Eastern Economic Journal

, Volume 39, Issue 4, pp 444–463

Understanding Academic Journal Market Failure: The Case of Austrian Economics

  • Scott A Beaulier
  • J Robert Subrick
Article

DOI: 10.1057/eej.2012.32

Cite this article as:
Beaulier, S. & Subrick, J. Eastern Econ J (2013) 39: 444. doi:10.1057/eej.2012.32

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.

Keywords

sociology of economics Austrian economics political economy 

JEL Classifications

A14 B53 P26 

Copyright information

© Eastern Economic Association 2012

Authors and Affiliations

  • Scott A Beaulier
    • 1
  • J Robert Subrick
    • 2
  1. 1.Manuel H. Johnson Center for Political Economy, Sorrell College of Business, Troy UniversityTroyUSA
  2. 2.Department of EconomicsJames Madison UniversityHarrisonburgUSA

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