American Economic Review
1969 - 2025
Current editor(s): Esther Duflo From American Economic Association Contact information at EDIRC. Bibliographic data for series maintained by Michael P. Albert (). Access Statistics for this journal.
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Volume 62, issue 5, 1972
- Production, Information Costs, and Economic Organization pp. 777-95

- Armen 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 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 Deacon
- The Prediction Performance of the FRB-MIT-PENN Model of the U.S. Economy pp. 902-17

- Charles Nelson
- Uncertain Entry and Excess Capacity pp. 918-27

- Morton I 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 Feige
- The 1972 Report of the President's Council of Economic Advisers: International Aspects pp. 517-26
- Peter 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 Phelps
- Money, Income, and Causality pp. 540-52

- Christopher A 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. 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 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 Phelps
- Learning and Productivity Change in Metal Products pp. 662-69

- Leonard Dudley
- The Number of Firms and Competition pp. 670-74

- Eugene 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 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 Hiroshi 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 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 Melvin
- An Analysis of Turning Point Forecasts pp. 724-29

- H 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 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 Chiswick
- Schooling and Earnings of Low Achievers: Comment pp. 755-59

- Stanley Masters and Thomas I 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 Kain and John Quigley
- Theory of the Firm Facing Uncertain Demand pp. 278-91

- Hayne 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 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 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 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 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 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 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 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 I 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 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 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 Aaron
- The Current State of Money and Production Theory pp. 335-43

- John 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 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 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 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. 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 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 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 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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