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American Economic Review
1969 - 2013
Edited by Pinelopi Koujianou Goldberg
from American Economic Association EDIRC .
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Volume 62, issue 5 , 1972
Production, Information Costs, and Economic Organization pp. 777-95 Armen A. Alchian and Harold Demsetz Education and Underemployment in the Urban Ghetto pp. 796-812 Bennett Harrison Option Demand and Consumer's Surplus: Valuing Price Changes under Uncertainty pp. 813-24 Richard Schmalensee Sectoral Investment Determination in a Developing Economy pp. 825-41 Jere Richard Behrman Capital Deepening Response in an Economy with Heterogeneous Capital Goods pp. 842-53 Edwin Burmeister and Stephen J Turnovsky Interest Rates and Inflationary Expectations: New Evidence pp. 854-65 William E Gibson Capital Gains and the Aggregate Consumption Function pp. 866-79 Kul Bhatia Keynes-Wicksell and Neoclassical Models of Money and Growth pp. 880-90 Stanley Fischer The Demand for the Services of Non-Federal Governments pp. 891-901 Thomas E Borcherding and Robert T. Deacon The Prediction Performance of the FRB-MIT-PENN Model of the U.S. Economy pp. 902-17 Charles R Nelson Uncertain Entry and Excess Capacity pp. 918-27 Morton Kamien and Nancy L Schwartz The Allocation of Transitory Income Among Consumers' Assets pp. 928-41 Michael Darby Duality and the Many Consumer's Surpluses pp. 942-52 Eugene Silberberg Fiscal and Monetary Policy Reconsidered: Comment pp. 953-56 Jack Vernon Fiscal and Monetary Policy Reconsidered: Further Reply pp. 957 Robert Eisner Pollution and Pricing pp. 958 Allen V Kneese Local versus National Pollution Control: Note pp. 959-63 Sam Peltzman and T Nicolaus Tideman Behavior of the Firm Under Regulatory Constraint pp. 964-70 Jerome L. Stein and George H Borts The Futility of Pareto-Efficient Distributions pp. 971-76 E J Mishan Peasants, Procreation, and Pensions: Comment pp. 977-78 Warren C Robinson Peasants, Procreation, and Pensions: Reply pp. 979 Philip A Neher A New Look at the Muth Model pp. 980-81 Wyatt Mankin Choice Involving Unwanted Risky Events and Optimal Insurance pp. 982-87 Michael Parkin and S Y Wu A Spectral Analysis of Post-Accord Federal Open Market Operations: Comment pp. 988-92 Llad Phillips and Robert Weintraub A Spectral Analysis of Post-Accord Federal Open Market Operations: Reply pp. 993-96 Vittorio Bonomo and Charles Schotta Multi-Neutral Technical Progress: Compatibilities, Conditions, and Consistency with Some Evidence pp. 997-1003 Earl R Brubaker Inflation, Unemployment, and Economic Welfare: Comment pp. 1004 Gordon Tullock Inflation, Unemployment, and Economic Welfare: Reply pp. 1005-06 Roger Waud Lerner on Pollution Controls: Comment pp. 1007-08 Ali M Reza Pollution Abatement Subsidies pp. 1009-10 Abba P Lerner Price-Quantity Adjustments in a Competitive Market pp. 1011-15 E C H Veendorp Volume 62, issue 4 , 1972
The 1972 Report of the President's Council of Economic Advisers: Inflation and Unemployment pp. 509-16 Edgar L Feige The 1972 Report of the President's Council of Economic Advisers: International Aspects pp. 517-26 Peter B. Kenen The 1972 Report of the President's Council of Economic Advisers: Inflation and Controls pp. 527-32 Reuben A Kessel The 1972 Report of the President's Council of Economic Advisers: Economics and Government pp. 533-39 Edmund S. Phelps Money, Income, and Causality pp. 540-52 Christopher Sims Neoclassical Investment Models and French Private Manufacturing Investment pp. 553-63 Richard Schramm Anticipatory and Objective Models of Durable Goods Demand pp. 564-79 F. Thomas Juster and Paul Wachtel Disasters and Charity: Some Aspects of Cooperative Economic Behavior pp. 580-90 Christopher M Douty Optimization and Scale Economies in Urban Bus Transportation