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« Creative Engagement --- Bob Murphy Challenges Paul Krugman | Main | The Forty-Year Failure of American Sociology »


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A very big problem that's often overlooked with cites=impact is that it favors producers of intermediate goods over producers of final goods: you get a lot of points for producing a tool, even a relatively modest one, that lots of other paper-writers can use, whereas the return to simply revealing some previously unrecognized truth about the economy is likely to be a lot lower. The increasing emphasis on impact factors has tended for this reason to cause over-investment in higher-order goods and less and less output of the sort that might, for example, make its way into textbooks or still popular outlets.

Alas, there are no signs of an impending bust.

For "still popular" read "still more popular."

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