We present the results of a survey among the members of the German Economic Association (Verein für Socialpolitik) concerning the relevance and reputation of economic journals. Our results show that internationally oriented, English journals are rated as most relevant. German journals, however, receive a higher rating of relevance when compared to citation‐based methods. Moreover, while older economists favor policy‐oriented journals, younger economists largely prefer technically oriented ones. Internationally oriented journals also dominate the ranking of journals based on their reputation, whereas German journals fare rather poorly. While research‐oriented journals are perceived as more renowned than applied journals, we only find slight differences in the ratings across different age groups. Compared to our survey from the year 2000, all journals are rated as more relevant but less renowned. German journals are among the biggest losers, with an average loss of 30 ranks in the ranking of relevance and 16 ranks in the ranking of reputation.