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American Economic Review

1969 - 2018

Current editor(s): Esther Duflo

From American Economic Association
Contact information at EDIRC.

Bibliographic data for series maintained by Michael P. Albert ().

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Volume 59, issue 5, 1969

Security Pricing and Investment Criteria in Competitive Markets pp. 749-56 Downloads
Jan Mossin
Interstate Wage Differentials: A Cross Section Analysis pp. 757-73 Downloads
Gerald W Scully
Long-Run Scale Adjustments of a Perfectly Competitive Firm and Industry pp. 774-83 Downloads
C E Ferguson and Thomas R Saving
A Re-Examination of the Modigliani-Miller Theorem pp. 784-93 Downloads
Joseph Stiglitz
Lags in the Effects of Monetary Policy: A Statistical Investigation pp. 794-805 Downloads
J Ernest Tanner
An Empirical Investigation of the Wage-Lag Hypothesis pp. 806-16 Downloads
Thomas Cargill
An Economic Interpretation of Optimal Control Theory pp. 817-31 Downloads
Robert Dorfman
Money Illusion and the Aggregate Consumption Function pp. 832-49 Downloads
William Branson and Alvin K Klevorick
A Theory and Test of Credit Rationing pp. 850-72 Downloads
Dwight M Jaffee and Franco Modigliani
Pecuniary and Technological Externality, Factor Rents, and Social Costs pp. 873-85 Downloads
Worcester, Dean A,
Dependency Rates and Savings Rates pp. 886-96 Downloads
Nathaniel H Leff
Fiscal and Monetary Policy Reconsidered pp. 897-905 Downloads
Robert Eisner
Coinsurance and the Welfare Economics of Medical Care pp. 906-08 Downloads
Michael A Crew
On the Social Rate of Discount: Comment pp. 909-11 Downloads
Alan Nichols
On the Social Rate of Discount: Comment pp. 912-16 Downloads
Estelle James
On the Social Rate of Discount: Comment pp. 917-18 Downloads
Carl Landauer
On the Social Rate of Discount: Comment pp. 919-24 Downloads
David D Ramsey
On the Social Rate of Discount: Comment pp. 925-29 Downloads
Dan Usher
On the Social Rate of Discount: Comment on the Comments pp. 930
William Baumol
New Thoughts About Inferior Goods pp. 931-34 Downloads
H H Liebhafsky
The Contribution of Education to the Quality of Labor: Comment pp. 935-43 Downloads
Edward F Denison
The Contribution of Education to the Quality of Labor: Reply pp. 944-46 Downloads
David Schwartzman
Economies as an Antitrust Defense: Comment pp. 947-53 Downloads
Michael E DePrano and Jeffrey Nugent
Economies as an Antitrust Defense: Reply pp. 954-59 Downloads
Oliver Williamson
Teaching Hour-Load Assignments in Economics Departments in Larger Institutions Revisited pp. 960-62 Downloads
Rodney J Morrison
The Restrictive Effect of the U.S. Tariff: Comment pp. 963-66 Downloads
Franklin V Walker
Optimal Policies and Immiserizing Growth pp. 967-70 Downloads
Jagdish N Bhagwati
A Further Test of the Kinky Oligopoly Demand Curve pp. 971-75 Downloads
Julian L Simon
Reciprocal Externalities and Optimal Input and Output Levels pp. 976-84 Downloads
Phillip E Vincent
The Economics of Production from Natural Resources: Note pp. 985-90 Downloads
Ronald G Cummings and Oscar R Burt
The Stock of Money and Investment in the United States, 1897-1966 pp. 991-96 Downloads
William P Gramm and Timberlake, Richard H,
Distributed Lags and Effectiveness of Monetary Policy: Note pp. 997-1001 Downloads
E. Howrey
The Interaction of Tariffs and Quotas pp. 1002-05 Downloads
Tsvi Ophir
Decentralization Under Worker's Management: A Theoretical Appraisal pp. 1006-14 Downloads
Jaroslav Vanek

