American Economic Review

Last updated


The American Economic Association was founded in 1885. From 1856 until 1907 the Association published the Publications of the American Economic Association. The first volume was published 1886 (March) - 1887 (January), in 6 issues. The 2nd volume in 1887-1888 and so on until 1896 (vol. 11). In that same year an issue with 'General Contents and Index of Volumes I to XI appeared. Most of the volumes contained only one text, like for instance volume 4, issue 2 (April 1889) that contained an article by Sidney Webb, entitled Socialism in England.

In December 1897 a new series started, with only two issues.

In 1900 the third series started, until 1908, with four issues yearly. [10]

The next three years the Association published what was called The Economic Bulletin. It also appeared in four issues yearly. Every issue of this Bulletin contained a section "Personal and Miscellaneous Notes" and a number of book reviews. [11]

During the years 1908 to 1910 appeared the American Economic Association Quarterly. The header said "Formerly published under the titel of Publications of the American Economic Association and the numbering continued as third series, volumes 9 to 11. [12]

In March 1911 the first issue of The American Economic Review saw the light.

Notable papers

In 2011 a "Top 20 Committee," consisting of Kenneth Arrow, Douglas Bernheim, Martin Feldstein, Daniel McFadden, James M. Poterba, and Robert Solow, selected the following twenty articles to be the most important ones to appear in the journal: [13]

Thirteen of those authors have received the Nobel Memorial Prize in Economic Sciences.

The journal can be accessed online via JSTOR. In both 2006 and 2007, it was the most widely viewed journal of all the 775 journals in JSTOR. [14]

Other notable papers

Other notable papers from the journal include:


In 2016, an anonymous group of economists collaboratively wrote a note alleging academic misconduct by the authors and editor of a paper published in the American Economic Review. [15] [16] The note was published under the name Nicolas Bearbaki in homage to Nicolas Bourbaki. [17]

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.

Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions, and it considers how money, for example fiat currency, can gain acceptance purely because of its convenience as a public good. The discipline has historically prefigured, and remains integrally linked to, macroeconomics. This branch also examines the effects of monetary systems, including regulation of money and associated financial institutions and international aspects.

Law and economics or economic analysis of law is the application of economic theory to the analysis of law that began mostly with scholars from the Chicago school of economics. Economic concepts are used to explain the effects of laws, to assess which legal rules are economically efficient, and to predict which legal rules will be promulgated. There are two major branches of law and economics. The first branch is based on the application of the methods and theories of neoclassical economics to the positive and normative analysis of the law. The second branch focuses on an institutional analysis of law and legal institutions, with a broader focus on economic, political, and social outcomes. This second branch of law and economics thus overlaps more with work on political institutions and governance institutions more generally.

William Baumol American economist

William Jack Baumol was an American economist. He was a professor of economics at New York University, Academic Director of the Berkley Center for Entrepreneurship and Innovation, and Professor Emeritus at Princeton University. He was a prolific author of more than eighty books and several hundred journal articles.

Fritz Machlup

Fritz Machlup was an Austrian-American economist who was president of the International Economic Association from 1971–1974. He was one of the first economists to examine knowledge as an economic resource, and is credited with popularizing the concept of the information society.

Angus Deaton British microeconomist

Sir Angus Stewart Deaton is a British-American economist and academic. Deaton is currently a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Princeton School of Public and International Affairs and the Economics Department at Princeton University. His research focuses primarily on poverty, inequality, health, wellbeing, and economic development.

American Economic Association

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.

David Cass American economist

David Cass was a professor of economics at the University of Pennsylvania, mostly known for his contributions to general equilibrium theory. His most famous work was on the Ramsey–Cass–Koopmans model of economic growth.

Lionel Wilfred McKenzie was an American economist. He was the Wilson Professor Emeritus of Economics at the University of Rochester. He was born in Montezuma, Georgia. He completed undergraduate studies at Duke University in 1939 and subsequently moved to Oxford that year as a Rhodes Scholar. McKenzie worked with the Cowles Commission while it was in Chicago and served as an assistant professor at Duke from 1948–1957. Having received his Ph.D. at Princeton University in 1956, McKenzie moved to Rochester where he was responsible for the establishment of the graduate program in economics.

In economics and game theory, global games are games of incomplete information where players receive possibly-correlated signals of the underlying state of the world. Global games were originally defined by Carlsson and van Damme (1993).

The Review of Economic Studies is a quarterly peer-reviewed academic journal covering economics. It was established in 1933 by a group of economists based in Britain and the United States. The original editorial team consisted of Abba P. Lerner, Paul Sweezy, and Ursula Kathleen Hicks. It is published by Oxford University Press. The journal is widely considered one of the top 5 journals in economics. It is managed by the editorial board currently chaired by Nicola Fuchs-Schündeln. The current joint managing editors are Thomas Chaney, Andrea Galeotti, Nicola Gennaioli, Veronica Guerrieri, Kurt Mitman, Francesca Molinari, Uta Schöenberg, and Adam Szeidl. According to the Journal Citation Reports, the journal has a 2018 impact factor of 4.767.

