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American Economic Association

December 07, 2023

The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals.[3] There are some 23,000 members.

American Economic Association
Formation1885
Legal statusLearned society in economics
PurposeEncourage research, publication, and free discussion of economic topics[1]
HeadquartersNashville, TN, US
Region served
United States
Members
23,000
President
Christina Romer, University of California, Berkeley
President-elect: Susan Athey, Stanford Graduate School of Business
Main organ
Executive Committee[2]
Websitewww.aeaweb.org

History and Constitution edit

The AEA was established in 1885 in Saratoga Springs, New York[4] by younger progressive economists trained in the German historical school, including Richard T. Ely, Edwin Robert Anderson Seligman and Katharine Coman, the only woman co-founder;[5]: 989  since 1900 it has been under the control of academics.[6][7]

The purposes of the Association are: 1) The encouragement of economic research, especially the historical and statistical study of the actual conditions of industrial life; 2) The issue of publications on economic subjects; 3) The encouragement of perfect freedom of economic discussion. The Association as such will take no partisan attitude, nor will it commit its members to any position on practical economic questions. The Association publishes one of the most prestigious academic journals in economics, namely, the American Economic Review.[8][9]

Once composed primarily of college and university teachers of economics, the Association, headquartered in Nashville, Tennessee, now attracts an increasing number of members from business and professional groups. Today the membership is about 23,000, over half of whom are academics. About 15% are employed in business and industry, and the remainder largely by federal, state, and local government or other not-for-profit organizations.

As an organization, the AEA has been very hierarchical, as the leadership has been dominated by academics from six academic institutions: Harvard, MIT, Chicago, Columbia, Stanford, and Princeton.[3]

Activities edit

AEA, in conjunction with over 50 associations in related disciplines known as the Allied Social Science Associations, holds a three-day annual meeting in January to present papers on general economic subjects.[10][11] The annual meeting features about 500 scholarly sessions. A placement service to assist employers and job applicants begins a day prior to the meetings. A continuing education program is held immediately after the annual meeting. Topics vary from year to year.

The AEA publishes three economics journals: the American Economic Review, the Journal of Economic Literature, and the Journal of Economic Perspectives. In 2009, it began to publish four new area-specific journals, collectively American Economic Journal (AEJ), reporting on applied economics, economic policy, macroeconomics, and microeconomics. The AEA recognizes annually a Best Paper Award for papers published in each of the four areas.[12]

The AEA also publishes AEA Papers and Proceedings each May, featuring papers presented at the AEA meetings in January. Until 2017, these papers were published in the May issue of the American Economic Review.[13]

The AEA also produces EconLit, the AEA's electronic bibliography. It is a comprehensive index to peer-reviewed journal articles, books, book reviews, collective volume articles, working papers, and dissertations. Compiled and abstracted in a searchable format, EconLit indexes 125 years of economic literature from around the world. It follows the JEL classification codes of the Journal of Economic Literature.

The AEA sponsors RFE: Resources for Economists on the Internet, an online source available to the general public without subscription. It catalogs and annotates 2,000+ internet sites under some 97 sections and subsubsections.[14] RFE is currently updated on a monthly basis.

The AEA resource, Job Openings for Economists (JOE) originated in October 1974, and lists job openings for economists. It is published electronically monthly (except January and July).

Each year, the AEA recognizes the lifetime research contributions of four economists by electing them Distinguished Fellows. The Association also awards annually the John Bates Clark Medal for outstanding research accomplishments in economics to a scholar under the age of 40; it is often referred to as the "Baby Nobel", as many of its recipients go on to become Nobel Laureates.[15]

Association presidents edit

As of 2023, the president of the association is Susan Athey, and the president-elect is Janet Currie.[16] As of 2021, 18% of presidents have been alumni[citation needed] and 20% faculty of Harvard University.[citation needed]

Past presidents of the association include:[17]

Distinguished Fellows edit

Distinguished Fellow honorees include:[18]

