The Implications of Angus Deaton’s Nobel Prize for the Relative Position of Economics Journals in the ABS Ranking System

16 10 2015

A few days ago, Angus Deaton of Princeton was awarded the Nobel Prize for his research on poverty, health, and development. The Dwight D. Eisenhower Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University. This prize is clearly richly deserved, as Deaton’s books and articles contain important insights into fundamental issues. His research is overviewed here, here, here, and here. Deaton’s Google Scholar profile (53,937 citations) is here.

Deaton’s many publications include a recent piece in the Review of Austrian Economics, “On tyrannical experts and expert tyrants”. Here’s the thing. The RAE is currently ranked a mere 1 in the Association of Business School’s Journal Quality Guide, a ranking system used for assessing job applications and job performance in management schools in the UK and some other European countries. Given that a Nobel Laureate has recently published in this journal, it is likely that the ranking of the RAE will increase in the next version of the ABS journal guide.