pp. 591-604 Herbert Mohring The Economics of Environmental Preservation: A Theoretical and Empirical Analysis pp. 605-19 Anthony C Fisher , John V Krutilla and Charles J Cicchetti The Preventive Tariff and the Dual in Linear Programming pp. 620-29 leonard Waverman A Choice-Theoretic Model of an Income-Investment Accelerator pp. 630-41 Herschel . Grossman Advertising and the Aggregate Consumption Function pp. 642-55 Lester D Taylor and Daniel Weiserbs A Note on the Stigler-Kindahl Study of Industrial Prices pp. 656-58 George A Hay The Statistical Theory of Racism and Sexism pp. 659-61 Edmund S. Phelps Learning and Productivity Change in Metal Products pp. 662-69 Leonard Dudley The Number of Firms and Competition pp. 670-74 Eugene F. Fama and Arthur B Laffer Soviet Postwar Economic Growth and Capital-Labor Substitution: Comment pp. 675-78 Earl R Brubaker Soviet Postwar Economic Growth and Capital-Labor Substitution: Comment pp. 679-81 Mitchell Kellman and Lorenzo L Perez Soviet Postwar Economic Growth and Capital-Labor Substitution: Reply pp. 682-84 Martin L. Weitzman A Model of Soviet-Type Economic Planning: Comment pp. 685-88 J M Montias A Model of Soviet-Type Economic Planning: Reply pp. 689-91 Michael Manove The Determinants of U. S. Direct Investment in the E. E. C.: Comment pp. 692-99 Murray A Goldberg The Determinants of U. S. Direct Investment in the E. E. C.: Reply pp. 700-04 Anthony E Scaperlanda and Laurence Jay Mauer Monopoly Output Under Alternative Spatial Pricing Techniques pp. 705-13 M L Greenhut and H Ohta Job Search, the Duration of Unemployment, and the Phillips Curve: Comment pp. 714-17 Paul Gayer and Robert Goldfarb Job Search, the Duration of Unemployment, and the Phillips Curve: Reply pp. 718-19 Dale T. Mortensen Production Indeterminacy with Three Goods and Two Factors: Rejoinder pp. 720-22 Douglas B Stewart Production Indeterminacy with Three Goods and Two Factors: The Last Word? pp. 723 James R. Melvin An Analysis of Turning Point Forecasts pp. 724-29 Herman O. Stekler The Permanent Income Hypothesis: Evidence from Time-Series Data pp. 730-34 Prem S Laumas and Khan A Mohabbat The Incidence of the Social Security Payroll Tax: Comment pp. 735-38 Martin S. Feldstein The Incidence of the Social Security Payroll Tax: Reply pp. 739-42 John A Brittain Decision Rules for Effective Protection in Less Developed Economies pp. 743-46 Trent J Bertrand Substitution, Complementarity, and the Residual Variation: Some Further Results pp. 747-51 Louis Phlips and Philippe Rouzier Schooling and Earnings of Low Achievers: Comment pp. 752-54 Barry R. Chiswick Schooling and Earnings of Low Achievers: Comment pp. 755-59 Stanley Masters and Thomas Ribich Schooling and Earnings of Low Achievers: Reply pp. 760-62 W Lee Hansen , Burton A Weisbrod and William J Scanlon Volume 62, issue 3 , 1972
Maximum Principles in Analytical Economics pp. 249-62 Paul A. Samuelson Housing Market Discrimination, Homeownership, and Savings Behavior pp. 263-77 John F Kain and John M. Quigley Theory of the Firm Facing Uncertain Demand pp. 278-91 Hayne Ellis Leland The Administered-Price Thesis Reconfirmed pp. 292-306 Gardiner C Means On Taxation and the Control of Externalities pp. 307-22 William Baumol The Effects of Minimum Wages on the Distribution of Changes in Aggregate Employment pp. 323-32 Marvin Kosters and Finis Welch Implications of the Theory of Rationing for Consumer Choice Under Uncertainty pp. 333-43 Peter A. Diamond and Menahem Yaari Life Cycle Saving: Theory and Fact pp. 344-53 Keizo Nagatani The Rationale of the Mean-Standard Deviation Analysis, Skewness Preference, and the Demand for Money pp. 354-71 S C Tsiang Black Education, Earnings, and Interregional Migration: Some New Evidence pp. 372-83 Leonard W Weiss and Jeffrey Gale Williamson Incentive Contracts