See also edit

References edit

  1. ^ (PDF). Archived from the original (PDF) on October 22, 2012. Retrieved September 1, 2012.
  2. ^ "AEA Officers". Retrieved January 22, 2017.
  3. ^ a b Hoover, Kevin D.; Svorenčík, Andrej (2023). "Who Runs the AEA?". Journal of Economic Literature. 61 (3): 1127–1171. doi:10.1257/jel.20221667. ISSN 0022-0515.
  4. ^ "History and Objectives". American Economics Association. Retrieved February 3, 2015.
  5. ^ Vaughn, Gerald F. (2004). "Katharine Coman: America's first woman institutional economist and a champion of education for citizenship." Journal of Economic Issues 38(4): 989-1002. ISSN 0021-3624
  6. ^ Bernstein, Michael A. (2008). "A Brief History of the American Economic Association". American Journal of Economics and Sociology. 67 (5): 1007–1023. doi:10.1111/j.1536-7150.2008.00608.x.
  7. ^ The New Palgrave Dictionary of Economics, 2nd Edition (2008), American Economic Association (abstract).
  8. ^ 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. S2CID 2688339.
  9. ^ Cynthia Clark Northrup, "American Economic Association," The American economy: a historical encyclopedia, Volume 2, ABC-CLIO, 2004, ISBN 1-57607-866-3, pages 9-10.
  10. ^ Siegfried, John J. (2008). "History of the Meetings of the Allied Social Science Associations since World War II". The American Journal of Economics and Sociology. 67 (5): 973–984. doi:10.1111/j.1536-7150.2008.00606.x. ISSN 0002-9246. JSTOR 27739749.
  11. ^ American Economic Association, About the AEA Annual Meeting, accessed 27 February 2023
  12. ^ "American Economic Association". www.aeaweb.org. Retrieved April 9, 2018.
  13. ^ "About AEA Papers and Proceedings". American Economic Association. Retrieved June 14, 2020.
  14. ^ "American Economic Association: RFE". www.aeaweb.org. Retrieved April 9, 2018.
  15. ^ Lahart, Justin (April 22, 2010). "Handicapping Economics' 'Baby Nobel,' the Clark Medal". The Wall Street Journal.
  16. ^ "American Economic Association Executive Committee". American Economic Association. Retrieved June 14, 2020.
  17. ^ "Past Presidents". American Economic Association. Retrieved June 14, 2020.
  18. ^ An AEA site listing all Distinguished Fellows and, since 2004, accompanying linked AEA statements is here. Accompanying statements for years before 2004 may be found in the following year of the American Economic Review, issue no. 3 (June), on two unnumbered front pages, also accessible electronically, as at JSTOR.

