ABSTRACT
In a recent issue of the Journal of Economic Perspectives, two Stanford graduate students, Joshua Gans and George Shepherd (1993), wrote about the diir ideas published in the mainstream professional journals. They focused on papers containing unfamiliar ideas that have yet no resonance for the profession trapped in “conventional wisdom.”fficulties that eminent economists had in getting their ideas published in the mainstream professional journals. They focused on papers containing unfamiliar ideas that have yet no resonance for the profession trapped in “conventional wisdom.” But they ignore the difficulty that sometimes attends publishing papers that challenge an orthodoxy that is newly established, no matter how penetrating and persuasive the critique is, simply because the challenge is seen as emanating from the “old and obsolete school.”
