Adelaide has made a significant contribution to Australian economics. Since 1966, the University of Adelaide and Flinders University have been the partners behind the journal Australian Economic Papers (AEP). It has been an adventurous undertaking sometimes disconcerted by financial vulnerability, which at times, threatened its very existence. After outlining the journal's history, this paper undertakes a forensic examination of the AEP, and provides a comparison with its most obvious competitor, The Economic Record (ER). Despite its bold ambitions, we find that the AEP is now Australia's second‐ranking generalist economics journal and suffering the fate of being of that genre.