External links edit

  • Official website

December 07, 2023
american, economic, association, this, article, contains, wording, that, promotes, subject, subjective, manner, without, imparting, real, information, please, remove, replace, such, wording, instead, making, proclamations, about, subject, importance, facts, at. This article contains wording that promotes the subject in a subjective manner without imparting real information Please remove or replace such wording and instead of making proclamations about a subject s importance use facts and attribution to demonstrate that importance January 2022 Learn how and when to remove this template message The American Economic Association AEA is a learned society in the field of economics It publishes several peer reviewed journals 3 There are some 23 000 members American Economic AssociationFormation1885Legal statusLearned society in economicsPurposeEncourage research publication and free discussion of economic topics 1 HeadquartersNashville TN USRegion servedUnited StatesMembers23 000PresidentChristina Romer University of California BerkeleyPresident elect Susan Athey Stanford Graduate School of BusinessMain organExecutive Committee 2 Websitewww wbr aeaweb wbr org Contents 1 History and Constitution 2 Activities 3 Association presidents 4 Distinguished Fellows 5 See also 6 References 7 External linksHistory and Constitution editThe AEA was established in 1885 in Saratoga Springs New York 4 by younger progressive economists trained in the German historical school including Richard T Ely Edwin Robert Anderson Seligman and Katharine Coman the only woman co founder 5 989 since 1900 it has been under the control of academics 6 7 The purposes of the Association are 1 The encouragement of economic research especially the historical and statistical study of the actual conditions of industrial life 2 The issue of publications on economic subjects 3 The encouragement of perfect freedom of economic discussion The Association as such will take no partisan attitude nor will it commit its members to any position on practical economic questions The Association publishes one of the most prestigious academic journals in economics namely the American Economic Review 8 9 Once composed primarily of college and university teachers of economics the Association headquartered in Nashville Tennessee now attracts an increasing number of members from business and professional groups Today the membership is about 23 000 over half of whom are academics About 15 are employed in business and industry and the remainder largely by federal state and local government or other not for profit organizations As an organization the AEA has been very hierarchical as the leadership has been dominated by academics from six academic institutions Harvard MIT Chicago Columbia Stanford and Princeton 3 Activities editAEA in conjunction with over 50 associations in related disciplines known as the Allied Social Science Associations holds a three day annual meeting in January to present papers on general economic subjects 10 11 The annual meeting features about 500 scholarly sessions A placement service to assist employers and job applicants begins a day prior to the meetings A continuing education program is held immediately after the annual meeting Topics vary from year to year The AEA publishes three economics journals the American Economic Review the Journal of Economic Literature and the Journal of Economic Perspectives In 2009 it began to publish four new area specific journals collectively American Economic Journal AEJ reporting on applied economics economic policy macroeconomics and microeconomics The AEA recognizes annually a Best Paper Award for papers published in each of the four areas 12 The AEA also publishes AEA Papers and Proceedings each May featuring papers presented at the AEA meetings in January Until 2017 these papers were published in the May issue of the American Economic Review 13 The AEA also produces EconLit the AEA s electronic bibliography It is a comprehensive index to peer reviewed journal articles books book reviews collective volume articles working papers and dissertations Compiled and abstracted in a searchable format EconLit indexes 125 years of economic literature from around the world It follows the JEL classification codes of the Journal of Economic Literature The AEA sponsors RFE Resources for Economists on the Internet an online source available to the general public without subscription It catalogs and annotates 2 000 internet sites under some 97 sections and subsubsections 14 RFE is currently updated on a monthly basis The AEA resource