I’m not sure I’m allowed to paste the entire text, but you should definitely read it!
I know it’s 5 years old, but I still think this description of academia deserves a wider audience.
In this chapter, Binswanger (a critic of the current scientific process) explains how artificially staged competitions affect science and how they result in nonsense. An economist himself, Binswanger provides examples from his field and shows how impact factors and publication pressure reduce the quality of scientific publications. Some might know his work and arguments from his book ‘Sinnlose Wettbewerbe’.
Binswanger, Mathias. 2014. ‘Excellence by Nonsense: The Competition for Publications in Modern Science’. In Opening Science: The Evolving Guide on How the Internet Is Changing Research, Collaboration and Scholarly Publishing, edited by Sönke Bartling and Sascha Friesike, 49–72. New York: Springer. https://doi.org/10.1007/978-3-319-00026-8_3. [open access]