by Jos茅 Alejandro Coronado and
There is growing concern about the increasing emphasis on journal rankings in academia. This is of special consequence in economics: given theoretical and methodological cleavages, heterodox outlets tend to be marginalised in traditional ranking systems.
Despite this, journal rankings are used and may indeed be useful. , we explored how to build a ranking that appropriately reflects the reputation of heterodox economics journals amongst heterodox economists (Coronado and Veneziani, 2025).
We are not the first ones to build rankings for heterodox economics journals. Fred Lee and others (e.g., Lee et al., 2010; Cronin, 2020) developed heterodox economics journal rankings based on subjective peer evaluations combined with bibliometric indicators. These composite “quality” indices had the objective of measuring research quality in the heterodox economics community.
In contrast, we measure reputation and intellectual influence within the heterodox economics community by focusing exclusively on bibliometric indicators. Thus, we capture the views of the heterodox economics community through their citation choices.
To build our ranking we require, first, a tool to rank journals based on bibliometric data. We adopt the Palacios-Huerta and Volij (2004) (PV) index 鈥� a theoretically-founded measure of intellectual influence within citation networks. Unlike simple citation counts or impact factors, the PV index accounts for both the quantity and the prestige of citations received, capturing the recursive structure of intellectual influence.
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