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American Economic Review

1969 - 2018

Current editor(s): Esther Duflo

From American Economic Association
Contact information at EDIRC.

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Volume 60, issue 5, 1970

Income Taxes and Housing pp. 789-806 Downloads
Henry Aaron
The Factor Price Frontier with Embodied Technical Progress pp. 807-13 Downloads
David Levhari and Eytan Sheshinski
Resource Allocation with Increasing Returns to Scale pp. 814-25 Downloads
Trout Rader
Dynamic Optimization and Economic Policy pp. 826-36 Downloads
Eisuke Sakakibara
The Simple Economics of Incentive Contracting pp. 837-46 Downloads
J J McCall
Job Search, the Duration of Unemployment, and the Phillips Curve pp. 847-62 Downloads
Dale Mortensen
Value-Added and Factor Productivity in Soviet Industry pp. 863-71 Downloads
Judith Thornton
Changes in the Nonwhite/White Income Ratio-1939-67 pp. 872-83 Downloads
James Gwartney
Durability of Consumption Goods pp. 884-94 Downloads
Peter Swan
Agricultural Productivity Differences Among Countries pp. 895-911 Downloads
Yujiro Hayami and Vernon Ruttan
The Neoclassical Theory of Technical Progress pp. 912-23 Downloads
Winston Chang
Measuring Economic Stabilization: 1955-65 pp. 924-33 Downloads
Wayne W Snyder
$45 Billion of U. S. Private Investment Has Been Mislaid: Comment pp. 934-39 Downloads
George Jaszi
$45 Billion of U. S. Private Investment Has Been Mislaid: Reply pp. 940-45 Downloads
Robert Gordon
Liability in Law and Economics: Note pp. 946-48 Downloads
Thomas E Borcherding
On Navigating the Navigation Acts with Peter D. McClelland: Comment pp. 949-55 Downloads
Reid, Joseph D,
On Navigating the Navigation Acts with Peter D. McClelland: Reply pp. 956-58 Downloads
Peter D McClelland
Tariffs, Intermediate Goods and Domestic Protection: Comment pp. 959-63 Downloads
Bela Balassa
Tariffs, Intermediate Goods, and Domestic Protection: Reply pp. 964-67 Downloads
Roy J Ruffin
Tariffs, Intermediate Goods and Domestic Protection: Further Comment pp. 968-69 Downloads
Bela Balassa
The Cost of Ending the Draft: Comment pp. 970-78 Downloads
Ben Klotz
The Cost of Ending the Draft: Reply pp. 979-83 Downloads
Anthony C Fisher
International Capital Movements and Monetary Equilibrium: Comment pp. 984
H Robert Heller
International Capital Movements and Monetary Equilibrium: Reply pp. 985-87 Downloads
John Floyd
Pareto Optimal Redistribution: Comment pp. 988-90 Downloads
Paul A Meyer and J J Shipley
Pareto Optimal Redistribution: Comment pp. 991-93 Downloads
Richard A Musgrave
Pareto Optimal Redistribution: Comment pp. 994-96 Downloads
Robert Goldfarb
Pareto Optimal Redistribution: Reply pp. 997-1002 Downloads
Harold M Hochman and James D Rodgers
Substitution and Two Concepts of Effective Rate of Protection: Comment pp. 1003-04 Downloads
Herbert Grubel and Peter J Lloyd
Substitution and Two Concepts of the Effective Rate of Protection: Reply pp. 1005-07 Downloads
James Anderson and Seiji Naya
Investment Functions: Which Production Function? pp. 1008-12 Downloads
J C R Rowley
Transport Costs, Tariffs, and the Pattern of Industrial Protection pp. 1013-20 Downloads
Waters, W G,