Volume 59, issue 4, 1969

Contributions to Indian Economic Analysis: A Survey pp. 2-73 Downloads
Jagdish N Bhagwati and Sukhamoy Chakravarty
Economic Policy Discussion and Research in Israel pp. 74-118 Downloads
Nadav Halevi
Interrelated Factor Demand Functions pp. 457-71 Downloads
M Ishaq Nadiri and Sherwin Rosen
International Capital Movements and Monetary Equilibrium pp. 472-92 Downloads
John Floyd
A Model of an Agrarian Economy with Nonagricultural Activities pp. 493-506 Downloads
Stephen H Hymer and Stephen Resnick
Real and Monetary Determinants of State and Local Highway Investment, 1951-66 pp. 507-21 Downloads
Charlotte Phelps
Expectations and the Demand for Bonds pp. 522-30 Downloads
John H Wood
Large Industrial Corporations and Asset Shares pp. 531-41 Downloads
David Mermelstein
Pareto Optimal Redistribution pp. 542-57 Downloads
Harold M Hochman and James D Rodgers
The Determinants of U.S. Direct Investment in the E.E.C pp. 558-68 Downloads
Anthony E Scaperlanda and Laurence J Mauer
The Seed-Fertilizer Revolution and Labor Force Absorption pp. 569-82 Downloads
Bruce F Johnston and John Cownie
Output of the Restrained Firm pp. 583-89 Downloads
Milton Z Kafoglis
A Comment on the Modigliani-Miller Cost of Capital Thesis pp. 590-92 Downloads
A James Heins and Case M Sprenkle
A Comment on the Modigliani-Miller Cost of Capital Thesis: Reply pp. 592-95 Downloads
Franco Modigliani and Merton Miller
Clothing Exemptions and Sales Tax Regressivity pp. 596-99 Downloads
Jeffrey M Schaefer
Concentration and Economic Progress: Note pp. 600-604
Bruce T Allen
Demand Conditions and Immiserizing Growth pp. 604-06
James Melvin
Substitution and Two Concepts of Effective Rate of Protection pp. 607-12
James Anderson and Seiji Naya
A Competitive Theory of the Housing Market pp. 612-22 Downloads
Edgar Olsen
Growth in Soviet Transport and Communications: Note pp. 622-24 Downloads
Earl R Brubaker
Language as a Limiting Factor for Centralization pp. 625-31 Downloads
Pavel Pelikan
Macroeconomics of Unbalanced Growth: Comment on the Comment pp. 632
William Baumol
Macroeconomics of Unbalanced Growth: A Belated Comment pp. 633
Joan Robinson
Sales Maximization and Managerial Effort: Note pp. 633-34 Downloads
David J Smyth
What Is Producer's Surplus?-Comment pp. 634-35 Downloads
Robert H Wessel
Rent and Producer's Surplus: Reply pp. 635-37 Downloads
E J Mishan
The Urban Economy and the "Urban Crisis." pp. 639-45 Downloads
Barbara R Bergmann
Housing the Urban Poor: The Economics of Various Strategies pp. 646-51 Downloads
Anthony Downs
Strategies for Helping Cities pp. 652-56 Downloads
Jane Jacobs
The Size Distribution of Personal Income during the Business Cycle pp. 657-68 Downloads
Charles E Metcalf
An Example of an Algorithm for Calculating General Equilibrium Prices pp. 669-77 Downloads
Herbert Scarf
On the Core of an Economic System with Externalities pp. 678-84 Downloads
Lloyd Shapley and Martin Shubik

