writing in Explorations in Economic History, has mistaken the unit of account for the medium of exchange and grossly misestimated the money supply of colonial America. Farley Grubb responds vigorously to them, and not for the first time.

The Intellectual Tyranny of the Status Quo: Previously, Richard Timberlake criticized the “golden fetters” interpretation of the Great Contraction, and argued that the failing stemmed, rather, from the Fed’s adherence to the Real Bills Doctrine. While endorsing Timberlake’s vindication of the gold standard, Per Hortlund argues that Timberlake and others misfire with respect to the Real Bills Doctrine.

Also in the previous issue, Kurt Schuler’s Argentina article indicted more than 90 economists for mistakes in understanding and description—among them, David Altig and Brad Setser, who here criticize Schuler’s charges. Schuler responds.

Do Economists Reach a Conclusion on pressing policy issues? Adrian T. Moore and Ted Balaker exam the case of taxi policy.

Economics in Practice: William J. Baumol explains why modern textbook theory is entrepreneurless.

Character Issues: In 1981, as the Thatcher government got its legs, 364 economists signed a letter protesting the direction of monetary and fiscal policy in Britain. Geoffrey Wood examines how well the letter has stood up.

Does the American Economic Association lean Democratic? William A. McEachern investigates the 2004-election cycle campaign contributions of AEA members, committee members, officers, editors, referees, authors, and acknowledgees.

Daniel Klein explores Gunnar Myrdal’s plea for disclosure of one’s ideological sensibilities, surveys the research into the ideological character of the AEA, and reports new findings on AEA membership rates by voter category.

Correspondence: E. Roy Weintraub remarks on History of Political Economy’s being dropped from the Social Science Citation Index. How can a journal show high SSCI citation productivity when the cluster of journals that cite it are excluded from SSCI?

Note: With this issue, we shift to a schedule of publishing in January, May, and September.

Editor's Report

Download and Print Entire January 2006 Issue (211 pages, 3.9 MB)

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