The Economic Journal

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The Economic Journal

description Scientific journal
Area of ​​Expertise Finance
language English
publishing company Wiley-Blackwell
First edition 1891
Frequency of publication 8 times a year
Editor-in-chief Martin Cripps , Andrea Galeotti , Rachel Griffith , Morten Ravn , Kjell G. Salvanes , Frederic Vermeulen , Hans-Joachim Voth
editor Royal Economic Society
Web link journals.elsevier.com
Article archive sciencedirect.com
ISSN 0013-0133

The Economic Journal is an economic , peer-reviewed journal published on behalf of the Royal Economic Society by Wiley-Blackwell . The Economic Journal is one of the oldest and most respected academic economics journals and is published eight times a year.

The joint managing editors this year (2015) are the economists Martin Cripps , Andrea Galeotti , Rachel Griffith , Morten Ravn , Kjell G. Salvanes , Frederic Vermeulen and Hans-Joachim Voth . They are supported by a production editor ( David G. Mayes ) and 15–20 associate editors .

history

Founding history

In 1887, Herbert Somerton Foxwell, a professor at University College London , announced in the Quarterly Journal of Economics that an "economic journal" would be published in Britain , run by a new "economic society". This announcement formalized a project that had been discussed among leading economists for some time: the dissemination of economic research through the publication of a professional journal. However, this project could only be implemented after another four years and culminated in the first edition of the Economic Journal , published in March 1891.

Between 1886 and 1890 there had been many discussions between respected British economists about the creation of an economics journal. Sir Robert Inglis Palgrave, editor of The Economist , originally proposed the establishment of a company that would specialize in the publication of translations and copies of the few economics papers. Foxwell, on the other hand, planned a more ambitious undertaking, namely the creation of a quarterly magazine on a par with publications such as the Quarterly Journal of Economics or the French Journal des Economistes . This type of publication, he argued, would allow British economists to "fraternize" with their counterparts in the American Economic Association .

Palgrave, Foxwell and Professor Alfred Marshall of Cambridge University first investigated the possibility of establishing such a publication within the Royal Statistical Society . However, after discussions with society, they came to the conclusion that a new organization needed to be created to pursue their goals accordingly. This decision was also supported by the economist and philosopher John Neville Keynes .

The founding members decided that an economic society should be established that would be open to anyone with an interest in economics , regardless of whether they were politicians, civil servants, scholars or the uneducated. This tolerant attitude should also be reflected in the politics of the journal, which publishes independently works from all areas of economics.

An academic journal that would publish a thematically broad literature of articles and reviews required an impartial and educated editor. Letters between Foxwell and Palgrave dated circa 1888 indicate the pair's hope that Keynes would edit the Economic Journal , but he was unable to do so. Foxwell himself admitted that without Keynes, choosing a publisher would be difficult.

It was not until 1890 that Francis Ysidro Edgeworth was made the first editor of the Economic Journal . Edgeworth held a chair at King's College London in 1888 and was appointed Drummond Professor of Political Economy at Oxford University in 1891 . Despite his academic achievements, Edgeworth later admitted that establishing the new journal had been difficult.

Three years after Foxwell's announcement, in November 1891, plans for an economic society and an associated publication were finalized and the British Economic Association (which later became the Royal Economic Society in 1902) was established at University College London . The association's central goal was to publish a quarterly economic journal, the Economic Journal . In a circular sent before the founding meeting, Marshall pointed out the significant impact the Journal would have on British economics. Around 200 people attended Marshall's speech, a sign of both the growing interest in economics in England and the consensus that there was a need for such a society and publication to adequately represent economics in Britain. In response to this early support, the Society wasted no time in meeting its publication goals. The Economic Journal was published shortly after the Association was founded in March 1891.

The first edition of the Economic Journal set out the Society's goals and objectives for the dissemination of economic works. To this end, the journal would publish economic articles from all economic schools of thought in order to promote and advance the academic debate. Thanks to Edgeworth's efforts to publish as independently as possible, this project was reflected in the fact that the first issues of the Economic Journal had an extraordinary breadth of opinions. These included socialist , individualistic and Ruskinian viewpoints.

Editors of the Economic Journal

The Economic Journal benefited from a conscientious and mostly long-term editorial staff, which included many well-known economists. Edgeworth remained editor until 1911, but from 1896 to 1905 he was assisted in the execution of his duties by Henry Higgs, one of the founding members of the British Economic Association. Edgeworth would later resume his role as editor from 1918 to 1925 at the side of John Maynard Keynes .