Volume 60, issue 4, 1970

Production, Price, and Inventory Theory pp. 531-45
George A Hay
Returns from Investment in Human Capital pp. 546-60 Downloads
Thomas Johnson
Measurement of Portfolio Performance Under Uncertainty pp. 561-75 Downloads
Irwin Friend and Marshall E Blume
Production and Investment in Natural Resource Industries pp. 576-90 Downloads
Oscar R Burt and Ronald G Cummings
The Effect of Interest Rates on Aggregate Consumption pp. 591-600 Downloads
Warren Weber
Expectations and the Structure of Share Prices pp. 601-17 Downloads
Burton G Malkiel and John G Cragg
Export Instability and Economic Structure pp. 618-30 Downloads
Benton F Massell
Inflation, Unemployment, and Economic Welfare pp. 631-41 Downloads
Roger Waud
Constraints on Public Action and Rules for Social Decision pp. 642-54 Downloads
David Bradford
The Demand for International Reserves pp. 655-67 Downloads
Michael G Kelly
International Diversification of Investment Portfolios pp. 668-75 Downloads
Haim Levy and Marshall Sarnat
Soviet Postwar Economic Growth and Capital-Labor Substitution pp. 676-92 Downloads
Martin Weitzman
The Peak Load Problem with Increasing Returns and Pricing Constraints pp. 693-705 Downloads
Herbert Mohring
Manpower Programs in a Local Labor Market: A Theoretical Note pp. 706-09 Downloads
Daniel Hamermesh and Robert Goldfarb
Managerial Pay and Corporate Performance pp. 710-20 Downloads
Wilbur G Lewellen and Blaine Huntsman
Devaluation Risk and Forward Exchange Theory pp. 721-27 Downloads
Don Schilling
On the Measurement of Import Substitution pp. 728-35 Downloads
Samuel A Morley and Gordon W Smith
The Optimum Lifetime Distribution of Consumption Expenditures: Comment pp. 736-37 Downloads
Kan Hua Young
The Optimum Lifetime Distribution of Consumption Expenditures: Comment pp. 738-43 Downloads
Brian Motley and Samuel A Morley
The Optimum Lifetime Distribution of Consumption Expenditures: Reply pp. 744-45 Downloads
Lester Thurow
Tax Policy and Investment Behavior: Further Comment pp. 746-52 Downloads
Robert Eisner
Capital Mobility in a Tariff-Ridden International Economy pp. 753-60 Downloads
James J Rakowski
Factor Mobility and International Trade: The Case of Complementarity pp. 761-67 Downloads
Andrew Schmitz and Peter Helmberger
A Note on Equality of Educational Opportunity pp. 768-71 Downloads
Lewis C Solmon

