American Economic Association

Last updated
American Economic Association
AmericanEconomicAssociationLogo.jpg
Formation1885
Legal statusLearned society in economics
PurposeEncourage research, publication, and free discussion of economic topics [1]
Headquarters Nashville, TN, US
Region served
United States
Members
23,000
President
David Card, University of California, Berkeley
President-elect: Christina Romer, University of California, Berkeley
Main organ
Executive Committee [2]
Website www.aeaweb.org

The American Economic Association (AEA) is a learned society in the field of economics. Its aim is to stimulate high-quality economic research and debate via its own specialist journals, acknowledged in industry, business and academia. There are some 23,000 members.

Contents

History and Constitution

The AEA was established in 1885 in Saratoga, New York [3] by younger progressive economists trained in the German historical school, including Richard T. Ely, Edwin Robert Anderson Seligman and Katharine Coman, the only woman co-founder; [4] :989 since 1900 it has been under the control of academics. [5] [6]

The purposes of the Association are: 1) The encouragement of economic research, especially the historical and statistical study of the actual conditions of industrial life; 2) The issue of publications on economic subjects; 3) The encouragement of perfect freedom of economic discussion. The Association as such will take no partisan attitude, nor will it commit its members to any position on practical economic questions. The Association publishes one of the most prestigious academic journals in economics: the American Economic Review . [7] [8]

Once composed primarily of college and university teachers of economics, the Association, headquartered in Nashville, Tennessee, now attracts an increasing number of members from business and professional groups. Today the membership is about 23,000, over half of whom are academics. About 15% are employed in business and industry, and the remainder largely by federal, state, and local government or other not-for-profit organizations.

Activities

For many years, the AEA published three economics journals: the American Economic Review , the Journal of Economic Literature , and the Journal of Economic Perspectives (which is available online for free). In 2009, it began to publish four new area-specific journals, collectively called the American Economic Journal (AEJ). The four areas covered by AEJ are applied economics, economic policy, macroeconomics, and microeconomics. The AEA recognizes annually a Best Paper Award for papers published in each of the four. [9]

The AEA also publishes AEA Papers and Proceedings each May, featuring papers presented at the AEA meetings in January. Until 2017, these papers were published in the May issue of the American Economic Review. [10]

The AEA also produces EconLit , the AEA's electronic bibliography. It is a comprehensive index to peer-reviewed journal articles, books, book reviews, collective volume articles, working papers, and dissertations. Compiled and abstracted in a searchable format, EconLit indexes 125 years of economic literature from around the world. It follows the JEL classification codes of the Journal of Economic Literature.

The AEA sponsors RFE: Resources for Economists on the Internet, an online source available to the general public without subscription. It catalogs and annotates 2,000+ internet sites under some 97 sections and subsubsections. [11] RFE is currently updated on a monthly basis.

The AEA resource, Job Openings for Economists (JOE) originated in October 1974, and lists job openings for economists. It is published electronically monthly (except January and July).

AEA, in conjunction with over 50 associations in related disciplines, holds a three-day annual meeting to present papers on general economic subjects. This meeting features about 500 scholarly sessions. A placement service to assist employers and job applicants begins a day prior to the meetings. A continuing education program is held immediately after the annual meeting. Topics vary from year to year.

Each year, the AEA recognizes the lifetime research contributions of four economists by electing them Distinguished Fellows. The Association also awards annually the John Bates Clark Medal for outstanding research accomplishments in economics to a scholar under the age of 40; it is often referred to as the "Baby Nobel," as many of its recipients go on to become Nobel Laureates. [12]

Association presidents

As of 2021, the president of the association is David Card, and the president-elect is Christina Romer. [13] As of 2021, 18% of presidents have been alumni [lower-alpha 1] and 20% faculty of Harvard University. [lower-alpha 2]

Past presidents of the association include: [14]

Distinguished Fellows

Distinguished Fellow honorees include: [15]

See also

Related Research Articles

Kenneth Arrow American economist

Kenneth Joseph Arrow was an American economist, mathematician, writer, and political theorist. He was the joint winner of the Nobel Memorial Prize in Economic Sciences with John Hicks in 1972.

