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Understanding Academic Journal Market Failure: The Case of Austrian Economics

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  • Scott A Beaulier

    (Manuel H. Johnson Center for Political Economy, Sorrell College of Business, Troy University, 137 Bibb Graves Hall, Troy, AL 36082, USA.)

  • J Robert Subrick

    (Department of Economics, James Madison University, 800 S. Main Street MSC 0204, Harrisonburg, VA 22807, USA.)

Abstract

Heterodox schools of economic thought often claim that discrimination takes place in the market for academic articles. Biases exist that prevent heterodox ideas from appearing in mainstream journals. We assess the claim in the context of Austrian economics. First, we document that the research topics pursued in Austrian journals differ significantly from mainstream journals. Austrians pursue different questions. Second, we argue that Austrian articles do not suffer from discrimination based on lack of formalism or ideology. Rather, the lack of Austrian articles in mainstream journals results from the lack of testable hypotheses in their arguments.

Suggested Citation

  • Scott A Beaulier & J Robert Subrick, 2013. "Understanding Academic Journal Market Failure: The Case of Austrian Economics," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 39(4), pages 444-463, September.
    • Handle: RePEc:pal:easeco:v:39:y:2013:i:4:p:444-463
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    Cited by:

    1. William J. Rieber, 2016. "Ludwig Von Mises’ Neoclassical Analysis of Dumping," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(4), pages 447-455, December.

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