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American Economic Review

1969 - 2014

Current editor(s): Pinelopi Koujianou Goldberg

from American Economic Association
Contact information at EDIRC.
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Volume 62, issue 5, 1972

Production, Information Costs, and Economic Organization pp. 777-95 Downloads
Armen A. Alchian and Harold Demsetz
Education and Underemployment in the Urban Ghetto pp. 796-812 Downloads
Bennett Harrison
Option Demand and Consumer's Surplus: Valuing Price Changes under Uncertainty pp. 813-24 Downloads
Richard Schmalensee
Sectoral Investment Determination in a Developing Economy pp. 825-41 Downloads
Jere Richard Behrman
Capital Deepening Response in an Economy with Heterogeneous Capital Goods pp. 842-53 Downloads
Edwin Burmeister and Stephen J Turnovsky
Interest Rates and Inflationary Expectations: New Evidence pp. 854-65 Downloads
William E Gibson
Capital Gains and the Aggregate Consumption Function pp. 866-79 Downloads
Kul Bhatia
Keynes-Wicksell and Neoclassical Models of Money and Growth pp. 880-90 Downloads
Stanley Fischer
The Demand for the Services of Non-Federal Governments pp. 891-901 Downloads
Thomas E Borcherding and Robert T. Deacon
The Prediction Performance of the FRB-MIT-PENN Model of the U.S. Economy pp. 902-17 Downloads
Charles R. Nelson
Uncertain Entry and Excess Capacity pp. 918-27 Downloads
Morton Kamien and Nancy L Schwartz
The Allocation of Transitory Income Among Consumers' Assets pp. 928-41 Downloads
Michael Darby
Duality and the Many Consumer's Surpluses pp. 942-52 Downloads
Eugene Silberberg
Fiscal and Monetary Policy Reconsidered: Comment pp. 953-56 Downloads
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 Downloads
Sam Peltzman and T Nicolaus Tideman
Behavior of the Firm Under Regulatory Constraint pp. 964-70 Downloads
Jerome L. Stein and George H Borts
The Futility of Pareto-Efficient Distributions pp. 971-76 Downloads
E J Mishan
Peasants, Procreation, and Pensions: Comment pp. 977-78 Downloads
Warren C Robinson
Peasants, Procreation, and Pensions: Reply pp. 979
Philip A Neher
A New Look at the Muth Model pp. 980-81 Downloads
Wyatt Mankin
Choice Involving Unwanted Risky Events and Optimal Insurance pp. 982-87 Downloads
Michael Parkin and S Y Wu
A Spectral Analysis of Post-Accord Federal Open Market Operations: Comment pp. 988-92 Downloads
Llad Phillips and Robert Weintraub
A Spectral Analysis of Post-Accord Federal Open Market Operations: Reply pp. 993-96 Downloads
Vittorio Bonomo and Charles Schotta
Multi-Neutral Technical Progress: Compatibilities, Conditions, and Consistency with Some Evidence pp. 997-1003 Downloads
Earl R Brubaker
Inflation, Unemployment, and Economic Welfare: Comment pp. 1004
Gordon Tullock
Inflation, Unemployment, and Economic Welfare: Reply pp. 1005-06 Downloads
Roger Waud
Lerner on Pollution Controls: Comment pp. 1007-08 Downloads
Ali M Reza
Pollution Abatement Subsidies pp. 1009-10 Downloads
Abba P Lerner
Price-Quantity Adjustments in a Competitive Market pp. 1011-15 Downloads
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 Downloads
Reuben A Kessel
The 1972 Report of the President's Council of Economic Advisers: Economics and Government pp. 533-39 Downloads
Edmund S. Phelps
Money, Income, and Causality pp. 540-52 Downloads
Christopher Sims
Neoclassical Investment Models and French Private Manufacturing Investment pp. 553-63 Downloads
Richard Schramm
Anticipatory and Objective Models of Durable Goods Demand pp. 564-79 Downloads
F. Thomas Juster and Paul Wachtel
Disasters and Charity: Some Aspects of Cooperative Economic Behavior pp. 580-90 Downloads
Christopher M Douty
Optimization and Scale Economies in Urban Bus Transportation pp. 591-604 Downloads
Herbert Mohring
The Economics of Environmental Preservation: A Theoretical and Empirical Analysis pp. 605-19 Downloads
Anthony C Fisher, John V Krutilla and Charles J Cicchetti
The Preventive Tariff and the Dual in Linear Programming pp. 620-29 Downloads