Job Openings for Economists JOE originated in October 1974 and lists job openings for economists It is published electronically monthly except January and July Each year the AEA recognizes the lifetime research contributions of four economists by electing them Distinguished Fellows The Association also awards annually the John Bates Clark Medal for outstanding research accomplishments in economics to a scholar under the age of 40 it is often referred to as the Baby Nobel as many of its recipients go on to become Nobel Laureates 15 Association presidents editAs of 2023 update the president of the association is Susan Athey and the president elect is Janet Currie 16 As of 2021 18 of presidents have been alumni citation needed and 20 faculty of Harvard University citation needed Past presidents of the association include 17 1886 92 Francis Amasa Walker 1893 Charles Franklin Dunbar 1894 95 John B Clark 1896 97 Henry Carter Adams 1898 99 Arthur Twining Hadley 1900 01 Richard T Ely 1902 03 Edwin Robert Anderson Seligman 1904 05 Frank W Taussig 1906 07 Jeremiah Jenks 1908 Simon N Patten 1909 Davis R Dewey 1910 Edmund J James 1911 Henry W Farnam 1912 Frank A Fetter 1913 David Kinley 1914 John H Gray 1915 Walter F Willcox 1916 Thomas N Carver 1917 John R Commons 1918 Irving Fisher 1919 Henry B Gardner 1920 Herbert J Davenport 1921 Jacob H Hollander 1922 Henry Rogers Seager 1923 Carl C Plehn 1924 Wesley C Mitchell 1925 Allyn A Young 1926 Edwin W Kemmerer 1927 Thomas Sewall Adams 1928 Fred M Taylor 1929 Edwin Francis Gay 1930 Matthew B Hammond 1931 Ernest L Bogart 1932 George E Barnett 1933 William Z Ripley 1934 Harry A Millis 1935 John Maurice Clark 1936 Alvin S Johnson 1937 Oliver W Sprague 1938 Alvin H Hansen 1939 Jacob Viner 1940 Frederick C Mills 1941 Sumner H Slichter 1942 Edwin G Nourse 1943 Albert B Wolfe 1944 Joseph S Davis 1945 Isaiah Leo Sharfman 1946 Emanuel Goldenweiser 1947 Paul H Douglas 1948 Joseph A Schumpeter 1949 Howard S Ellis 1950 Frank H Knight 1951 John H Williams 1952 Harold A Innis 1953 Calvin B Hoover 1954 Simon Kuznets 1955 John D Black 1956 Edwin E Witte 1957 Morris A Copeland 1958 George W Stocking 1959 Arthur F Burns 1960 Theodore W Schultz 1961 Paul A Samuelson 1962 Edward S Mason 1963 Gottfried Haberler 1964 George J Stigler 1965 Joseph J Spengler 1966 Fritz Machlup 1967 Milton Friedman 1968 Kenneth E Boulding 1969 William J Fellner 1970 Wassily Leontief 1971 James Tobin 1972 John Kenneth Galbraith 1973 Kenneth J Arrow 1974 Walter W Heller 1975 Robert Aaron Gordon 1976 Franco Modigliani 1977 Lawrence R Klein 1978 Tjalling C Koopmans Jacob Marschak died before taking office 1979 Robert M Solow 1980 Moses Abramovitz 1981 William J Baumol 1982 H Gardner Ackley 1983 W Arthur Lewis 1984 Charles L Schultze 1985 Charles P Kindleberger 1986 Alice M Rivlin first female president 1987 Gary S Becker 1988 Robert Eisner 1989 Joseph A Pechman 1990 Gerard Debreu 1991 Thomas C Schelling 1992 William S Vickrey 1993 Zvi Griliches 1994 Amartya K Sen 1995 Victor R Fuchs 1996 Anne O Krueger 1997 Arnold C Harberger 1998 Robert W Fogel 1999 D Gale Johnson 2000 Dale W Jorgenson 2001 Sherwin Rosen 2002 Robert E Lucas Jr 2003 Peter A Diamond 2004 Martin S Feldstein 2005 Daniel L McFadden 2006 George A Akerlof 2007 Thomas J Sargent 2008 Avinash K Dixit 2009 Angus S Deaton 2010 Robert E Hall 2011 Orley C Ashenfelter 2012 Christopher A Sims 2013 Claudia Goldin 2014 William D Nordhaus 2015 Richard Thaler 2016 Robert J Shiller 2017 Alvin E Roth 2018 Olivier Blanchard 2019 Ben Bernanke 2020 Janet Yellen 2021 David Card 2022 Christina RomerDistinguished Fellows editDistinguished Fellow honorees include 18 1965 Edward H Chamberlin Harold Hotelling George J Stigler 1966 Abba P Lerner Joseph J Spengler 1967 Alvin H Hansen Fritz Machlup Jacob Marschak 1968 Milton Friedman Lloyd A Metzler 1969 Kenneth E Boulding Alexander Gerschenkron Ludwig E von Mises 1970 William J Fellner William Arthur Lewis 1971 Nicholas Georgescu Roegen Tjalling C Koopmans Wassily Leontief 1972 Robert A Gordon Theodore W Schultz Carl S Shoup James Tobin 1973 John Kenneth Galbraith Tibor Scitovsky 1974 Kenneth J Arrow 1975 Walter W Heller 1976 Oskar Morgenstern Herbert A Simon 1977 Leonid Hurwicz Harry G Johnson Simon Kuznets Franco Modigliani 1978 Lawrence R Klein Richard A Musgrave William S Vickrey 1979 Margaret G Reid Ronald H Coase 1980 Solomon Fabricant Charles P Kindleberger Robert M Solow 1981 Moses Abramovitz Edward F Denison H Gregg Lewis 1982 Joe S Bain William J Baumol Gerard Debreu 1983 Gardner Ackley Abram Bergson James M Buchanan 1984 Evsey D Domar Albert O Hirschman 1985 Joseph Pechman Paul Rosenstein