Volume 59, issue 3, 1969

$45 Billion of U.S. Private Investment Has Been Mislaid pp. 221-38 Downloads
Robert Gordon
The Cost of the Draft and the Cost of Ending the Draft pp. 239-54
Anthony C Fisher
Behavior of the Firm under Regulatory Constraint pp. 255-60 Downloads
Akira Takayama
Tariffs, Intermediate Goods, and Domestic Protection pp. 261-69
Roy J Ruffin
On Measuring the Nearness of the Near-Moneys pp. 270-81
V Karuppan Chetty
Production, Consumption, and Externalities pp. 282-97 Downloads
Robert U Ayres and Allen V Kneese
Employment and Wages in Rural Egypt pp. 298-313 Downloads
Bent Hansen
The Interlocking Directorate pp. 314-23 Downloads
Peter Dooley
The Optimum Lifetime Distribution of Consumption Expenditures pp. 324-30
Lester Thurow
An Axiomatic Model of Logrolling pp. 331-41 Downloads
Robert Wilson
Price Expectations and the Phillips Curve pp. 342-50 Downloads
Robert Lucas and Leonard A Rapping
Wages and the Guideposts: Comment pp. 351-54 Downloads
Paul S Anderson
Wages and the Guideposts: Comment pp. 354-58 Downloads
Michael L Wachter
Wages and the Guideposts: Comment pp. 358-65 Downloads
Adrian W Throop
Wages and the Guideposts: Reply pp. 365-70 Downloads
George Perry
Tax Policy and Investment Behavior: Comment pp. 370-79
Robert M Coen
Tax Policy and Investment Behavior: Comment pp. 379-88 Downloads
Robert Eisner
Tax Policy and Investment Behavior: Reply and Further Results pp. 388-401 Downloads
Robert Hall and Dale W Jorgenson
Alternative Interest Rates and the Demand for Money: Comment pp. 401-12
Harvey Galper
Alternative Interest Rates and the Demand for Money: Reply pp. 412-18 Downloads
Tong Hun Lee
Tariffs and Trade in General Equilibrium: Comment pp. 418-24 Downloads
Ronald W Jones
Tariffs and Trade in General Equilibrium: Reply pp. 424-26 Downloads
Bo Sodersten and Karl Vind
Exchange Rates, Capital Flows and Monetary Policy pp. 426-32 Downloads
E. Canterbery
Some Notes on the Elasticity of Substitution pp. 432-35 Downloads
Frank S T Hsiao
Productivity Growth in Latin America: Comment pp. 435-39
Constantine Michalopoulos
The Two Gap Approach to Aid and Development: Comment pp. 439-46 Downloads
Henry J Bruton
The Two Gap Approach to Aid and Development: Reply to Bruton pp. 446-49 Downloads
Hollis B Chenery

