Economics publishing is dominated by a handful of journals that can play an outsize role in determining an academic economist’s career. This allows a small group of editors to control the direction of the profession, creating a hierarchical, personalistic system where knowing the right people can be as important as having good ideas and important results. These journals also tend to limit the number of articles they publish, in order to maintain their prestige, consigning lots of good research to obscurity and making the publication process drag on too long. Economics departments need to focus less on the top five journals and use more holistic methods for determining promotion and tenure.
https://finance.yahoo.com/news/seven-ways-economics-heal-itself-133026797.html
