New network technologies are framed as eliminating ‘transaction costs’, a notion first developed in economic theory that now drives the design of market systems. However, the actual promise of the elimination of transaction costs seems unfeasible, because of a cyclical pattern in which network technologies that make that promise create processes of institutionalization that create new forms transaction costs. Nonetheless, the promises legitimize the exemption of innovations of network technologies from critical scrutiny.

We present a taxonomy of errors in the scientific literature and an account of how the errors are distributed over the categories. We have developed the taxonomy by studying substantial errors in the scientific literature as described in retraction notices published in the journal Science over the past 35 years. We then examine how the sorts of errors that lead to retracted papers can be prevented and detected, considering the perspective of collaborating scientists, journal editors and referees, and readers of (...) the published articles. (shrink)