Volume 59, issue 2, 1969

History of Economic Doctrines and Economic History pp. 1-17
Alexander Gerschenkron
An Economic Theory of Technological Change pp. 18-28 Downloads
William Nordhaus
Classificatory Notes on the Production and Transmission of Technological Knowledge pp. 29-35 Downloads
Kenneth Arrow
Technological Progress and Microeconomic Theory pp. 36-43 Downloads
Werner Z Hirsch
Theory of Innovation: Discussion pp. 44-46 Downloads
Evsey D Domar
Theory of Innovation: Discussion pp. 46-49 Downloads
Joseph Stiglitz
Investment and the Frustrations of Econometricians pp. 50-64
Robert Eisner
Industrial Research and Development: Characteristics, Costs, and Diffusion of Results pp. 65-71 Downloads
Edwin Mansfield
Market Structure and the Stability of Investment pp. 72-79 Downloads
Frederic M Scherer
Research and Development, Production Functions, and Rates of Return pp. 80-85 Downloads
Jora R Minasian
Research and Development and Other Determinants of Investment: Discussion pp. 86
Jora R Minasian
Advertising and the Advantages of Size pp. 87-98 Downloads
William S Comanor and Thomas A Wilson
Survival-Ability as a Test of Efficiency pp. 99-104 Downloads
Joe S Bain
Allocative Efficiency and the Limits of Antitrust pp. 105-18 Downloads
Oliver Williamson
Theory of the Firm and of Market Structures: Discussion pp. 119-21
Richard B Heflebower
Theory of the Firm and of Market Structures: Discussion pp. 121-23 Downloads
Lester G Telser
The Phillips Curve and the Distribution of Unemployment pp. 124-34 Downloads
G C Archibald
Improving the Labor Market Trade-Off between Inflation and Unemployment pp. 135-46 Downloads
Charles C Holt
The New Microeconomics in Inflation and Employment Theory pp. 147-60 Downloads
Edmund Phelps
Wage-Price Dynamics, Inflation, and Unemployment: Discussion pp. 161-62 Downloads
Frank Brechling
Wage-Price Dynamics, Inflation, and Unemployment: Discussion pp. 162-64 Downloads
Otto Eckstein
Wage-Price Dynamics, Inflation, and Unemployment: Discussion pp. 164-67 Downloads
Richard A Lester
The Representative Farm Approach to Estimation of Supply Response pp. 168-74 Downloads
Jerry A Sharples
Positivistic Measures of Aggregate Supply Elasticities: Some New Approaches pp. 175-83 Downloads
Luther G Tweeten and C Leroy Quance
The Supply Function in Agriculture Revisited: Discussion pp. 184-85 Downloads
Marvin Kottke
The Supply Function in Agriculture Revisited: Discussion pp. 185-87 Downloads
W Neill Schaller
The Supply Function in Agriculture Revisited: Discussion pp. 187-88 Downloads
James H White
Social Cost and Government Action pp. 189-97 Downloads
Gordon Tullock
An Economic Theory of Social Movements pp. 198-205
Albert Breton and Raymond Breton
Lewis Carroll and the Theory of Games pp. 206-10 Downloads
Duncan Black
Problems in the Theory of Public Choice: Discussion pp. 211-12 Downloads
Thomas E Borcherding
Problems in the Theory of Public Choice: Discussion pp. 212-14 Downloads
Allan Schmid
Problems in the Theory of Public Choice: Discussion pp. 214-16 Downloads
Benjamin Ward
The Efficiency of Programmed Learning in Teaching Economics: The Results of a Nationwide Experiment pp. 217-23 Downloads
Richard E Attiyeh, George L Bach and Keith G Lumsden
Performance on the New Test of Understanding in College Economics pp. 224-29 Downloads
Arthur L Welsh and Rendigs Fels
DEEP: Strengthening Economics in the Schools pp. 230-38 Downloads
John E Maher
The Efficiency of Education in Economics: Discussion pp. 239-40
Lloyd G Reynolds
The Efficiency of Education in Economics: Discussion pp. 240-42 Downloads
Peter O Steiner
The Efficiency of Education in Economics: Discussion pp. 242-43 Downloads
Carey C Thompson
Transportation Regulation and Economic Efficiency pp. 244-50 Downloads
Martin T Farris
Congestion Theory and Transport Investment pp. 251-60 Downloads
William Vickrey
Transportation and Price Stability pp. 261-69
George W Wilson
Transportation and the Public Utilities: Discussion pp. 270-71
Donald V Harper
Transportation and the Public Utilities: Discussion pp. 271-74 Downloads
John L Hazard
Transportation and the Public Utilities: Discussion pp. 274-76 Downloads
Joseph V Yance