John Maynard Keynes served as editor of the Economic Journal from 1912 to 1944 and ensured the uninterrupted publication of the journal during both World War I and World War II . In addition to Edgeworth he supported him from 1925 to 1933 as co-editor DH MacGregor, a former student of Marshall and professor of political economy at the University of Leeds , and from 1934 to 1940 Austin Robinson, one of his own former students, as deputy editor.

Sir Austin Robinson's editing began in 1934 as assistant editor and ended in 1970 as editor-in-chief. During the 36 years that he served the Economic Journal , Robinson also served as the company's general secretary. In memory of his work for the Economic Journal , the latter awards a prize in his honor for the best article by a recently graduated person.

The journal's first female editor-in-chief was Phyllis Deane, an economist and economic historian. Deane joined the editorial team in 1968 and served as an editor alongside other economists such as Austin Robinson and later WB Reddaway for seven years. She was also President of the Royal Economic Society from 1980 to 1982.

Edgeworth and Keynes were the only editors who were temporarily responsible for editing the Economic Journal . As the magazine grew in size and importance, so did the editorial team. In the 1980s, the number of annual editions of the Economic Journal increased from four to five, in 1991 to six, and finally to eight in 1999. Today, a group of seven Managing Editors oversees the submission and evaluation of around 900 articles per year.

reception

In a study by Kalaitzidakis et al. (2003) ranked 18th out of 159 publications evaluated by the Economic Journal , but could not be found in an updated study by Kalaitzidakis et al. (2011) to 10th place out of 209 compared publications. In the economics publication ranking of the Tinbergen Institute at the University of Amsterdam , the Economic Journal is listed in category A (“very good general economic journals and top journals in the respective subject”). Another study by the French economists Pierre-Phillippe Combes and Laurent Linnemer ranks the journal in the second best category, AA, with 12th place among economics journals.

The Impact Factor of the Economic Journal in 2012 was 2.118. In the statistics of the Social Sciences Citation Index , the journal was listed 38th out of 333 journals in the economics category.

swell

  • AW Coats: The Origins and Early Development of the Royal Economic Society . In: The Economic Journal . Volume 68, No. 310, 1968, pp. 349-371.
  • FY Edgeworth: The British Economic Association . In: The Economic Journal . Volume 1, No. 1, 1891, pp. 1-14.

See also

Individual evidence

  1. ↑ a b Editorial Information. Retrieved September 23, 2015 .
  2. ^ AW Coats: The Origins and Early Development of the Royal Economic Society . In: The Economic Journal . Volume 68, No. 310, 1968, p. 349.
  3. ^ Coats 1968, p. 350.
  4. ^ Coats 1968, pp. 351-352.
  5. ^ Coats 1868, p. 353.
  6. ^ Coats 1968, p. 353.
  7. ^ Coats 1968, p. 362.
  8. ^ FY Edgeworth: The British Economic Association . In: The Economic Journal . Volume 1, No. 1, 1891, p. 2.
  9. ↑ Edgeworth 1891, p. 2.
  10. ↑ Edgeworth 1891, p. 3.
  11. ↑ Edgeworth 1891, p. 1.
  12. ^ Coats 1968, p. 362.
  13. ↑ Pantelis Kalaitzidakis, Theofanis P. Mamuneas and Thanasis Stengos: Rankings of Academic Journals and Institutions in Economics (PDF; 177 kB). In: Journal of the European Economic Association . Volume 1, No. 6, 2003, pp. 1346-1366.
  14. ↑ Pantelis Kalaitzidakis, Theofanis P. Mamuneas and Thanasis Stengos: An updated ranking of academic journals in economics (PDF; 337 kB). In: Canadian Journal of Economics . Volume 44, No. 4, 2011, pp. 1525-1538.
  15. ↑ Magazine ranking of the Tinbergen Institute (English) ( Memento from February 8, 2012 in the Internet Archive )
  16. ↑ Combes, Pierre-Philippe and Laurent Linnemer, Inferring Missing Citations: A Quantitative Multi-Criteria Ranking of all Journals in Economics . In: GREQAM Document de Travail . No. 2010-28 , 2010, pp. 26-30 (English).
  17. ^ ISI Web of Knowledge, Journal Citation Reports, Social Sciences Edition, 2013.

Web links