leonard Waverman
A Choice-Theoretic Model of an Income-Investment Accelerator pp. 630-41 Downloads
Herschel . Grossman
Advertising and the Aggregate Consumption Function pp. 642-55 Downloads
Lester D Taylor and Daniel Weiserbs
A Note on the Stigler-Kindahl Study of Industrial Prices pp. 656-58 Downloads
George A Hay
The Statistical Theory of Racism and Sexism pp. 659-61 Downloads
Edmund S. Phelps
Learning and Productivity Change in Metal Products pp. 662-69 Downloads
Leonard Dudley
The Number of Firms and Competition pp. 670-74 Downloads
Eugene F. Fama and Arthur B Laffer
Soviet Postwar Economic Growth and Capital-Labor Substitution: Comment pp. 675-78 Downloads
Earl R Brubaker
Soviet Postwar Economic Growth and Capital-Labor Substitution: Comment pp. 679-81 Downloads
Mitchell Kellman and Lorenzo L Perez
Soviet Postwar Economic Growth and Capital-Labor Substitution: Reply pp. 682-84 Downloads
Martin L. Weitzman
A Model of Soviet-Type Economic Planning: Comment pp. 685-88 Downloads
J M Montias
A Model of Soviet-Type Economic Planning: Reply pp. 689-91 Downloads
Michael Manove
The Determinants of U. S. Direct Investment in the E. E. C.: Comment pp. 692-99 Downloads
Murray A Goldberg
The Determinants of U. S. Direct Investment in the E. E. C.: Reply pp. 700-04 Downloads
Anthony E Scaperlanda and Laurence Jay Mauer
Monopoly Output Under Alternative Spatial Pricing Techniques pp. 705-13 Downloads
M L Greenhut and H Ohta
Job Search, the Duration of Unemployment, and the Phillips Curve: Comment pp. 714-17 Downloads
Paul Gayer and Robert Goldfarb
Job Search, the Duration of Unemployment, and the Phillips Curve: Reply pp. 718-19 Downloads
Dale T. Mortensen
Production Indeterminacy with Three Goods and Two Factors: Rejoinder pp. 720-22 Downloads
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 Downloads
Herman O. Stekler
The Permanent Income Hypothesis: Evidence from Time-Series Data pp. 730-34 Downloads
Prem S Laumas and Khan A Mohabbat
The Incidence of the Social Security Payroll Tax: Comment pp. 735-38 Downloads
Martin S. Feldstein
The Incidence of the Social Security Payroll Tax: Reply pp. 739-42 Downloads
John A Brittain
Decision Rules for Effective Protection in Less Developed Economies pp. 743-46 Downloads
Trent J Bertrand
Substitution, Complementarity, and the Residual Variation: Some Further Results pp. 747-51 Downloads
Louis Phlips and Philippe Rouzier
Schooling and Earnings of Low Achievers: Comment pp. 752-54 Downloads
Barry R. Chiswick
Schooling and Earnings of Low Achievers: Comment pp. 755-59 Downloads
Stanley Masters and Thomas Ribich
Schooling and Earnings of Low Achievers: Reply pp. 760-62 Downloads
W Lee Hansen, Burton A Weisbrod and William J Scanlon

Volume 62, issue 3, 1972

Maximum Principles in Analytical Economics pp. 249-62 Downloads
Paul A. Samuelson
Housing Market Discrimination, Homeownership, and Savings Behavior pp. 263-77 Downloads
John F Kain and John M. Quigley
Theory of the Firm Facing Uncertain Demand pp. 278-91 Downloads
Hayne Ellis Leland
The Administered-Price Thesis Reconfirmed pp. 292-306 Downloads
Gardiner C Means
On Taxation and the Control of Externalities pp. 307-22 Downloads
William Baumol
The Effects of Minimum Wages on the Distribution of Changes in Aggregate Employment pp. 323-32 Downloads
Marvin Kosters and Finis Welch
Implications of the Theory of Rationing for Consumer Choice Under Uncertainty pp. 333-43 Downloads
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 Downloads
S C Tsiang
Black Education, Earnings, and Interregional Migration: Some New Evidence pp. 372-83 Downloads
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 Downloads
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 Downloads
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 Downloads
William D. Nordhaus
A Simple Approach to Existence and Uniqueness of Competitive Equilibria pp. 432-37 Downloads
Donald W Katzner
Stochastic Dominance vs. Mean-Variance Portfolio Analysis: An Empirical Evaluation pp. 438-46 Downloads
