Here the intellectual prejudices of reviewers can play an important part in whether or not a paper gets accepted and therefore what happens to your prospects in the profession.
I have always been amazed at how the economics profession has adopted a criterion for selection of teachers. This system places massive power in the hands of a few editors of journals.
They make the difference between selection and rejection because the selection committees prefer quantity over quality. And quality can quite often lie in the eyes of the beholder.
However, what is sauce for the goose is not sauce for the gander. In 2007, Glenn Ellison, an economist at MIT had documented a strange trends. (Is Peer Review in Decline? NBER Working Paper No. 13272, July 2007).