The American Economic Review is a peer-reviewed academic journal of
economics. Twelve (formerly seven) issues are published annually 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
Esther Duflo (MIT). The previous editor was
Pinelopi Goldberg. The journal is based in Pittsburgh.
The May issue of the American Economic Review each year is known as
"Papers and Proceedings". Selected papers and discussions of papers
presented at the Annual Meetings of the American Economic Association
are published along with reports of officers, committees, and
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
1 Notable papers
1.1 Other notable papers
3 External links
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:
"A Theory of Production" (1928), by
Paul Douglas 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 and Merton Miller.
"A Theory of Optimum Currency Areas" (1961), by Robert Mundell.
"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.
"The Role of Monetary Policy" (1968), by Milton Friedman.
"Migration, Unemployment and Development: A Two-Sector Analysis"
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.
"Production, Information Costs, and Economic Organization" (1972), by
Armen Alchian and Harold Demsetz.
"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
"Monopolistic Competition and Optimum Product Diversity" (1977), by
Avinash Dixit and Joseph Stiglitz.
"An Almost Ideal Demand System" (1980), by
Angus Deaton and John
"On the Impossibility of Informationally Efficient Markets" (1980), by
Sanford J. Grossman and Joseph E. Stiglitz.
"Scale Economies, Product Differentiation, and the Pattern of Trade"
(1980), by Paul Krugman.
"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 Prize in Economic
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
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" (2010), by
Carmen Reinhart and Kenneth
^ Oswald, Andrew J. (2007). "An Examination of the Reliability of
Prestigious Scholarly Journals: Evidence and Implications for
Decision-Makers". Economica. 74 (293): 21–31.
^ Northrup, Cynthia Clark (2004). "American Economic Association". The
American economy: a historical encyclopedia. 2. ABC-CLIO.
pp. 9–10. ISBN 1-57607-866-3 .
^ "IDEAS/RePEc h-index for Journals". Retrieved September 11,
^ "Prestigious economics magazine calls
Pittsburgh home". Pittsburgh
Post-Gazette. April 18, 2007.
^ "AEAweb: RFE". rfe.org. Retrieved 6 April 2018.
^ 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.
American Economic Association - Journals of the Association".
Vanderbilt.edu. Retrieved November 10, 2010.
1911-1922 volumes available online at the