New Economics Journals: Supply, Demand, Risk

In a move that will probably disrupt the pecking order in social-science publishing, the American Economic Association plans to introduce four new quarterly journals in early 2009, more than doubling its in-house publishing program. The expansion has been driven by two frustrations: First, the editors of the association's flagship journal, The American Economic Review, have long been unhappy that they must reject a huge number of worthy papers. (The review's acceptance rate in 2007 was less

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