Paul Krugman, Wiliam Baumol, Bob Tollison, and the economics of economics
A few years ago Paul Krugman argued that the economics blogosphere had become the main forum for debate and discussion of economics. It’s the instant blogs, he said, not the circuitous peer-reviewed journals, where the action is. Actually, Krugman continued, the academic journals “ceased being a means of communication a long time ago – more than 20 years ago for sure.” Instead, scholars began circulating papers in advance of publication, and serious papers started gaining discussion…
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