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Although the validity of knowledge is critical to scientific progress, substantial concerns exist regarding the governance of knowledge production. While research errors are as relevant to the knowledge economy as defects are to the manufacturing economy, mechanisms to identify and signal “defective” or false knowledge are poorly understood. In this paper, we investigate one such institution – the system of scientific retractions. We analyze the universe of peer-reviewed scientific articles retracted from the biomedical literature between 1972–2006 and comparing with a matched control sample in order to identify the correlates, timing, and causal impact of scientific retractions. This effort provides insight into the workings of a distributed, peer-based system for the governance of validity in scientific knowledge. Our findings suggest that attention is a key predictor of retraction – retracted articles arise most frequently …