Rodan Charles L Shultze 1987 Arthur S Goldberger Alice M Rivlin Thomas C Schelling 1988 Gary S Becker Hendrik S Houthakker Roy Radner 1989 Robert Eisner Jacob Mincer Guy H Orcutt 1990 Victor R Fuchs Merton H Miller 1991 Irving B Kravis Herbert E Scarf 1992 Robert Dorfman Vernon L Smith 1993 Lionel W McKenzie Anna J Schwartz 1994 Zvi Griliches John C Harsanyi Kelvin J Lancaster 1995 Geoffrey H Moore Walter Oi Amartya Sen 1996 Armen A Alchian Robert A Mundell 1997 Martin Bronfenbrenner Anne O Krueger Gordon Tullock 1998 Arnold C Harberger Alan Heston Robert Summers 1999 David Cass John Chipman Robert W Fogel 2000 Jack Hirshleifer D Gale Johnson Edmund S Phelps 2001 Rudiger W Dornbusch Dale W Jorgenson Allan H Meltzer 2002 Clive Granger Sherwin Rosen Arnold Zellner 2003 Irma Adelman Jagdish Bhagwati Robert E Lucas T N Srinivasan 2004 William A Brock Peter A Diamond William D Nordhaus George P Shultz 2005 Stanley L Engerman Martin Feldstein Michael Rothschild Hugo F Sonnenschein 2006 Donald J Brown Richard A Easterlin Daniel McFadden Robert B Wilson 2007 George A Akerlof Orley C Ashenfelter Lloyd S Shapley Oliver E Williamson 2008 Erwin Diewert Dale Mortensen Charles Plott Thomas J Sargent 2009 Avinash K Dixit Ronald Jones Douglass North John Pencavel 2010 Angus Deaton Elhanan Helpman David Kreps Martin Shubik 2011 Alan Blinder William Brainard Robert E Hall Daniel Kahneman David Wise 2012 Truman F Bewley Marc L Nerlove Neil Wallace Janet L Yellen 2013 Harold Demsetz Stanley Fischer Jerry Hausman Paul Joskow Christopher A Sims 2014 Robert J Barro Gregory C Chow Claudia Goldin Robert J Gordon Richard Zeckhauser 2015 Theodore Bergstrom Gary Chamberlain Thomas Rothenberg Hal Varian 2016 Richard Freeman Glenn Loury Julio Rotemberg Isabel Sawhill 2017 James Heckman Charles Manski Robert A Pollak Nancy Stokey 2018 Henry Aaron Francine Blau Joel Mokyr Richard Posner 2019 Oliver Hart Edward Lazear Ariel Pakes Margaret Slade 2020 Katharine Abraham Shelly Lundberg Paul Milgrom Whitney Newey 2021 Alan Auerbach Rebecca Blank Anne Case Robert Townsend 2022 Sadie T M Alexander David Card Barry Eichengreen James Poterba Carmen ReinhartSee also editEuropean Economic Association International Economic Association Political Economy ClubReferences edit AEA Bylaws PDF Archived from the original PDF on October 22 2012 Retrieved September 1 2012 AEA Officers Retrieved January 22 2017 a b Hoover Kevin D Svorencik Andrej 2023 Who Runs the AEA Journal of Economic Literature 61 3 1127 1171 doi 10 1257 jel 20221667 ISSN 0022 0515 History and Objectives American Economics Association Retrieved February 3 2015 Vaughn Gerald F 2004 Katharine Coman America s first woman institutional economist and a champion of education for citizenship Journal of Economic Issues 38 4 989 1002 ISSN 0021 3624 Bernstein Michael A 2008 A Brief History of the American Economic Association American Journal of Economics and Sociology 67 5 1007 1023 doi 10 1111 j 1536 7150 2008 00608 x The New Palgrave Dictionary of Economics 2nd Edition 2008 American Economic Association abstract 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 S2CID 2688339 Cynthia Clark Northrup American Economic Association The American economy a historical encyclopedia Volume 2 ABC CLIO 2004 ISBN 1 57607 866 3 pages 9 10 Siegfried John J 2008 History of the Meetings of the Allied Social Science Associations since World War II The American Journal of Economics and Sociology 67 5 973 984 doi 10 1111 j 1536 7150 2008 00606 x ISSN 0002 9246 JSTOR 27739749 American Economic Association About the AEA Annual Meeting accessed 27 February 2023 American Economic Association www aeaweb org Retrieved April 9 2018 About AEA Papers and Proceedings American Economic Association Retrieved June 14 2020 American Economic Association RFE www aeaweb org Retrieved April 9 2018 Lahart Justin April 22 2010 Handicapping Economics Baby Nobel the Clark Medal The Wall Street Journal American Economic Association Executive Committee American Economic Association Retrieved June 14 2020 Past Presidents American Economic Association Retrieved June 14 2020 An AEA site listing all Distinguished Fellows and since 2004 accompanying linked AEA statements is here Accompanying statements for years before 2004 may be found in the following year of the American Economic Review issue no 3 June on two unnumbered front pages also accessible electronically as at JSTOR External links editOfficial website Retrieved from https en wikipedia org w index php title American Economic Association amp oldid 1188636677, wikipedia, wiki, book, books, library,

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