The vacancy left by Walter Lippincott, who plans to retire from his post as director of Princeton University Press, will be filled by Peter J. Dougherty, a PUP economics editor, according to an official press release. Doughtery, who is known as the editor of Robert J. Shiller‘s bestseller Irrational Exuberance, is a 13-year PUP veteran; Doughtery is also the author of Who’s Afraid of Adam Smith? (published not by PUP but John Wiley & Sons). Lippincott has previously outlined Princeton’s plans to scale back its trade titles and strengthen its publishing of professional titles in business and economics.