The American Journal of Economics and Sociology

The American Journal of Economics and Sociology publishes scholarly essays in the social sciences, with an emphasis on the intersection of sociology and economics. Also included are book reviews and profiles of historical figures.

Articles from Vol. 69, No. 5, November

Citation Metrics: Serious Drawbacks, Perverse Incentives, and Strategic Options for Heterodox Economics
Introduction Quantitative indexing and evaluation is more and more being taken for granted within the scientific community. Meanwhile, it is an established practice to evaluate researchers, departments, or proposals for research grants by relying...
Economics Performance and Institutional Economics in Poland after 1989
Introduction Institutional economics is a unique way of looking at the economy and the processes that influence its development. The uniqueness refers mostly to its difference from neoclassical economics. Starting from the mid-1990s, Poland witnessed...
Editors' Introduction
Evaluating Research and the Ruling Game of Mainstream Economics Evaluating economic research today is a contested field. This applies particularly to economics where individual careers of a whole generation of critical young economists are affected....
From Heterodoxy to Orthodoxy and Vice Versa: Economics and Social Sciences in the Division of Academic Work
The Rise of Economics and Orthodoxy and Heterodoxy (1) The article addresses some questions about the development of economics. Where is economics coming from and where is it going to, what is the domain of economics and in how far coexist different...
Heterodox Economics and the Scientist's Role in Society
Introduction The present work starts from a simple question: Why should a state pay the salary for an academic researcher in economics? As futile as it might seem, this question raises some important points that need to be discussed carefully. Generally...
Increasing the Impact of Heterodox Work: Insights from RoSE
Introduction Recent work by Fred Lee and others shows that research "impact" is hard to measure, and that widely used methods of quantifying impact tend to give heterodox journals the short end of the stick. (1) Yet it is also true that, qualitatively,...
Pluralism at Risk? Heterodox Economic Approaches and the Evaluation of Economic Research in Italy
Introduction This article aims at presenting the recent experience of Italy's first research assessment exercise (VTR, valutazione triennale della ricerca) as an internationally relevant example in highlighting a neglected aspect of the evaluation...
Ranking Economics Departments in a Contested Discipline: A Bibliometric Approach to Quality Equality between Theoretically Distinct Subdisciplines
Introduction Quality ranking of economic journals and departments is a widespread practice in the United States, Europe, Australia, and elsewhere. The methods used are peer review, bibliometric (1) measures, or (in a few cases) an ill-defined combination...
Research Evaluation Down Under: An Outsider's View from the Inside of the Australian Approach
Introduction Australia is conducting its first national evaluation of university research. It has been a rocky start. Preparations began in earnest in 2005 with the establishment of an administrative group within the Commonwealth (national government)...
Research Quality Rankings of Heterodox Economic Journals in a Contested Discipline
The bibliometric (1) literature frequently addresses the issue of discipline ranking of journals. This is because the widely used impact factor approach to ranking journals does not necessarily capture the impact a journal has on its discipline since...
The Diffusion of Heterodox Economics
The Diffusion of Heterodox Economics The eruption of the latest in a long series of global financial crises underlines the stark contrast between the "normal science" of orthodox economics and the accumulating inconsistencies that, in Thomas Kuhn's...
The Economists of Tomorrow: The Case for Assertive Pluralism in Economics Education
Introduction This article is a proposal to change the way economists are educated by applying the principle of "assertive pluralism" to the definition and concept of economics. This will equip the public to recognize bad economics, which I define...