and Competitive Bidding pp. 384-94 David P Baron Price Discrimination by Regulated Motor Carriers pp. 395-402 Josephine E Olson The Dynamics of Firm Behavior Under Alternative Cost Structures pp. 403-13 George A Hay Urban Poverty and Labor Force Participation: Note pp. 414-21 Larry Sawers Nordhaus' Theory of Optimal Patent Life: A Geometric Reinterpretation pp. 422-27 F M Scherer The Optimum Life on a Patent: Reply pp. 428-31 William D. Nordhaus A Simple Approach to Existence and Uniqueness of Competitive Equilibria pp. 432-37 Donald W Katzner Stochastic Dominance vs. Mean-Variance Portfolio Analysis: An Empirical Evaluation pp. 438-46 R Burr Porter and Jabk E Gaumnitz Commodity Price Equalization: A Note on Factor Mobility and Trade pp. 442-76 Frank Flatters On Progression and Leisure pp. 447-50 M G Allingham Peasants, Procreation, and Pensions: Comment pp. 451s Marianne Abeles Ferber Peasants, Procreation, and Pensions: Reply pp. 452 Philip A Neher Upward Sloping Demand Curves Without the Giffen Paradox pp. 453-58 Daniel C Vandermeulen Determinants of the Commodity Structure of U. S. Trade: Comment pp. 459-64 Lawrence Weiser and Keith Jay Determinants of the Commodity Structure of U. S. Trade: Reply pp. 465 Robert E Baldwin Unions and Relative Real Wages pp. 466-72 Michael J Boskin A Theory and Test of Credit Rationing: Some Generalizations pp. 477-83 Vernon L. Smith A Theory and Test of Credit Rationing: Further Notes pp. 484-88 Dwight M Jaffee Distributional Equality and Aggregate Utility: Further Comments pp. 497-500 Roger A McCain Distributional Equality and Aggregate Utility: Reply pp. 501-02 William Breit and Culbertson, William Patton, Volume 62, issue 2 , 1972
The Second Crisis of Economic Theory pp. 1-10 Joan Robinson Have Monetary Policies Failed? pp. 11-18 Milton Friedman Have Fiscal and Monetary Policies Failed? pp. 19-23 John G Gurley Have Fiscal and/or Monetary Policies Failed? pp. 24-30 Arthur M Okun Viewing Minority Economic Development as a Problem in Political Economy pp. 31-38 William K Tabb The Economic Case for Reparations to Black America pp. 39-46 Robert S Browne The Basic Behavior of Regulatory Commissions pp. 47-54 George W Hilton Inherent Advantages Under Regulation pp. 55-61 Roy J Sampson What's Wrong with the Arts Is What's Wrong with Society pp. 62-69 Tibor Scitovsky Unions and the Arts pp. 70-77 Hyman R Faine Public Transportation: Wish Fulfillment and Reality in the San Francisco Bay Area pp. 78-86 Leonard Merewitz An Econometric Simulation Model of Intra-Metropolitan Housing Location: Housing, Business, Transportation and Local Government pp. 87-97 Engle, Robert F, III, et al An Econometric Simulation Model of Intra-Metropolitan Housing Location: Housing, Business, Transportation and Local Government: Discussion pp. 98-99 Richard F Muth An Econometric Simulation Model of Intra-Metropolitan Housing Location: Housing, Business, Transportation and Local Government: Discussion pp. 99-102 David F. Bradford Is the Corporate Economy a Corporate State? pp. 103-15 Robin Marris The Keynesians and Government Policy, 1933-1939 pp. 116-24 Alan R Sweezy The Role of Keynesians in Wartime Policy and Postwar Planning, 1940-1946 pp. 125-33 Byrd L Jones The Keynesian Revolution and Its Pioneers: Discussion pp. 134-38 Leon H Keyserling The Keynesian Revolution and Its Pioneers: Discussion pp. 138-39 Robert R Nathan The Keynesian Revolution and Its Pioneers: Discussion pp. 139-41 Lauchlin B Currie Academic Wisdom and Union Reality pp. 142-48 Robert Lekachman The Working Class Experience pp. 149-53 Brendan Sexton Economists and the Trade Union Movement: Discussion pp. 154-56 Myra H Strober Discrimination Against Women, Occupational Segregation, and the Relative Wage pp. 157-60 Harriet Zellner "Women's Place" in the Labor Market pp. 161-66 