Council of Economic Advisers

The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical research for the White House and prepares the publicly-available annual Economic Report of the President.

The Hoover Institution, officially the Hoover Institution on War, Revolution, and Peace, is a conservative American public policy institution and research institution that promotes personal and economic liberty, free enterprise, and limited government. Located in Stanford, California, it began as a library founded in 1919 by Stanford alumnus Herbert Hoover, before he became President of the United States. The library, known as the Hoover Institution Library and Archives, houses multiple archives related to Hoover, World War I, World War II, and other world-historical events.

Jacob Viner

Jacob Viner was a Canadian economist and is considered with Frank Knight and Henry Simons to be one of the "inspiring" mentors of the early Chicago school of economics in the 1930s: he was one of the leading figures of the Chicago faculty. Paul Samuelson named Viner as one of the several "American saints in economics" born after 1860.

Omicron Delta Epsilon

Omicron Delta Epsilon is an international honor society in the field of economics, formed from the merger of Omicron Delta Gamma and Omicron Chi Epsilon, in 1963. Its board of trustees includes well-known economists such as Robert Lucas, Paul Romer, and Robert Solow. ODE is a member of the Association of College Honor Societies; the ACHS indicates that ODE inducts approximately 4,000 collegiate members each year and has more than 100,000 living lifetime members. There are approximately 700 active ODE chapters worldwide. New members consist of undergraduate and graduate students, as well as college and university faculty; the academic achievement required to obtain membership for students can be raised by individual chapters, as well as the ability to run for office or wear honors cords during graduation. It publishes an academic journal entitled The American Economist twice each year.

<i>American Economic Review</i> Academic journal

The American Economic Review is a monthly peer-reviewed academic journal published by the American Economic Association. First published in 1911, it is considered one of the most prestigious and highly distinguished journals in the field of economics. The current editor-in-chief is Esther Duflo (MIT). The journal is based in Pittsburgh.

The American Finance Association (AFA) is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the Journal of Finance, was first published in 1946.

Alvin Hansen

Alvin Harvey Hansen was an American economist who taught at the University of Minnesota and was later a chair professor of economics at Harvard University. Often referred to as "the American Keynes", he was a widely read popular author on economic issues, and an influential advisor to the government on economic policy. Hansen helped create the Council of Economic Advisors and the Social Security system. He is best remembered today for introducing Keynesian economics in the United States in the 1930s and 40s.

William Nordhaus American economist

William Dawbney Nordhaus is an American economist, a Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change, and one of the 2 recipients of the 2018 Nobel Memorial Prize in Economic Sciences. Nordhaus received the prize "for integrating climate change into long-run macroeconomic analysis".

Economic methodology is the study of methods, especially the scientific method, in relation to economics, including principles underlying economic reasoning. In contemporary English, 'methodology' may reference theoretical or systematic aspects of a method. Philosophy and economics also takes up methodology at the intersection of the two subjects.

The MIT Department of Economics is a department of the Massachusetts Institute of Technology in Cambridge, Massachusetts.

Robert Summers was an economist and professor at the University of Pennsylvania, where he taught from 1960. A widely cited early work by Summers is on the small-sample statistical properties of alternate regression estimators where analytical measures are unavailable.

The American Economic Journal is a group of four peer-reviewed academic journals published by the American Economic Association. The names of the individual journals consist of the prefix American Economic Journal with a descriptor of the field attached. The four field journals which started in 2009 are Applied Economics, Economic Policy, Macroeconomics, and Microeconomics.

The Business History Conference (BHC) is an academic organization that supports all aspects of research, writing, and teaching about business history and about the environment in which businesses operate. Founded in 1954, the BHC supports ongoing research among its members and holds conferences to bring together business and economic historians. It also publishes a quarterly academic journal, Enterprise & Society, along with selected papers from its annual meetings via BEH On-Line.