Volume 60, issue 3, 1970

Optimal Departures from Marginal Cost Pricing pp. 265-83 Downloads
William Baumol and David Bradford
On Optimal Taxes With an Untaxable Sector pp. 284-94 Downloads
Abba P Lerner
On the Optimum Structure of Commodity Taxes pp. 295-301 Downloads
Avinash Dixit
A Diagramatic Exposition of Optimal Growth pp. 302-09 Downloads
Nissan Liviatan
Marginal Cost Pricing of Airport Runway Capacity pp. 310-19 Downloads
Alan Carlin and Rolla Edward Park
A Growth Model of International Direct Investment pp. 320-31 Downloads
Hans Brems
Land and Economic Growth pp. 332-40 Downloads
Donald Nichols
Cross-Section and Time-Series Tests of the Permanent-Income Hypothesis pp. 341-51
Julian L Simon and Dennis J Aigner
Absenteeism and the Overtime Decision pp. 352-57
Ronald Ehrenberg
Complementarity and Stability of Equilibrium pp. 358-63 Downloads
James P Quirk
Uncertainty and the Evaluation of Public Investment Decisions pp. 364-78
Kenneth Arrow and Robert C Lind
Hospital Cost Functions pp. 379-95 Downloads
Judith R Lave and Lester Lave
Discrimination and Income Differentials pp. 396-408 Downloads
James Gwartney
Schooling and Earnings of Low Achievers pp. 409-18 Downloads
W Lee Hansen, Burton A Weisbrod and William J Scanlon
A Simple Algebraic Logrolling Model pp. 419-26 Downloads
Gordon Tullock
The Revenue Maximization Oligopoly Model: Comment pp. 427-28 Downloads
Milton Z Kafoglis and Robert C Bushnell
The Revenue Maximization Oligopoly Model: Comment pp. 429-32 Downloads
C J Hawkins
The Revenue Maximization Oligopoly Model: Reply pp. 433-34 Downloads
Robert Haveman and Gilbert DeBartolo
Distributional Equality and Aggregate Utility: Comment pp. 435-41
William Breit and Culbertson, William P,
Distributional Equality and Aggregate Utility: Reply pp. 442-43 Downloads
A P Lerner
Allais' Restatement of the Quantity Theory: Comment pp. 444-46 Downloads
Michael Darby
Allais' Restatement of the Quantity Theory: Reply pp. 447-56 Downloads
Maurice Allais
Third-Degree Stochastic Dominance pp. 457-59 Downloads
G A Whitmore
Does Futures Trading Reduce Price Fluctuations in the Cash Markets? pp. 460-64 Downloads
Mark J Powers
International Differences in Capital-Output Ratios pp. 465-77
Nicholas V Gianaris
A Fisherian Approach to Trade, Capital Movements, and Tariffs pp. 478-84 Downloads
Michael Connolly and Stephen Ross
Public Utility Pricing and Output Under Risk: Comment pp. 485-86 Downloads
Ralph Turvey
Public Utility Pricing and Output Under Risk: Comment pp. 487-88
David Salkever
Public Utility Pricing and Output Under Risk: Reply pp. 489-90 Downloads
M Bruce Johnson and Brown, Gardner,
Imperfect Asset Elasticity and Portfolio Theory pp. 491-94
Michael A Klein
Land in Fellner's Model of Economic Growth: Comment pp. 495-99 Downloads
Roger A McCain
Land in Fellner's Model of Economic Growth: Reply and Further Observation pp. 500-01 Downloads
William Fellner
Realized Interest Rates and Bondholders' Returns pp. 502-11 Downloads
Roman L Weil
The Efficient Production of External Economies pp. 512-17 Downloads
Mancur Olson and Richard Zeckhauser
A Simple Model of Replenishable Natural Resource Exploitation pp. 518-22
C G Plourde

