Less is certainly not more for the American Economic Association. According to David Warsh's latest column, Broader, Deeper, they have adopted plans to produce four more economic journals, all titled - prosaically enough - American Economic Journal. They will cover macroeconomics, microeconomics, economic policy and applied economics.
..four new journals will appear, about two years from now. Their titles have only just been announced (pending a copyright check). The plan is to call each the American Economic Journal: the subtitle to follow the colon. It's clear that the formulators hope the new "aggregate field journals" will render old boundaries more porous, and cause new distinctions to evolve.
Princeton University economist Alan Krueger designed the survey that buttressed the conviction that the AEA's membership wants a broader palette on which to paint; Stanford's Robert Hall chaired the committee that planned the new entries. Vanderbilt's John Siegfried, secretary-treasurer of the AEA, said that the current plan is to make all four of the new journals available to members electronically for no increase in their dues, and to make all four journals available in print to libraries for a modest increase in subscription prices per journal when each is published (probably in the $75-$100 range for each new journal). Individuals will have the option also to purchase print copies for a modest price.
Still to be assembled are mission statements and committees to choose editors for the new journals. Only when the editors are finally chosen will the real work begin -- dealing with the continually shifting boundaries of what is considered to be new and interesting economics.
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