The ''Journal of Political Economy'' is a monthly peer-reviewed

academic journal An academic journal (or scholarly journal or scientific journal) is a periodical publication in which Scholarly method, scholarship relating to a particular academic discipline is published. They serve as permanent and transparent forums for the ...

published by the

University of Chicago Press The University of Chicago Press is the university press of the University of Chicago, a Private university, private research university in Chicago, Illinois. It is the largest and one of the oldest university presses in the United States. It pu ...

. Established by James Laurence Laughlin in 1892, it covers both theoretical and empirical economics. In the past, the journal published quarterly from its introduction through 1905, ten issues per volume from 1906 through 1921, and bimonthly from 1922 through 2019. The

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 editor-in-chief heads all departments of the organization and is held accoun ...

is Esteban Rossi-Hansberg (

University of Chicago The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chic ...

). It is considered one of the top five journals in economics.

JPE Micro and JPE Macro

In 2023, University of Chicago Press announced the establishment of Journal of Political Economy Microeconomics (JPE Micro) and Journal of Political Economy Macroeconomics (JPE Macro), two new journals that are vertically integrated with the Journal of Political Economy.

Abstracting and indexing

The journal is abstracted and indexed in EBSCO,

ProQuest ProQuest LLC is an Ann Arbor, Michigan, Ann Arbor, Michigan-based global information-content and technology company, founded in 1938 as University Microfilms by Eugene Power. ProQuest is known for its applications and information services for l ...

, EconLit,

Research Papers in Economics Research Papers in Economics (RePEc) is a collaborative effort of hundreds of volunteers in many countries to enhance the dissemination of research in economics. The heart of the project is a decentralized database of working papers, preprints, ...

Current Contents ''Current Contents'' is a rapid alerting service database from Clarivate, formerly the Institute for Scientific Information and Thomson Reuters. It is published online and in several different printed subject sections. History ''Current Contents ...

/Social & Behavioral Sciences, and the

Social Sciences Citation Index The Social Sciences Citation Index (SSCI) is a commercial citation index product of Clarivate Analytics. It was originally developed by the Institute for Scientific Information from the Science Citation Index. The Social Sciences Citation Index is ...

. According to the ''

Journal Citation Reports ''Journal Citation Reports'' (''JCR'') is an annual publication by Clarivate. It has been integrated with the Web of Science and is accessed from the Web of Science Core Collection. It provides information about academic journals in the natur ...

'', the journal has a 2020

impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a type of journal ranking. Journals with higher impact factor values are considered more prestigious or important within their field. The Impact Factor of a journa ...

of 9.103, ranking it 4/376 journals in the category "Economics". The journal is department-owned University of Chicago journal.

Notable papers

Among the most influential papers that appeared in the ''Journal of Political Economy'' are: * "The Economics of Exhaustible Resources", by

Harold Hotelling Harold Hotelling (; September 29, 1895 – December 26, 1973) was an American mathematical statistician and an influential economic theorist, known for Hotelling's law, Hotelling's lemma, and Hotelling's rule in economics, as well as Hotelling ...

; Vol. 39, No. 2 (1931), pp. 137–175. :: ... stated Hotelling's rule, laid foundations to non-renewable resource economics. * "The Economics of Slavery in the Ante Bellum South", by Alfred H. Conrad and John R. Meyer; Vol. 66, No. 2 (1958), pp. 95–130. :: ... first to apply econometric methods to a historic question, which triggered the development of Cliometrics. * "The Pricing of Options and Corporate Liabilities", by Fischer Black and Myron Scholes; Vol. 81, No. 3 (1973), pp. 637–654. :: ... highly influential for introducing the Black–Scholes model for option pricing. * "Are Government Bonds Net Wealth?", by Robert Barro; Vol. 82, No. 6 (1974), pp. 1095–1117. :: ... re-introduced the

Ricardian equivalence The Ricardian equivalence proposition (also known as the Ricardo–de Viti–Barro equivalence theorem) is an economic hypothesis holding that consumers are forward-looking and so internalize the government's budget constraint when making their co ...

macroeconomics Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output (econ ...

, pointing out flaws in Keynesian theory. * "Rules Rather than Discretion: The Inconsistency of Optimal Plans", by Finn E. Kydland and

Edward C. Prescott Edward Christian Prescott (December 26, 1940 – November 6, 2022) was an American economist. He received the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, Nobel Memorial Prize in Economics in 2004, sharing the award with ...

; Vol. 85, No. 3 (1977), pp. 473–492. :: ... influential new classical critique of Keynesian

macroeconomic model A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such a ...

ling. * "Endogenous Technological Change", by Paul M. Romer; Vol. 98, No. 5, (1990) pp. S71–S102. :: ... the second of two papers in which Romer laid foundations to the endogenous growth theory. * "Increasing Returns and Economic Geography", by

Paul Krugman Paul Robin Krugman ( ; born February 28, 1953) is an American New Keynesian economics, New Keynesian economist who is the Distinguished Professor of Economics at the CUNY Graduate Center, Graduate Center of the City University of New York. He ...

; Vol. 99, No. 3 (1991), pp. 483–499. :: ... revived the field of

economic geography Economic geography is the subfield of human geography that studies economic activity and factors affecting it. It can also be considered a subfield or method in economics. Economic geography takes a variety of approaches to many different topi ...

, introducing the core–periphery model.

References

External links

* {{UChicago Economics journals University of Chicago Press academic journals Political science journals Bimonthly journals English-language journals Publications established in 1892 1892 in economic history Political economy