The ''American Economic Review'' is a monthly peer-reviewed

academic journal An academic journal or scholarly journal is a periodical publication in which scholarship relating to a particular academic discipline is published. Academic journals serve as permanent and transparent forums for the presentation, scrutiny, and ...

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 An editor-in-chief (EIC), also known as lead editor or chief editor, is a publication's editorial leader who has final responsibility for its operations and policies. The highest-ranking editor of a publication may also be titled editor, managing ...

Esther Duflo Esther Duflo, FBA (; born 25 October 1972) is a French–American economist who is a professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). She is the co-founder and co-director of the Abd ...

, an economic professor at the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...

. The journal is based in

Pittsburgh Pittsburgh ( ) is a city in the Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the second-most populous city in Pennsylva ...

. In 2004, the ''American Economic Review'' began requiring "data and code sufficient to permit replication" of a paper's results, which is then posted on the journal's website. Exceptions are made for proprietary data. Until 2017, the May issue of the ''American Economic Review'', titled the ''Papers and Proceedings'' issue, featured the papers presented at the American Economic Association's annual meeting that January. After being selected for presentation, the papers in the ''Papers and Proceedings'' issue did not undergo a formal process of peer review. Starting in 2018, papers presented at the annual meetings have been published in a separate journal, '' AEA Papers and Proceedings'', which is released annually in May.

History

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.All volumes and issues of the ''Publications of the American Economic Association'' are freely available vi
this page
at jstor. 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.Se
this page
on jstor for a complete overview and access to all issues of ''The Economic Bulletin''. During the years 1908 to 1910 appeared the ''American Economic Association Quarterly.'' The header said "Formerly published under the titel of and the numbering continued as third series, volumes 9 to 11. For the ''American Economic Association Quarterly'' se
this page
at jstor. 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 Kenneth Joseph Arrow (23 August 1921 – 21 February 2017) 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. In economics ...

Douglas Bernheim B. Douglas Bernheim is an American professor of Economics, currently the Edward Ames Edmunds Professor of Economics at Stanford University; his previous academic appointments have included an endowed chair in Economics and Business Policy at Pr ...

, Martin Feldstein,

Daniel McFadden Daniel Little McFadden (born July 29, 1937) is an American econometrician who shared the 2000 Nobel Memorial Prize in Economic Sciences with James Heckman. McFadden's share of the prize was "for his development of theory and methods for analyzi ...

James M. Poterba James Michael "Jim" Poterba, FBA (born July 13, 1958) is an American economist, Mitsui Professor of Economics at the Massachusetts Institute of Technology, and current NBER president and chief executive officer. Early years Poterba was born in N ...

, and

Robert Solow Robert Merton Solow, GCIH (; born August 23, 1924) is an American economist whose work on the theory of economic growth culminated in the exogenous growth model named after him. He is currently Emeritus Institute Professor of Economics at the ...

, selected the following twenty articles to be the most important ones to appear in the journal: * " A Theory of Production" (1928), by

Paul Douglas Paul Howard Douglas (March 26, 1892 – September 24, 1976) was an American politician and Georgist economist. A member of the Democratic Party, he served as a U.S. Senator from Illinois for eighteen years, from 1949 to 1967. During his Senat ...

and Charles Cobb. * " The Use of Knowledge in Society" (1945), by F. A. Hayek. * " Economic Growth and Income Inequality" (1955), by Simon Kuznets. * " The Cost of Capital, Corporation Finance and the Theory of Investment" (1958), by

Franco Modigliani Franco Modigliani (18 June 1918 – 25 September 2003) was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics. He was a professor at University of Illinois at Urbana–Champaign, Carnegie Mellon Un ...

and Merton Miller. * " A Theory of Optimum Currency Areas" (1961), by

Robert Mundell Robert Alexander Mundell (October 24, 1932 – April 4, 2021) was a Canadian economist. He was a professor of economics at Columbia University and the Chinese University of Hong Kong. He received the Nobel Memorial Prize in Economic Sciences i ...

. * "Uncertainty and the Welfare Economics of Medical Care" (1963), by

. * "Capital Theory and Investment Behavior" (1963), by Dale W. Jorgenson * " National Debt in a Neoclassical Growth Model" (1965), by Peter A. Diamond. * "The Role of Monetary Policy" (1968), by

Milton Friedman Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the ...

