How Are the Mighty Fallen: Rejected Classic Articles by Leading Economists

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1 How Are the Mighty Fallen: Rejected Classic Articles by Leading Economists Joshua S. Gans; George B. Shepherd The Journal of Economic Perspectives, Vol. 8, No. 1. (Winter, 1994), pp Stable URL: The Journal of Economic Perspectives is currently published by American Economic Association. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. For more information regarding JSTOR, please contact Mon Feb 19 04:53:

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4 Joshua S. Guns and George B. Shepherd 167 Table 1 Some Rejected Papers, Listed by Place of Eventual Publication Akerlof, George, "The Market for 'Lemons': Quality, Uncertainty and the Market Mechanism," Quarterly Journal of Economics, August 1970, 84:3, Arthur, W. Brian, "Competing Technologies, Increasing Returns, and Lock-In by Historical Events," Economic Journal, March 1989, 99, Becker, Gary S., "Competition and Democracy," Journal of Law and Economics, 1958, 1, Becker, Gary S., "A Theory of the Allocation of Time," Economic Journal, September 1965, 75, Bhagwati, Jagdish, "Immiserizing Growth: A Geometrical Note," Review of Economic Studies, June 1958, 25, Black, Fisher, and Myron Scholes, "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, May/June 1973, 81 :3, Buchanan, James M., "External and Internal Public Debt," American Economic Review, December 1957, 47:6, Chichilnisky, Graciela, "Basic Goods, Commodity Transfers and the New International Economic Order," Journal of Development Economics, December 1980, 7:4, Corden, W. Max, "The Structure of a Tariff System and the Effective Protective Rate," Journal of Political Economy, June 1966, 74:3, Debreu, Gerard, "Numerical Representations of Technological Change," Metroeconomica, August 1954, 6:2, Fisher, Franklin M., Zvi Griliches, and Carl Kaysen, "The Costs of Automobile Model Changes Since 1949," Journal of Political Economy, October 1962, 70:5, Friedman, Milton, "Professor Pigou's Method for Measuring Elasticities of Demand from Budgetary Data," Quarterly Journal of Economics, November 1935, 50:1, Harrod, Roy, "The Law of Decreasing Costs," Economic Journal, December 1931, 41, Hotelling, Harold, "The Economics of Exhaustible Resources," Journal of Political Economy, April 1931, 39:2, Jonung, Lars, "Ricardo on Machinery and the Present Unemployment: An Unpublished Manuscript by Knut Wicksell," Econnomic Journal, March 1981, 91:361, Kalecki, Michal, "A Theorem on Technical Progress," Review of Economic Studies, May 1941, 7:1, Krugman, Paul R, "Increasing Returns, Monopolistic Competition, and International Trade," Journal of International Economics, November 1979, 9:4, Krugman, Paul R., "Target Zones and Exchange Rate Dynamics," Quarterly Journal of Economics, August 1991, 106:3, Lazear, Edward P., and Sherwin Rosen, "Rank-Order Tournaments as Optimal Labor Contracts," Journal of Political Economy, October 1981, 89:5, Lucas, Robert E., "Expectations and the Neutrality of Money," Journal of Economic Theory, April 1972, 4:2, May, Robert, and John Beddington, "Nonlinear Difference Equations: Stable Points, Stable Cycles, Chaos," mimeo, Princeton University, Department of Biology, May, Robert, "Simple Mathematical Models with Very Complicated Dynamics," Nature, June 10, 1976, 261, Modigliani, Franco, "Fluctuations in the Savings-Income Ratio: A Problem in Economic Forecasting," Studies of Income and Wealth, Vol. 11. York: National Bureau of Economic Research, 1949, Ohlin, Bertil, Interregional and International Trade. Cambridge: Harvard University Press, 1933, Chapters 1-3, Appendix I. Scitovsky, Tibor, "A Reconsideration of the Theory of Tariffs," Review of Economic Studies, 1942, 9:2, Sharpe, William, "Capital Asset Prices: A Theory of Equilibrium Under Conditions of Risk," Journal of Finance, 1964, 19:3, Stolper, Wolfgang, and Samuelson, Paul A., Protection and Real Wages," Review of Economic Studies, November 1941, 9, Tobin, James, "Multiple Probit Regression of Dichotomous Variables," Collected Essays of James Tobin, Vol. 2. Chicago: Markham, 1975, Chapter 43.

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