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Well, that situation would, I feel, fully justify my title.
There are some honest PhDs in economics -I would bet my life that my brother is one. They joined a field that purports to follow scientific processes.

Now, I know that the views here are somewhat cynical towards that field. And I fully include myself in that. But this was not necessarily written with an ET reader in mind. If I just claim that the WSJ is corrupt, I'll be preaching to the choir -those who don't believe it will instantly stop listening.

So my angle of attack was not the conclusion, not even the person (well, not only the person), but the process. And my bitterness that something that I had to teach in introduction classes can be entirely overlooked by a per-review in the field.
And knowing that I am a far, far better economist than this overpaid guy, but currently unemployed while he's raking in millions, sort of rubs it in deeper, of course.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Sat Mar 9th, 2013 at 03:41:18 PM EST
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There are a great many honest and competent people in economics. The natural habitat for honest, competent professionals is the second-tier journal.

In economics, they get published in third-tier journals and then tacitly ignored by everyone Important. Because the Important People publish mainly in the top-tier journals (whereas in a field like physics, even the Very, Very Important people don't regularly publish in top-tier journals - this definitely helps build recognition and credibility for the second tier, which I would argue is more important anyway).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Mar 9th, 2013 at 04:46:42 PM EST
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