William Breit (1933–2011) was an American economist, mystery novelist, and professional comedian. Breit was born in New Orleans. He received his undergraduate and master's degrees from the University of Texas and his Ph.D from Michigan State University in 1961. He was an Assistant and Associate Professor of Economics at Louisiana State University (1961-1965) On the recommendation of Milton Friedman he was interviewed and hired at the University of Virginia where he was Associate Professor and Professor of Economics (1965-1983). He returned to his San Antonio as the E.M. Stevens Distinguished Professor of Economics at Trinity University in 1983 and retired as the Vernon F. Taylor Distinguished Professor Emeritus in 2002. He is considered an expert in the history of economic thought and anti-trust economics. He established the Nobel Laureate Lecture Series at Trinity University and is most notable as a mystery novelist where their murder mysteries are solved by applying basic economic principles.

Founded in 1922, Western Economic Association International (WEAI) is a non-profit academic society dedicated to the encouragement and dissemination of economic research and analysis. WEAI's principal activities include the publishing of two quarterly journals, Economic Inquiry and Contemporary Economic Policy, and the staging of a large Annual Conference each summer as well as smaller International Conferences. Membership includes approximately 1,800 individuals from around the world, and over 40 academic institutions, business firms, and other organizations that share WEAI's educational objectives.

The Association for Evolutionary Economics (AFEE) is an international organization of economists working in the institutionalist and evolutionary traditions of Thorstein Veblen, John R. Commons and Wesley Mitchell. It is part of the Allied Social Sciences Association (ASSA), a group of approximately 55 organizations including the American Economics Association (AEA), that holds a three-day meeting each January.

The National Economic Association (NEA) is a learned society established in 1969 focused on initiatives in the field of economics.

References

  1. https://en.wikipedia.org/w/index.php?title=Special:Search&limit=500&offset=0&ns0=1&search=incategory%3A+%22Presidents+of+the+American+Economic+Association%22+incategory%3A%22Harvard+University+alumni%22&advancedSearch-current={}
  2. https://en.wikipedia.org/w/index.php?search=incategory%3A+%22Presidents+of+the+American+Economic+Association%22+incategory%3A%22Harvard+University+faculty%22&title=Special:Search&profile=advanced&fulltext=1&advancedSearch-current=%7B%7D&ns0=1
  1. "AEA Bylaws" (PDF). Archived from the original (PDF) on 2012-10-22. Retrieved 2012-09-01.
  2. "AEA Officers" . Retrieved 2017-01-22.
  3. "History and Objectives". American Economics Association. Retrieved February 3, 2015.
  4. Vaughn, Gerald F. (2004). "Katharine Coman: America's first woman institutional economist and a champion of education for citizenship." Journal of Economic Issues 38(4): 989-1002. ISSN   0021-3624
  5. Bernstein, Michael A. (2008). "A Brief History of the American Economic Association". American Journal of Economics and Sociology. 67 (5): 1007–1023. doi:10.1111/j.1536-7150.2008.00608.x.
  6. The New Palgrave Dictionary of Economics, 2nd Edition (2008), American Economic Association (abstract).
  7. Oswald, Andrew J. (2007). "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers" (PDF). Economica. 74 (293): 21–31. doi:10.1111/j.1468-0335.2006.00575.x.
  8. Cynthia Clark Northrup, "American Economic Association," The American economy: a historical encyclopedia, Volume 2, ABC-CLIO, 2004, ISBN   1-57607-866-3, pages 9-10.
  9. "American Economic Association". www.aeaweb.org. Retrieved 9 April 2018.
  10. "About AEA Papers and Proceedings". American Economic Association. Retrieved 14 June 2020.
  11. "American Economic Association: RFE". www.aeaweb.org. Retrieved 9 April 2018.
  12. Lahart, Justin (April 22, 2010). "Handicapping Economics' 'Baby Nobel,' the Clark Medal". The Wall Street Journal.
  13. "American Economic Association Executive Committee". American Economic Association. Retrieved 14 June 2020.
  14. "Past Presidents". American Economic Association. Retrieved 14 June 2020.
  15. An AEA site listing all Distinguished Fellows and, since 2004, accompanying linked AEA statements is here. Accompanying statements for years before 2004 may be found in the following year of the American Economic Review, issue no. 3 (June), on two unnumbered front pages, also accessible electronically, as at JSTOR.