Fulbright chronicle #1

“Dear Dr. Péter Galbács,

Congratulations! On behalf of the Fulbright Board of Directors in Hungary, I am pleased to inform you that you have been selected for a Fulbright Research Award for 4 months during the 2018-2019 academic year in the United States. We hope there will not be any obstructions in executing your grant. We will be pleased to welcome you among our Fulbright grantees and truly believe that your time in the United States will prove to be a successful and productive experience.”

I cannot tell you how happy and proud I am. From time to time I stop for a minute to tell myself that it feels as if it was a dream that has come true. But then I realize it IS a dream that has come true. The planning process has just started. There are a lot of details to consider since an important part of my project is to do extended library research at Duke and Chicago libraries. I am excited, admittedly.

Soon I will try to tell you more about both the process and my project, but today I would like to take pride in my award and to be simply happy.

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Season’s greetings

I wish all my students, colleagues and fellow researchers a merry christmas and a happy new year. Let the grace of our Lord Jesus Christ be with us all on this holy day.

… and don’t forget. Christmas spirit is not what you drink.


The true story of a fake paper

Time and again I tell my students about how science works. This is a twofold task, since in order to cover all the aspects of modern science we need to detail both the fuctions and the malfunctions of science. I am a fan of science and economics, thus I want to make young scholars and professionals of the future more cognizant of the dark side of science. Doing so, I may help them to avoid serious mistakes and the best way of raising the standards is to show negative examples. I believe in a realiable science. What is more, as part of the International Peer Review Week every year I do my best to shed some light on the vital role peer reviewers play in modern science. One of my favourite examples is the famous ‘Get me off your f***ing mailing list‘ paper by David Mazières and Eddie Kohler, but the other day I realized I cannot tell the whole story. There are some details that may be interesting of which I know almost nothing. In this short blog post I will try to fill some lacunas of my knowledge about this funny example of modern science.

The paper is from 2005. This is the year when two scholars decided to write a paper to emphasize the negative aspects of science. There is a problematic model in international scientific publication in which publishers of dubious value make efforts to produce journal articles and books with no scholarly value. Whilst such publising houses try to appear to be reliable, internationally acknowledged institutions with well-founded reputation, they are only realizers of an unfortunatly wide circle of predatory publishing policy. In this policy, scientific value is not a concern. Here everything is about money: any paper can be published if the author is willing to pay for it. Such publishers promise researchers an exceptionally quick review phase and after publication an extraordinary wide range of future readers and a large number of citations. However, the published papers are rarely worth attention, so actually these papers are not likely to have any readers at all. Predatory journals follow a rather annoying editorial policy. I remember, some days after the EIPE 20 conference this year I was also contacted by a journal only to be asked to become a member of the editorial board. To my surprise, the editorial board was full of real people, real scientist who were not careful enough to keep away from a predatory journal. They are used by the predatory publishers to hide the true nature of their policy. These publishers tend to send spam e-mails to their targets, this is the reason why Mazières and Kohler were upset enough to write the paper that consists of the repeated sentence ‘Get me off your f***ing mailing list’.

Actually, Mazières and Kohler’s paper was prepared for the 9th World Multiconference on Systemics, Cybernetics and Informatics to protest against the low stadards of acceptance expressed by the organizers of the conference. In fact Mazières and Kohler are excellent scientists. David Mazières is a professor of Computer Science at Stanford University. He received a BS in Computer Science from Harvard in 1994 and a Ph.D. in Electrical Engineering and Computer Science from MIT in 2000. Eddie Kohler is the Microsoft Professor of Computer Science at Harvard at the moment. He received a BS (1995) and then a MS (1997) and a Ph.D. (2001) in Electrical Engineering and Computer Science, MIT.

In 2014, the story of the paper continued. That year Peter Vamplew (Federation University, Australia) after receiving some spams from the International Journal of Advanced Computer Technology submitted the paper to the editors. He must have been surprised by the fact that the paper was sent to reviewers and rated as an excellent paper worth publishing. Moreover, the journal was really ready to publish the paper in exchange for a 150 USD fee. Of course, Vamplew refused to pay.



Michel De Vroey at Budapest Business School – A short summary

On 5-6th October Michel De Vroey visited Budapest Business School to give two lectures on the evolution of modern macroeconomics. Michel is a well-known historian of modern macroeconomics with a special interest in the theories of the business cycle; professor emeritus of the Catholic University of Leuven and a visiting scholar at a lot of prominent universities including the Sorbonne of Paris and Duke University of Durham, NC. He is the author of some widely read and acknowledged books written both in English and in French and a series of important papers.

Prof. De Vroey has earned the admiration of the professionals in the field of the history of economics by his enormous knowledge, by his outstanding ability to reorganize some well-known facts in strikingly new ways and by his courage to trigger new debates in which we can reopen some old questions in order to move towards a new consensus. His thought-provoking ideas pave the way for a more in-depth understanding of the history of our discipline. He is one of the few who have already realized that the history of economics can hardly be discussed without exploring the methodology of economics. In his recent book, The history of macroeconomics from Keynes to Lucas and beyond, the history of modern macro becomes an exciting story of revolutions along the way to a unified big picture of seemingly conflicting ideas. As I had the privilige of being his host during his staying, we could have discussions about a lot of exciting topics and I found myself in the delightful position of getting to know him personally while sipping coffee. He is a great arguer with firm and solid views on his field of interest… an experienced researcher with thorough insights on the socialisation conditions of theoretical economics and the history of economics as a discipline… and a powerful master of making science.

His Budapest lectures were grandiose assessments of the methodological and theoretical transitions of modern business-cycle theories during the 20th century. In his ‘Mainstream economics: Its rise and transformation’ speech (based on his recent working paper The rise of a mainstream in economics co-authored by Luca Pensieroso) Prof. De Vroey discussed and evaluated the process through which mainstream economics has emerged as a methodological standard. This assessment seems to be a novel approach to the mainstream–non-mainstream relationship, so the Hungarian audience deeply interested in institutional economics found the lecture highly stimulating.

Michel’s second lecture was focussed on his recent book mentioned above. Here Michel discussed the Keynes-Lucas and the Lucas-RBC transitions. The audience were guided through the dynamic evolution of modern macro starting with Lucas’ early years (an applied economist) and the Lucas-Rapping papers, through the emergence of neo-Walrasian macroeconomics and the new standards for a ‘good’ theoretical research to the outburst of Kydland and Prescott. The lecture was closed by an intense debate. I hope Hungarian professionals found the lectures as thought-provoking as I did.




A winter holiday




Ghymes live


Faces and places