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Reviewing the reviewers, with cross-disciplinary insights. Who would have thought that Economics is somewhat like History? :-). Thanks to Daniel for the link!
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The Prisoner’s Dilemma in practice or ‘Who’s got the Golden Balls‘? :-). Greg Mankiw already decided to use it for his econ classes :-).
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The Economic Journal announces two interesting changes in terms of its submission/refereeing process, aiming at speeding up and raising the bar in the peer review process: i) Referees will not be individually paid anylonger, but the 10 best referees every year will each get a 500 pound prize. ii) In terms of submission process, submission of editorial letters and previous referee reports at other journals is encouraged. Read the whole letter. I think that whether i) works in speeding and improving the refereeing process is really an empirical quest, but ii) should be clearly adopted formally also by other journals.
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Definitely a necessary debate within the structural vs. reduced-model economics context. I think/hope that this was just the warming up stage :-). Some extremely interesting contributions so far, all from top names in the Econ field: i) Marschak’s Maxim nowadays; ii) Instruments of Development; iii) Better LATE than nothing. Not entirely on the same frequence, but somewhat of a prelude–third bullet point and earlier links therein.
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Bill Easterly’s secret to succesful aid.
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We know quite a bit about the bad ones by now, e.g. from everyday’s news… So time to hear more about the good pirates. (There should be of course no question about the best pirates ).