. * "Migration, Unemployment and Development: A Two-Sector Analysis" (1970), by John R. Harris and Michael Todaro. * "Optimal Taxation and Public Production I: Production Efficiency" and "Optimal Taxation and Public Production II: Tax Rules" (1971), by Peter A. Diamond and

James Mirrlees Sir James Alexander Mirrlees (5 July 1936 – 29 August 2018) was a British economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. He was knighted in the 1997 Birthday Honours. Early life and education Born in Minnigaf ...

. * "Production, Information Costs, and Economic Organization" (1972), by Armen Alchian and

Harold Demsetz Harold Demsetz (; May 31, 1930 – January 4, 2019) was an American professor of economics at the University of California at Los Angeles (UCLA). Career Demsetz grew up on the West Side of Chicago, the grandchild of Jewish immigrants from centra ...

. * "Some International Evidence on Output-Inflation Tradeoffs" (1973), by Robert Lucas, Jr. * " The Economic Theory of Agency: The Principal’s Problem" (1973), by Stephen A. Ross. * " The Political Economy of the Rent-Seeking Society" (1974), by

Anne Osborn Krueger Anne Osborn Krueger (; born February 12, 1934) is an American economist. She was the World Bank Chief Economist from 1982 to 1986, and the first deputy managing director of the International Monetary Fund (IMF) from 2001 to 2006. She is currently ...

. * " Monopolistic Competition and Optimum Product Diversity" (1977), by

Avinash Dixit Avinash Kamalakar Dixit (born 6 August 1944) is an Indian-American economist. He is the John J. F. Sherrerd '52 University Professor of Economics Emeritus at Princeton University, and has been Distinguished Adjunct Professor of Economics at Lin ...

and Joseph Stiglitz. * " An Almost Ideal Demand System" (1980), by

Angus Deaton Sir Angus Stewart Deaton (born 19 October 1945) is a British 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

John Muellbauer John Norbert Joseph Muellbauer, FBA (born 17 July 1944) is a British applied economist who is a professor at the University of Oxford. He holds several positions at Oxford University including an ''Official Fellowship'' at Nuffield College and a ...

. * "On the Impossibility of Informationally Efficient Markets" (1980), by

Sanford J. Grossman Sanford "Sandy" Jay Grossman (born July 21, 1953) is an American economist and hedge fund manager specializing in quantitative finance. Grossman’s research has spanned the analysis of information in securities markets, corporate structure, prop ...

and Joseph E. Stiglitz. * " Scale Economies, Product Differentiation, and the Pattern of Trade" (1980), by

Paul Krugman Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was ...

. * "Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends?" (1981), by Robert J. Shiller. Thirteen of those authors have received the

Nobel Memorial Prize in Economic Sciences The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered ...

. 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.

Other notable papers

Other notable papers from the journal include: * " Colonial origins of comparative development" (2001), by Daron Acemoglu, Simon Johnson, and James A. Robinson. * "

Growth in a Time of Debt ''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. ...

" (May 2010), by

Carmen Reinhart Carmen M. Reinhart (née Castellanos, born October 7, 1955) is a Cuban-American economist and the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School. Previously, she was the Dennis Weatherstone Senior Fe ...

and

Kenneth Rogoff Kenneth Saul Rogoff (born March 22, 1953) is an American economist and chess Grandmaster. He is the Thomas D. Cabot Professor of Public Policy and professor of economics at Harvard University. Early life Rogoff grew up in Rochester, New York. ...

, published in the ''Papers and Proceedings'' issue.
"Some Unsettled Problems of Irrigation,"
by Katharine Coman. This was the first article that appeared in the journal, and was reprinted in 2011 due to its continuing significance.

Controversy

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''. The note was published under the name Nicolas Bearbaki in homage to Nicolas Bourbaki.

References

External links

*
1911-1922 volumes
available online at the

Online Books Page The Online Books Page is an index of e-text books available on the Internet. It is edited by John Mark Ockerbloom and is hosted by the library of the University of Pennsylvania. The Online Books Page lists over 2 million books and has several fea ...

{{DEFAULTSORT:American Economic Review Economics journals Publications established in 1911 English-language journals 1911 in economics Academic journals published by learned and professional societies of the United States American Economic Association academic journals Monthly journals