The Lag in Monetary Policy as Implied by the Time Pattern of Monetary Effects on Interest Rates pp. 277-84 Downloads
Phillip Cagan and Arthur Gandolfi
Money and Permanent Income: Some Empirical Tests pp. 285-95 Downloads
James Tobin and Craig Swan
Economic Development in Historical Perspective pp. 286-400 Downloads
John C H Fei and Gustav Ranis
Econometric Analysis of Stabilization Policies pp. 296-314 Downloads
Albert Ando and Franco Modigliani
Monetary Theory: Discussion pp. 315-21 Downloads
Richard G Davis
Monetary Theory: Discussion pp. 321-23 Downloads
Donald P Tucker
Real Gold, Dollars, and Paper Gold pp. 324-31
Robert Mundell
Speculations on Gold Speculation pp. 332-43 Downloads
Fritz Machlup
The Gold Rush of 1968 in Retrospect and Prospect pp. 344-48 Downloads
Harry G Johnson
The Future of Gold: Discussion pp. 349-51 Downloads
Edward M Bernstein
The Future of Gold: Discussion pp. 351-53 Downloads
Fred Hirsch
The Future of Gold: Discussion pp. 353-56 Downloads
Miroslav A Kriz
Round Table on Exchange Rate Policy pp. 357-60 Downloads
Gottfried Haberler
Round Table on Exchange Rate Policy pp. 360-62 Downloads
Henry C Wallich
Round Table on Exchange Rate Policy pp. 362-64 Downloads
Peter Kenen
Round Table on Exchange Rate Policy pp. 364-66 Downloads
Milton Friedman
Round Table on Exchange Rate Policy pp. 366-69 Downloads
Fritz Machlup
The Cost to America of British Imperial Policy pp. 370-81
Peter D McClelland
Economic History: Discussion pp. 382-84 Downloads
Jonathan R T Hughes
Economic History: Discussion pp. 384-85 Downloads
Herman E Krooss
The Content of Development Economics pp. 401-08
Lloyd G Reynolds
Instruments and Goals in Economic Development pp. 409-26 Downloads
Irma Adelman, Marsha Geier and Cynthia Taft Morris
Economic Development: Discussion pp. 427-29 Downloads
Robert Baldwin
Economic Development: Discussion pp. 429-32 Downloads
Frank, Charles R,
Economic Development: Discussion pp. 432-34 Downloads
Carlos F Diaz-Alejandro
The OBE Size Distribution Series: Methods and Tentative Results for 1964 pp. 435-49
Edward C Budd and Daniel B Radner
Measures of Economic Well-Offness and Their Correlates pp. 450-62
James N Morgan and James D Smith
Graduated Works Incentives: An Experiment in Negative Taxation pp. 463-72 Downloads
Harold W Watts
Problems in the Area of Poverty: Discussion pp. 473-75 Downloads
Christopher Green
Problems in the Area of Poverty: Discussion pp. 475-76 Downloads
Harold W Guthrie
Problems in the Area of Poverty: Discussion pp. 476-78 Downloads
Lester Thurow
The Principle of "Fiscal Equivalence": The Division of Responsibilities among Different Levels of Government pp. 479-87 Downloads
Olson, Mancur,
Models of Segregation pp. 488-93 Downloads
Thomas Schelling
Strategic Interaction and Resource Allocation in Metropolitan Intergovernmental Relations pp. 494-503 Downloads
Jerome Rothenberg
Round Table on Allocation of Resources in Law Enforcement pp. 504-05 Downloads
Anthony Downs
Round Table on Allocation of Resources in Law Enforcement pp. 505-08 Downloads
William Landes
Round Table on Allocation of Resources in Law Enforcement pp. 508-10 Downloads
Simon Rottenberg
Round Table on Allocation of Resources in Law Enforcement pp. 510-12 Downloads
Richard B Hoffman
On the Concept and Possibility of Informational Decentralization pp. 513-24 Downloads
Leonid Hurwicz
On the Comparison of Centralized and Decentralized Economies pp. 525-32 Downloads
Thomas Marschak
Centralization and Decentralization in Economic Systems: Discussion pp. 533-37 Downloads
Bela Balassa
Centralization and Decentralization in Economic Systems: Discussion pp. 537
Abram Bergson
Manpower Shortages in Local Government Employment pp. 538-45 Downloads
Eugene J Devine
Resource Allocation with Probabilistic Individual Preferences pp. 546-52 Downloads
Richard Zeckhauser
Effects of Taxation on Risk-Taking pp. 553-61 Downloads
Aiko N Shibata
Resource Allocation with Probabilistic Individual Preferences: Discussion pp. 562-63 Downloads
David Cass
Effects of Taxation on Risk-Taking: Discussion pp. 563-65 Downloads
William H Oakland
Manpower Shortages in Local Government Employment: Discussion pp. 565-67 Downloads
Mark V Pauly