Volume 60, issue 2, 1970

The Economics of Production pp. 1-9
Georgescu-Roegen, Nicholas
A Model of Nonresidential Construction in the United States pp. 10-17 Downloads
Charles Bischoff
Tax Policy and Investment Expenditures in a Model of General Equilibrium pp. 18-22 Downloads
Laurits R Christensen
Capacity, Overtime, and Empirical Production Functions pp. 23-27 Downloads
Robert Lucas
Investment Behavior: Discussion pp. 28-29 Downloads
Arnold Harberger
Investment Behavior: Discussion pp. 29-30
Vernon Smith
Investment Behavior: Discussion pp. 30-31 Downloads
Bristol, Ralph B,
Indicators of Monetary Policy: The Arguments and the Evidence pp. 32-39 Downloads
Michael J Hamburger
The Choice of Optimal Intermediate Economic Targets pp. 40-46 Downloads
Robert S Holbrook and Harold Shapiro
Implications of Four Econometric Models for the Indicators Issue pp. 47-54 Downloads
Richard Zecher
Money Within the General Framework of the Economic System: Discussion pp. 55-56 Downloads
Peter A Frost
Money Within the General Framework of the Economic System: Discussion pp. 56-57
Leonall C Andersen
Money Within the General Framework of the Economic System: Discussion pp. 57-58
Thomas Sargent
Planning with Facts: The Case of Korea pp. 59-64 Downloads
Roger D Norton
Quantized Preferences and Planning by Priorities pp. 65-69 Downloads
Thomas Vietorisz
A Dynamic Five-Sector Model for Turkey, 1967-82 pp. 70-75 Downloads
Charles R Blitzer, Hikmet Celin and Alan Manne
An Empirical Test of Interregional Input-Output Models: Estimation of 1963 Japanese Production pp. 76-82 Downloads
Karen R Polenske
Industrial Organization: Past History and Future Problems pp. 83-89 Downloads
E T Grether
Industrial Organization: Price Models and Public Policy pp. 90-99 Downloads
Eugene M Singer
Industrial Organization: The Role and Contribution of Econometrics pp. 100-04 Downloads
Henry G Grabowski and Dennis Mueller
Industrial Organization: Retrospect and Prospect: Discussion pp. 105-06 Downloads
Peter Asch
Industrial Organization: Retrospect and Prospect: Discussion pp. 106-07
Almarin Phillips
Industrial Organization; Retrospect and Prospect: Discussion pp. 107-08 Downloads
James W McKie
New Dimensions for Transnational Marine Resources pp. 109-13 Downloads
Christy, Francis T,
The Economies of Congestion and Pollution: An Integrated View pp. 114-21 Downloads
Jerome Rothenberg
Foreign Enterprises and Developing Nations in the Raw Materials Industries pp. 122-26 Downloads
Raymond Vernon
New Dimensions in Natural Resources: Discussion pp. 127-28 Downloads
Richard Nelson
New Dimensions in Natural Resources: Discussion pp. 128-29
Chandler Morse
New Dimensions in Natural Resources: Discussion pp. 129-31
Marshall Hall
Data, Research, and Government pp. 132-37 Downloads
Guy H Orcutt
Microdata, Economic Research, and the Production of Economic Knowledge pp. 138-48 Downloads
F. Juster
A System of Information Centers for Research and Decision Making pp. 149-65 Downloads
Charles C Holt
Basic Data for Policy and Public Decisions: Technical Aspects: Discussion pp. 166-67 Downloads
William Sharpe
Basic Data for Policy and Public Decisions: Technical Aspects: Discussion pp. 167-68
Edwin Kuh
Basic Data for Policy and Public Decisions: Technical Aspects: Discussion pp. 167
Richard Ruggles
Planning the Foreign Sector in Latin America pp. 169-79 Downloads
Diaz-Alejandro, Carlos F
From Causation to Decision: Planning as Politics pp. 180-85 Downloads
Stephen S Cohen
Planning Within the Firm pp. 186-94 Downloads
Joseph L Bower
Planning in Free Enterprise Economies: Discussion pp. 195
John Sheahan
Planning in Free Enterprise Economies: Discussion pp. 196-97
Jesse W Markham
Planning in Free Enterprise Economies: Discussion pp. 197-98
Robert A Solo
The Single-entity Proposal for International Telecommunications pp. 199-203
Merton J Peck
Technological Advance and Market Structure in Domestic Telecommunications pp. 204-08 Downloads
Leland L Johnson
Spectrum Allocation without Market pp. 209-18
Harvey J Levin
National Communications Policy: Discussion pp. 219-20 Downloads
Alfred Kahn
National Communications Policy: Discussion pp. 220-22 Downloads
Roger Noll
National Communications Policy: Discussion pp. 222-23 Downloads
William H Meckling
National Communications Policy: Discussion pp. 223-24
William K Jones
Modern Imperialism: The View from the Metropolis pp. 225-30 Downloads
Richard D Wolff
The Structure of Dependence pp. 231-36 Downloads
Theotonio Dos Santos
Militarism and Imperialism pp. 237-42 Downloads
Harry Magdoff
Economics of Imperialism: Discussion pp. 243-44 Downloads
Stephen Hymer
Economics of Imperialism: Discussion pp. 244-45
Victor Perlo
Economics of Imperialism: Discussion pp. 245-46
Arthur MacEwan