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 Downloads
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 Downloads
Daniel C Vandermeulen
Determinants of the Commodity Structure of U. S. Trade: Comment pp. 459-64 Downloads
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 Downloads
Michael J Boskin
A Theory and Test of Credit Rationing: Some Generalizations pp. 477-83 Downloads
Vernon L. Smith
A Theory and Test of Credit Rationing: Further Notes pp. 484-88 Downloads
Dwight M Jaffee
Distributional Equality and Aggregate Utility: Further Comments pp. 497-500 Downloads
Roger A McCain
Distributional Equality and Aggregate Utility: Reply pp. 501-02 Downloads
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 Downloads
Milton Friedman
Have Fiscal and Monetary Policies Failed? pp. 19-23
John G Gurley
Have Fiscal and/or Monetary Policies Failed? pp. 24-30 Downloads
Arthur M Okun
Viewing Minority Economic Development as a Problem in Political Economy pp. 31-38 Downloads
William K Tabb
The Economic Case for Reparations to Black America pp. 39-46 Downloads
Robert S Browne
The Basic Behavior of Regulatory Commissions pp. 47-54 Downloads
George W Hilton
Inherent Advantages Under Regulation pp. 55-61 Downloads
Roy J Sampson
What's Wrong with the Arts Is What's Wrong with Society pp. 62-69 Downloads
Tibor Scitovsky
Unions and the Arts pp. 70-77 Downloads
Hyman R Faine
Public Transportation: Wish Fulfillment and Reality in the San Francisco Bay Area pp. 78-86 Downloads
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 Downloads
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 Downloads
Robin Marris
The Keynesians and Government Policy, 1933-1939 pp. 116-24 Downloads
Alan R Sweezy
The Role of Keynesians in Wartime Policy and Postwar Planning, 1940-1946 pp. 125-33 Downloads
Byrd L Jones
The Keynesian Revolution and Its Pioneers: Discussion pp. 134-38 Downloads
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 Downloads
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 Downloads
Myra H Strober
Discrimination Against Women, Occupational Segregation, and the Relative Wage pp. 157-60 Downloads
Harriet Zellner
"Women's Place" in the Labor Market pp. 161-66
Francine Blau
Is the Household Obsolete? pp. 167-74 Downloads
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 Downloads
Howard M Wachtel
Is the South Still a Backward Region, and Why? pp. 195-203 Downloads
M Foster
Some Rural Economic Development Problems in the South pp. 204-11 Downloads
Ray Marshall
The Economic Consequences of the Stock Market pp. 212-19 Downloads
Irwin Friend
Impact of the Stock Market on Private Demand pp. 220-28 Downloads
Robert H. Rasche
The Stock Market and the Economy: Discussion pp. 229-33 Downloads
Franco Modigliani
Incomes Policy and Inflation: Some Further Reflections pp. 234-41
Gottfried Haberler
Cost-Push and Some Policy Alternatives pp. 242-50 Downloads
Lloyd Ulman
A Wage-Price Freeze as an Instrument of Incomes Policy: Or the Blizzard of '71 pp. 251-57 Downloads
Arnold R Weber
The Economics and Politics of Consumer Sovereignty pp. 258-66 Downloads
Abba P Lerner
Consumer Behavior and the Concept of Sovereignty: Explanations of Social Decay pp. 267-78 Downloads
Herbert Gintis
The Military-Industrial Complex: A Market Structure Analysis pp. 279-87 Downloads
Walter Adams and William James Adams
MIRVing the Boondoggle: Contracts, Subsidy, and Welfare in the Aerospace Industry pp. 288-95 Downloads
Richard F Kaufman
Does the U.S. Economy Require Military Spending? pp. 296-303 Downloads
Michael Reich
The Political Economy of Weapons Procurement: The Follow-On Imperative pp. 304-11 Downloads
James R Kurth
Ten Propositions on the War Economy pp. 312-18 Downloads
Seymour Melman
Taxation of the Poor and the Normative Theory of Tax Incidence pp. 319-28 Downloads
David M Gordon
The Taxation of Wealth and the Wealthy pp. 329-30 Downloads
Earl A Thompson
Taxation of the Poor and the Rich: Discussion pp. 331-32 Downloads
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 Downloads