Volume 59, issue 1, 1969

Economics as a Moral Science pp. 1-12 Downloads
Kenneth E Boulding
Implications of Property Rights for Government Investment Choices pp. 13-24 Downloads
Louis De Alessi
Rules for Ordering Uncertain Prospects pp. 25-34 Downloads
Josef Hadar and William R Russell
Bargaining Theory, Trade Unions, and Industrial Strike Activity pp. 35-49 Downloads
Orley Ashenfelter and George Johnson
A Spectral Analysis of Post-Accord Federal Open Market Operations pp. 50-61 Downloads
Vittorio Bonomo and Charles Schotta
Reserve Policies of Central Banks and Their Implications for U.S. Balance of Payments Policy pp. 62-77 Downloads
Helmut A Hagemann
More on an Empirical Definition of Money pp. 78-87 Downloads
George G Kaufman
Aggregate Production Functions and Types of Technical Progress: A Statistical Analysis pp. 88-101 Downloads
Martin J Beckmann and Ryuzo Sato
Durability of Consumption Goods: Competition Versus Monopoly pp. 102-07 Downloads
David Levhari and T. Srinivasan
Customs Union and the Theory of Tariffs pp. 108-18 Downloads
Sven Arndt
Public Utility Pricing and Output under Risk pp. 119-28 Downloads
Brown, Gardner, and M Bruce Johnson
The Structure of the Money-Expenditures Relationship pp. 129-37 Downloads
Sam Peltzman
A Model for Labor Migration and Urban Unemployment in Less Developed Countries pp. 138-48 Downloads
Michael P Todaro
Implications of Dynamic Monopoly Behavior pp. 149-58 Downloads
Frank C Jen and Southwick, Lawrence,
Differences in Efficiency among Industries in Developing Countries pp. 159-71 Downloads
Mark R Daniels
A Note on Uncertainty and Preferences in a Temporal Context pp. 172-74 Downloads
Jan Mossin
External Diseconomies, Corrective Taxes, and Market Structure pp. 174-77 Downloads
James Buchanan
A Modified Golden Rule: The Case with Endogenous Labor Supply pp. 177-81 Downloads
Eric Davis
Excess Burden: The Corner Case pp. 181-83 Downloads
John G Head and C S Shoup
Some New Results in the Measurement of Capacity Utilization pp. 183-84 Downloads
Warren Hogan
Urban Poverty and Labor Force Participation: Comment pp. 185-94 Downloads
Glen Cain and Jacob Mincer
Urban Poverty and Labor Force Participation: Reply pp. 194-98 Downloads
Joseph D Mooney
"Price" vs. "Tariff" Elasticities in International Trade: Comment pp. 198-200 Downloads
Wood, G Donald,
"Price" vs. "Tariff" Elasticities in International Trade: Reply pp. 200 Downloads
Mordechai Kreinin
Country Size and Trade Patterns: Comment pp. 201-04 Downloads
Bela Balassa
Country Size and Trade Patterns: Reply pp. 204 Downloads
Donald B Keesing
National Debt in a Neoclassical Growth Model: Comment pp. 205-10 Downloads
G O Bierwag, M A Grove and Chulsoon Khang
Mixed Public and Private Financing of Education: Comment pp. 210-12 Downloads
Walter Hettich
Mixed Public and Private Financing of Education: Reply pp. 212-13 Downloads
Mark V Pauly
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