Postwar Changes in the Size Distribution of Income in the U.S pp. 247-60 Downloads
Edward C Budd
Analyzing the American Income Distribution pp. 261-69 Downloads
Lester Thurow
Transfer Approaches to Distribution Policy pp. 270-79 Downloads
Robert J Lampman
Distribution Issues: Trends and Policies pp. 280-81 Downloads
Michael K Taussig
Distribution Issues: Trends and Policies: Discussion pp. 281-83
T. Schultz
Distribution Issues: Trends and Policies: Discussion pp. 283-85
Stephan Michelson
Variability of Economic Well-being and Its Determinants pp. 286-95 Downloads
James D Smith and Morgan James N
Dynamics of Income Distribution: Poverty and Progress: Discussion pp. 296-97 Downloads
Arthur M Okun
Dynamics of Income Distribution: Poverty and Progress: Discussion pp. 297-98
William Branson
Dynamics of Income Distribution: Poverty and Progress: Discussion pp. 298-99
Michael J Piore
The Rise and Fall of Economic Reform in Czechoslovakia pp. 300-06 Downloads
Oldrich Kyn
Economic Reforms in Hungary pp. 307-13 Downloads
Richard Portes
Growth Performance of Eastern European Economies and Comparable Western European Countries pp. 314-20 Downloads
Bela Balassa and Trent J Bertrand
Market and Price Mechanism in Socialist Countries pp. 321-23 Downloads
John M Montias
Market and Price Mechanism in Socialist Countries: Discussion pp. 323-24
Branko Horvat
Market and Price Mechanism in Socialist Countries: Discussion pp. 324-25
Evsey D Domar
Demand and Supply in U. S. Higher Education: A Progress Report pp. 326-34 Downloads
Roy Radner and L S Miller
Income Distribution Effects of Higher Education pp. 335-40 Downloads
W Lee Hansen
Resource Allocation in Higher Education pp. 341-46
J A Kershaw and A M Mood
Economics of Education: Discussion pp. 347-48 Downloads
William G Bowen
Economics of Education: Discussion pp. 348-49
Allan M Cartter
Economics of Education: Discussion pp. 349-50
Karl A Fox
Economics of Education: Discussion pp. 350-51
W Allen Wallis
A Radical Approach to Economics: Basis for a New Curriculum pp. 352-63
Richard C Edwards and Arthur MacEwan
Economic Efficiency and the Distribution of Benefits from College Instruction pp. 364-69
W Lee Hansen, Allen C Kelley and Burton A Weisbrod
A Retrospective Look at Undergraduate Economics pp. 370-75 Downloads
Ben W Lewis
The Teaching of Economics: Discussion pp. 376
Paul M Sweezy
The Teaching of Economics: Discussion pp. 376-78 Downloads
Phillip Saunders
The Teaching of Economics: Discussion pp. 378-79
John R Coleman
Stochastic Stability of a General Equilibrium Model pp. 380-84 Downloads
E Roy Weintraub
Farmer's Response to Price in Underdeveloped Areas: The Nicaraguan Case pp. 385-92 Downloads
Pedro Belli
Equilibrium Growth and Capital Movements between Open Economies pp. 393-97 Downloads
Myron G Myers
Applications of Engineering Analysis of Production to Econometric Models of the Firm pp. 398-402 Downloads
Anderson, Robert J,
Invited Doctoral Dissertations: Discussion pp. 403
Lionel McKenzie
Invited Doctoral Dissertations: Discussion pp. 403-04 Downloads
Lowell S Hardin and G E Schuh
Invited Doctoral Dissertations: Discussion pp. 404-05
Ronald W Jones
Is Economics Culture-bound? pp. 406-11 Downloads
Kenneth E Boulding
Recommendations from Nashville Conference on Economic Curriculum in Black Colleges pp. 412-15 Downloads
Flournoy Coles
An Affirmative Action Plan for the Economics Profession pp. 416-23 Downloads
Cleveland A Chandler
The Di-unital Approach to 'Black Economics.' pp. 424-29 Downloads
Vernon J Dixon
International Trade in Inputs and Outputs pp. 430-34 Downloads
Robert Baldwin
Technology Transfer Through the International Firm pp. 435-40
Jack Baranson
The Efficiency (Contradictions) of Multinational Corporations pp. 441-48 Downloads
Stephen Hymer
The International Firm and Efficient Economic Allocation: Discussion pp. 449-50 Downloads
Thomas D Willett
The International Firm and Efficient Economic Allocation pp. 450-51
Stefan H Robock
The International Firm and Efficient Economic Allocation: Discussion pp. 451-53
Ronald McKinnon
Problems in the Theory of Markets under Uncertainty pp. 454-60 Downloads
Roy Radner
New Ideas in Pure Theory: Discussion pp. 461-62 Downloads
Ruth P Mack
New Ideas in Pure Theory: Discussion pp. 462-63
Kenneth Arrow
New Ideas in Pure Theory: Discussion pp. 463-64
Trout Rader
The Economy of Cities: Discussion pp. 465-68
Karl A Fox
The Economy of Cities: Discussion pp. 466-67
David S Mundel
The Economy of Cities: Discussion pp. 467-68
Warner, Sam Bass,
Economics as a System of Belief pp. 469-78 Downloads
John Kenneth Galbraith
Economics in the Industiral State: Science and Sedative: Discussion pp. 479-81 Downloads
Eli Goldston
Economics in the Industrial State: Science and Sedative: Discussion pp. 481-84
Harold Demsetz