Francine Blau Is the Household Obsolete? pp. 167-74 Charlotte DeMonte Phelps What Economic Equality for Women Requires: Discussion pp. 175-76 Steven H Sandell The Contradictions of the Green Revolution pp. 177-86 Harry Cleaver Capitalism and Poverty in America: Paradox or Contradiction? pp. 187-94 Howard M Wachtel Is the South Still a Backward Region, and Why? pp. 195-203 M Foster Some Rural Economic Development Problems in the South pp. 204-11 Ray Marshall The Economic Consequences of the Stock Market pp. 212-19 Irwin Friend Impact of the Stock Market on Private Demand pp. 220-28 Robert H. Rasche The Stock Market and the Economy: Discussion pp. 229-33 Franco Modigliani Incomes Policy and Inflation: Some Further Reflections pp. 234-41 Gottfried Haberler Cost-Push and Some Policy Alternatives pp. 242-50 Lloyd Ulman A Wage-Price Freeze as an Instrument of Incomes Policy: Or the Blizzard of '71 pp. 251-57 Arnold R Weber The Economics and Politics of Consumer Sovereignty pp. 258-66 Abba P Lerner Consumer Behavior and the Concept of Sovereignty: Explanations of Social Decay pp. 267-78 Herbert Gintis The Military-Industrial Complex: A Market Structure Analysis pp. 279-87 Walter Adams and William James Adams MIRVing the Boondoggle: Contracts, Subsidy, and Welfare in the Aerospace Industry pp. 288-95 Richard F Kaufman Does the U.S. Economy Require Military Spending? pp. 296-303 Michael Reich The Political Economy of Weapons Procurement: The Follow-On Imperative pp. 304-11 James R Kurth Ten Propositions on the War Economy pp. 312-18 Seymour Melman Taxation of the Poor and the Normative Theory of Tax Incidence pp. 319-28 David M Gordon The Taxation of Wealth and the Wealthy pp. 329-30 Earl A Thompson Taxation of the Poor and the Rich: Discussion pp. 331-32 Robert J Lampman Taxation of the Poor and the Rich: Discussion pp. 332-34 Henry J. Aaron The Current State of Money and Production Theory pp. 335-43 John R Moroney The Political Economy of Money: Evolution and Impact of Monetarism in the Federal Reserve System pp. 344-52 Andrew F Brimmer Individual Preferences and Distributional Adjustments pp. 353-60 Harold M Hochman Long-Term Changes in Personal Income Distribution: Theoretical Approaches, Evidence, and Explanations pp. 361-62 T. Paul Schultz Occupational Discrimination as a pp. 363-72 Duran Bell Economists Consider Economic Reporters and Vice Versa: Introductory Comments pp. 373-75 Walter W Heller Truth vs. Partisan Political Purpose pp. 376-78 Leonard S Silk Communications Gap Narrows but Persists pp. 379-80 John R Meyer Economists and Reporters: A Combination to Promote/Restrain Trade pp. 381-83 Bernard D Nossiter Economists and the Press-A Progress Report pp. 384-86 Henry C Wallich Friends with Points of Friction and Misunderstanding pp. 387-88 Richard F Janssen Economists and Economic Reporters pp. 389-90 John A Schnittker Brazilian Size Distribution of Income pp. 391-402 Albert Fishlow Farm Size Distribution, Income Distribution, and the Efficiency of Agricultural Production: Colombia pp. 403-08 R Albert Berry Economic Theory and Society: A Plea for Process Analysis pp. 409-15 Craufurd David Goodwin The Early Economics of Keynes pp. 416-21 Harry G Johnson TIPS and Technical Change in Classroom Instruction pp. 422-28 Allen C Kelley Some Modern Myths in Teaching Economics: The U. K. Experience pp. 429-33 Richard Attiyeh and Keith G Lumsden Teaching Radical Political Economics in the Introductory Course pp. 434-38 Michael Zweig The American Economy in the Year 2000 pp. 439-43 Lester C Thurow Long-Term Planning and Forecasting in the USSR pp. 444-55 T S Khachaturov Luncheon in Honor of Gunnar and Alva Myrdal: Response to Introduction pp. 456-62 Gunnar Myrdal Volume 62, issue 1 , 1972