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 Downloads
Harold M Hochman
Long-Term Changes in Personal Income Distribution: Theoretical Approaches, Evidence, and Explanations pp. 361-62 Downloads
T. Paul Schultz
Occupational Discrimination as a pp. 363-72 Downloads
Duran Bell
Economists Consider Economic Reporters and Vice Versa: Introductory Comments pp. 373-75 Downloads
Walter W Heller
Truth vs. Partisan Political Purpose pp. 376-78 Downloads
Leonard S Silk
Communications Gap Narrows but Persists pp. 379-80 Downloads
John R Meyer
Economists and Reporters: A Combination to Promote/Restrain Trade pp. 381-83 Downloads
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 Downloads
Richard F Janssen
Economists and Economic Reporters pp. 389-90 Downloads
John A Schnittker
Brazilian Size Distribution of Income pp. 391-402 Downloads
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 Downloads
Craufurd David Goodwin
The Early Economics of Keynes pp. 416-21 Downloads
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 Downloads
Richard Attiyeh and Keith G Lumsden
Teaching Radical Political Economics in the Introductory Course pp. 434-38 Downloads
Michael Zweig
The American Economy in the Year 2000 pp. 439-43 Downloads
Lester C Thurow
Long-Term Planning and Forecasting in the USSR pp. 444-55 Downloads
T S Khachaturov
Luncheon in Honor of Gunnar and Alva Myrdal: Response to Introduction pp. 456-62 Downloads
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 Downloads
Martin S. Feldstein
The Industrial Composition of U. S. Exports and Subsidiary Sales to the Canadian Market pp. 37-45 Downloads
Thomas Horst
The Process Analysis Alternative to Statistical Cost Functions: An Application to Petroleum Refining pp. 46-56 Downloads
James M Griffin
Optimal Economic Policy and the Problem of Instrument Instability pp. 57-65 Downloads
Robert S Holbrook
Default Risk, Scale, and the Homemade Leverage Theorem pp. 66-76 Downloads
Vernon L. Smith
The Creation of Risk Aversion by Imperfect Capital Markets pp. 77-86 Downloads
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 Downloads
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 Downloads
Yujiro Hayami and Willis Peterson
Welfare Economics and Welfare Reform pp. 131-38 Downloads
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 Downloads
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 Downloads
Prem Kumar
Security Pricing and Investment Criteria in Competitive Markets: Reply pp. 147-48 Downloads
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 Downloads
J L Scadding
The Phillips Curve and the Distribution of Unemployment pp. 155-60 Downloads
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 Downloads
Roland N McKean and John H Moore
Uncertainty and the Evaluation of Public Investment Decisions: Comment pp. 168-69 Downloads
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 Downloads
Kenneth J. Arrow and Robert C Lind
Optimal Taxes and Pricing: Comment pp. 173-74 Downloads
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 Downloads
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 Downloads
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 Downloads
Agnar Sandmo
Separability and Complementarity pp. 196-97 Downloads
Eugene Silberberg
Money Illusion and the Aggregate Consumption Function: Comment pp. 198-206 Downloads
Alex Cukierman
Money Illusion and the Aggregate Consumption Function: Reply pp. 207-10 Downloads
William H Branson and Alvin K Klevorick
Do Blacks Save More? pp. 211-16 Downloads
Marjorie Galenson
On Measuring the Nearness of Near-Moneys: Comment pp. 217-20 Downloads
Tong Hun Lee
On Measuring the Nearness of Near-Moneys: Comment pp. 221-25 Downloads
Larry Steinhauer and John Chang
On Measuring the Nearness of Near-Moneys: Reply pp. 226-29 Downloads
V K Chetty
Lags in the Effects of Monetary Policy: Comment pp. 230-33 Downloads
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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