Christian Hellwig is a German economic theorist and macroeconomist who did research in the field of global games. He is the editor of the Journal of Economic Theory.

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.

Growth in a Time of Debt, also known by its authors' names as Reinhart–Rogoff, is an economics paper by American economists Carmen Reinhart and Kenneth Rogoff published in a non peer-reviewed issue of the American Economic Review in 2010. Politicians, commentators, and activists widely cited the paper in political debates over the effectiveness of austerity in fiscal policy for debt-burdened economies. The paper argues that when "gross external debt reaches 60 percent of GDP", a country's annual growth declined by two percent, and "for levels of external debt in excess of 90 percent" GDP growth was "roughly cut in half." Appearing in the aftermath of the financial crisis of 2007–2008, the evidence for the 90%-debt threshold hypothesis provided support for pro-austerity policies.

Tayfun Sönmez is a Turkish-American professor of economics at Boston College. He is a Fellow of the Econometric Society and the 2008 winner of the Social Choice and Welfare Prize, which honors scholars under the age of 40 for excellent accomplishment in the area of social choice theory and welfare economics. Sönmez has made significant contributions in the areas of microeconomic theory, mechanism/market design, and game theory. His work has been featured by the U.S. National Science Foundation for its practical relevance.

Optimal capital income taxation is a subarea of optimal tax theory which studies the design of taxes on capital income such that a given economic criterion like utility is optimized.

In economic theory, the field of contract theory can be subdivided in the theory of complete contracts and the theory of incomplete contracts.

Yuliy Sannikov is a Ukrainian economist known for his contributions to mathematical economics, game theory, and corporate finance. He is an economics professor at the Stanford Graduate School of Business, and won both the 2015 Fischer Black Prize and 2016 John Bates Clark Medal.

Raquel Fernández is an economist and currently the Julius Silver, Roslyn S. Silver and Enid Silver Winslow Professor of Economics at New York University. She is also a fellow of the Econometric Society.

Yeon-Koo Che is a Korean American economist. He is the Kelvin J. Lancaster Professor of Economic Theory at Columbia University, a position he held since 2009. Prior to joining Columbia in 2005, he was a professor at University of Wisconsin-Madison.


  1. 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..
  2. Northrup, Cynthia Clark (2004). "American Economic Association". The American economy: a historical encyclopedia. 2. ABC-CLIO. pp. 9–10. ISBN   1-57607-866-3..
  3. "Prestigious economics magazine calls Pittsburgh home". Pittsburgh Post-Gazette. April 18, 2007.
  4. "AEAweb: RFE". Retrieved 6 April 2018.
  5. "Foreword". American Economic Review. American Economic Association. 107 (5): xi. 2017-05-01. doi:10.1257/aer.107.5.xi. ISSN   0002-8282.
  6. "Editors' Introduction". American Economic Review. American Economic Association. 107 (5): xii. 2017-05-01. doi:10.1257/aer.107.5.xii. ISSN   0002-8282.
  7. McKenzie, David (11 June 2018). "Writing a Papers and Proceedings Paper". Development Impact. World Bank . Retrieved 14 June 2020.
  8. 1 2 Wile, Rob (18 April 2013). "JOURNAL EDITOR: The Famous Reinhart-Rogoff Debt Paper Did Not Go Through The Normal Refereeing Process". Business Insider . Retrieved 14 June 2020.
  9. "About AEA Papers and Proceedings". American Economic Association. Retrieved 14 June 2020.
  10. All volumes and issues of the Publications of the American Economic Association are freely available via this page at jstor.
  11. See this page on jstor for a complete overview and access to all issues of The Economic Bulletin.
  12. For the American Economic Association Quarterly see this page at jstor.
  13. Arrow, K. J.; Bernheim, B. Douglas; et al. (2011). "100 Years of the American Economic Review: The Top 20 Articles". American Economic Review. 101 (1): 1–8. doi: 10.1257/aer.101.1.1 .
  14. "American Economic Association - Journals of the Association". Retrieved November 10, 2010.
  15. Nicolas, Bearbaki (June 4, 2016). "A Comment on "Family Ruptures, Stress, and the Mental Health of the Next Generation"" . Retrieved February 1, 2021.
  16. "Economists go wild over overlooked citations in preprint on prenatal stress". Retraction Watch. May 26, 2016. Retrieved February 1, 2021.
  17. Andrew, Gelman (September 23, 2016). "Andrew Gelman is not the plagiarism police because there is no such thing as the plagiarism police" . Retrieved February 1, 2021.