Inflation and Unemployment pp. 1-18 James Tobin Private and Social Rates of Return to Education of Academicians pp. 19-31 Duncan Bailey and Charles Schotta Distributional Equity and the Optimal Structure of Public Prices pp. 32-36 Martin S. Feldstein The Industrial Composition of U. S. Exports and Subsidiary Sales to the Canadian Market pp. 37-45 Thomas Horst The Process Analysis Alternative to Statistical Cost Functions: An Application to Petroleum Refining pp. 46-56 James M Griffin Optimal Economic Policy and the Problem of Instrument Instability pp. 57-65 Robert S Holbrook Default Risk, Scale, and the Homemade Leverage Theorem pp. 66-76 Vernon L. Smith The Creation of Risk Aversion by Imperfect Capital Markets pp. 77-86 Robert Tempest Masson Production, Trade, and Protection When There are Many Commodities and Two Factors pp. 87-106 William P Travis Experimental Evidence on Alternative Portfolio Decision Rules pp. 107-18 Myron J Gordon , G E Paradis and C H Rorke Social Returns to Public Information Services: Statistical Reporting of U. S. Farm Commodities pp. 119-30 Yujiro Hayami and Willis Peterson Welfare Economics and Welfare Reform pp. 131-38 George Daly and J. Fred Giertz A 'One Line' Proof of the Slutsky Equation pp. 139 Philip J Cook A Geometric Treatment of Averch-Johnson's Behavior of the Firm Model: Comment pp. 140-41 Robert J Stonebraker A Geometric Treatment of Averch-Johnson's Behavior of the Firm Model: Reply pp. 142 E E Zajac Security Pricing and Investment Criteria in Competitive Markets: Comment pp. 143-46 Prem Kumar Security Pricing and Investment Criteria in Competitive Markets: Reply pp. 147-48 Jan Mossin Macroeconomics of Unbalanced Growth: Comment pp. 149 Michael Keren Macroeconomics of Unbalanced Growth: Reply pp. 150 William Baumol Allais' Restatement of the Quantity Theory of Money: Note pp. 151-54 J L Scadding The Phillips Curve and the Distribution of Unemployment pp. 155-60 A G Hines Uncertainty and the Evaluation of Public Investment Decisions: Comment pp. 161-64 E J Mishan Uncertainty and the Evaluation of Public Investment Decisions: Comment pp. 165-67 Roland N McKean and John H Moore Uncertainty and the Evaluation of Public Investment Decisions: Comment pp. 168-69 Alan Nichols Uncertainty and the Evaluation of Public Investment Decisions: Comment pp. 170 Donald Wellington Uncertainty and the Evaluation of Public Investment Decisions: Reply pp. 171-72 Kenneth J. Arrow and Robert C Lind Optimal Taxes and Pricing: Comment pp. 173-74 Yew-Kwang Ng Optimal Taxes and Pricing: Reply pp. 175-76 David F. Bradford and William Baumol The Role of Money in a Simple Growth Model: Comment pp. 177-79 Jon Harkness The Role of Money in a Simple Growth Model: Comment pp. 180-84 R Ramanathan The Role of Money in a Simple Growth Model: Reply pp. 185 David Levhari and Don Patinkin A Note on Pollution Prices in a General Equilibrium Model pp. 186-92 Larry E Ruff 'Fixed Costs' and the Competitive Firm Under Price Uncertainty: Comment pp. 193 Irwin Bernhardt 'Fixed Costs' and the Competitive Firm Under Price Uncertainty: Reply pp. 194-95 Agnar Sandmo Separability and Complementarity pp. 196-97 Eugene Silberberg Money Illusion and the Aggregate Consumption Function: Comment pp. 198-206 Alex Cukierman Money Illusion and the Aggregate Consumption Function: Reply pp. 207-10 William H Branson and Alvin K Klevorick Do Blacks Save More? pp. 211-16 Marjorie Galenson On Measuring the Nearness of Near-Moneys: Comment pp. 217-20 Tong Hun Lee On Measuring the Nearness of Near-Moneys: Comment pp. 221-25 Larry Steinhauer and John Chang On Measuring the Nearness of Near-Moneys: Reply pp. 226-29 V K Chetty Lags in the Effects of Monetary Policy: Comment pp. 230-33 Paul E Smith Lags in the Effects of Monetary Policy: Reply and Some Further Thoughts pp. 234-37 J Ernest Tanner
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