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New issue of Econ Journal Watch
Find it here, I have yet to read this one but recommended as always. Here is blogger John Quiggin saying "who cares what you think?", the perennial question for us all.
Posted by Tyler Cowen on September 10, 2007 at 03:07 PM in Economics | Permalink
Comments
Sounds like a typical high school exchange. The next reply should read "obviously you care enough to write me an email". Then Quiggin would reply "well obviously my article was relevant enough for you to read". And then he said, and he replied and so on and so forth until mother picks them up in an SUV.
Posted by: Allen at Sep 10, 2007 9:44:44 PM
Is the Econjournalwatch site down?
Posted by: Sinclair Davidson at Sep 10, 2007 9:58:44 PM
Hilary Hoynes is *extremely* kind in her response to what is quite clearly and article that never should have been published. Those in charge of the editorial process at EJW should be pretty red-faced at publishing something that leaves out the income effect as well as key papers in the literature. Yikes!
Jeff
Posted by: Jeff Smith at Sep 10, 2007 10:34:20 PM
Dear Jeff Smith:
Thank you for your interest in my article in Econ Journal Watch.
In a different part of my paper than the one Dr. Hoynes quotes I mention the income effect. "Of course it is also possible to observe what appears to be a disincentive throughout the income scale due to the simple fact that the subjective marginal benefit from each additional dollar of income declines as income rises." Noting the effect, I do proceed on the assumption that the income effect is not that significant to families in the EITC regions. That assmption still seems reasonable to me. I was surprised to see Professor Hoynes make a big point of it.
Also, I do not believe that leaving out a paper or two that Dr. Hoynes considers important detracts from my points about the papers I do address.
I look forward to responding to Dr. Hoynes more fully in the next issue.
Paul Trampe
Posted by: Paul Trampe at Sep 11, 2007 3:29:09 PM
Dear Jeff Smith:
As editor of EJW, I'd like to take this opportunity to say to whoever might be reading:
I believe that an editorial policy that gives leeway to substantial scholarly criticism and rebuttal yields social benefits.
We at EJW don't want to publish just any criticism, but our editorial posture is not that of endorsing whatever criticism appears.
JS Mill said that inviting, hearing, and publicly answering criticism is a good way to test our confidence in ideas.
Commented-on authors are always invited to reply, and with full assurance that their reply will appear exactly as they wish it to be. Also, they are always given the opportunity to have the last word.
Posted by: Daniel Klein at Sep 11, 2007 3:58:03 PM
Few (no?) methods of measuing are flawless. The fact that Quiggin's piece may have been a "misread" by Klein and Romero does not of course invalidate the Klein and Romero point. If it could be shown that a large share of the pieces K&R looked at were also misreads that would be another matter. But no one is making that claim. Ergo ...
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