The ''Journal of Political Economy'' 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

University of Chicago Press The University of Chicago Press is the largest and one of the oldest university presses in the United States. It is operated by the University of Chicago and publishes a wide variety of academic titles, including ''The Chicago Manual of Style'', ...

. Established by

James Laurence Laughlin James Laurence Laughlin (April 2, 1850 – November 28, 1933) was an American economist and Professor at Cornell University, Harvard University, and the University of Chicago, who helped to found the Federal Reserve System and was "one of the ...

in 1892, it covers both

theoretical A theory is a rational type of abstract thinking about a phenomenon, or the results of such thinking. The process of contemplative and rational thinking is often associated with such processes as observational study or research. Theories may be ...

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 highest-ranking editor of a publication may also be titled editor, managing ...

is Magne Mogstad (

University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private university, private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park, Chicago, Hyde Park neighborhood. The University of Chic ...

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

Abstracting and indexing

The journal is abstracted and indexed in

EBSCO EBSCO Industries is an American company founded in 1944 by Elton Bryson Stephens Sr. and headquartered in Birmingham, Alabama. The ''EBSCO'' acronym is based on ''Elton Bryson Stephens Company''. EBSCO Industries is a diverse company of over 4 ...

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

EconLit EconLit is an academic literature abstracting database service published by the American Economic Association. The service focuses on literature in the field of economics. EconLit covers articles and other materials dating back to 1969. It use ...

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 Analytics, formerly the Institute for Scientific Information and Thomson Reuters. It is published online and in several different printed subject sections. History ''Cur ...

/Social & Behavioral Sciences, and the Social Sciences Citation Index. According to the ''

Journal Citation Reports ''Journal Citation Reports'' (''JCR'') is an annual publicationby Clarivate Analytics (previously the intellectual property of Thomson Reuters). It has been integrated with the Web of Science and is accessed from the Web of Science-Core Collec ...

'', the journal has a 2020

impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a scientometric index calculated by Clarivate that reflects the yearly mean number of citations of articles published in the last two years in a given journal, as ...

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; Vol. 39, No. 2 (1931), pp. 137–175. :: ... stated

Hotelling's rule Hotelling's rule defines the net price path as a function of time while maximizing economic rent in the time of fully extracting a non-renewable natural resource. The maximum rent is also known as Hotelling rent or scarcity rent and is the maximu ...

, laid foundations to non-renewable resource economics. * "The Economics of Slavery in the Ante Bellum South", by Alfred H. Conrad and

John R. Meyer John Robert Meyer (December 6, 1927 – October 20, 2009) was an American economist and educator. Meyer is credited with creating the field of transport economics and was one of the pioneers of cliometrics. Career Born in Pasco, Meyer atte ...

; Vol. 66, No. 2 (1958), pp. 95–130. :: ... first to apply econometric methods to a historic question, which triggered the development of

Cliometrics Cliometrics (, also ), sometimes called new economic history or econometric history, is the systematic application of economic theory, econometric techniques, and other formal or mathematical methods to the study of history (especially social and e ...

. * "The Pricing of Options and Corporate Liabilities", by

Fischer Black Fischer Sheffey Black (January 11, 1938 – August 30, 1995) was an American economist, best known as one of the authors of the Black–Scholes equation. Background Fischer Sheffey Black was born on January 11, 1938. He graduated from Harvard ...

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 Robert Joseph Barro (born September 28, 1944) is an American macroeconomist and the Paul M. Warburg Professor of Economics at Harvard University. Barro is considered one of the founders of new classical macroeconomics, along with Robert Lucas, J ...

; 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 ...

to macroeconomics, pointing out flaws in

Keynesian theory Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output an ...

. * "Rules Rather than Discretion: The Inconsistency of Optimal Plans", by

Finn E. Kydland Finn Erling Kydland (born 1 December 1943) is a Norwegian economist known for his contributions to business cycle theory. He is the Henley Professor of Economics at the University of California, Santa Barbara. He also holds the Richard P. Simmons ...

and

Edward C. Prescott Edward Christian Prescott (December 26, 1940 – November 6, 2022) was an American economist. He received the Nobel Memorial Prize in Economics in 2004, sharing the award with Finn E. Kydland, "for their contributions to dynamic macroeconomics: ...

; Vol. 85, No. 3 (1977), pp. 473–492. :: ... influential

new classical New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical framework. Specifically, it emphasizes the importance of rigorous foundat ...

critique of

Keynesian Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output an ...

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 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 ...

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

economic geography Economic geography is the subfield of human geography which studies economic activity and factors affecting them. It can also be considered a subfield or method in economics. There are four branches of economic geography. There is, primary secto ...

, 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 economics Political economy