Volume 60, issue 1, 1970

Trends in the Activities Generating Technological Progress pp. 1-29 Downloads
William Fellner
About the Growth Path of Firms pp. 30-43 Downloads
Romesh K Diwan
Portfolio Choice, Investment and Growth pp. 44-63 Downloads
Duncan Foley and Miguel Sidrauski
Toward a Theory of Nonprofit Institutions: An Economic Model of a Hospital pp. 64-74 Downloads
Joseph Newhouse
Cyclical Variation in the Interindustry Wage Structure pp. 75-84 Downloads
Michael L Wachter
Monetary Growth Theory in Perspective pp. 85-106 Downloads
Jerome Stein
Differential Tariffs, Negative Value-Added and the Theory of Effective Protection pp. 107-16 Downloads
Augustine H H Tan
A Geometric Treatment of Averch-Johnson's Behavior of the Firm Model pp. 117-25 Downloads
E E Zajac
Migration, Unemployment & Development: A Two-Sector Analysis pp. 126-42 Downloads
John R Harris and Michael P Todaro
On the Economic Welfare of Victims of Automobile Accidents pp. 143-52 Downloads
R A Holmes
Production Scheduling, Intermediate Goods, and Labor Productivity pp. 153-62 Downloads
W H Locke Anderson
Multiperiod Consumption-Investment Decisions pp. 163-74 Downloads
Eugene Fama
The Life Cycle Hypothesis: A Reinterpretation and Empirical Test pp. 175-83 Downloads
Michael Landsberger
Labor Migration and Urban Unemployment: Comment pp. 184-86 Downloads
Paul Zarembka
Labor Migration and Urban Unemployment: Reply pp. 187-88 Downloads
Michael P Todaro
The 1967 Peruvian Exchange Crisis: A Note pp. 189-94 Downloads
Laurence B Morse
Risk and the Social Rate of Discount pp. 195-98 Downloads
Mark V Pauly
A Nonlinear Test of the Random-Walk Hypothesis pp. 199-202 Downloads
R L Crouch
IS,LM, and External Equilibrium: A Graphical Analysis pp. 203-08 Downloads
Dwayne Wrightsman
Reserve Policies of Central Banks: Comment pp. 209-10 Downloads
John Makin
Reserve Policies of Central Banks: Reply pp. 211-12 Downloads
Helmut A Hagemann
Maximum Bias in Social Saving Estimates Using Prices pp. 212-15 Downloads
Lloyd J Mercer
The Structure of the Money-Expenditures Relationship: Comment pp. 216-19 Downloads
Dwight M Jaffee
The Structure of the Money-Expenditures Relationship: Reply pp. 220-21 Downloads
Sam Peltzman
An Econometric Model of Development: Comment pp. 222-26 Downloads
Sara S Berry
An Econometric Model of Development: Comment pp. 227-35 Downloads
Peter Eckstein
An Econometric Model of Development: Reply pp. 236-48 Downloads
Irma Adelman and Cynthia Taft Morris
The Effect of Income on Delinquency: Comment pp. 249-56 Downloads
John C Weicher
The Effect of Income on Delinquency: Reply pp. 257 Downloads
Belton Fleisher
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