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.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 61, issue 5, 1971

Money and Barter in General Equilibrium with Transaction Costs pp. 773-83

Jurg Niehans

The Uses of Money: Money in the Theory of an Exchange Economy pp. 784-805

Karl Brunner and Allan Meltzer

The Supply of Rental Housing pp. 806-17

Frank de Leeuw and Nkanta F Ekanem

The Composition of International Reserve Holdings: A Problem of Choice Involving Risk pp. 818-32

John Makin

Investment in Graduate Education pp. 833-52

Yoram Weiss

Hospital Cost Inflation: A Study of Nonprofit Price Dynamics pp. 853-72

Martin Feldstein

Congestion Tolls Under Monopoly pp. 873-82

Noel M Edelson

External Diseconomies in Competitive Supply pp. 883-90

Charles J Goetz and James Buchanan

Factor Substitution and Effective Protection Reconsidered pp. 891-900

Mordechai Kreinin, James B Ramsey and Jan Kmenta

Deposit Expansion and Federal Reserve-Banking System Interaction: A Micro Unit Simulation pp. 901-15

Willard T Carleton and William R Bryan

Optimal Distributed Lag Responses and Expectations pp. 916-24

Roger Craine

The Theory of Tariffs, Taxes, and Subsidies: Some Aspects of the Second Best pp. 925-31

Trent J Bertrand and Jaroslav Vanek

The End of the North-South Wage Differential pp. 932-37

Philip Coelho and Moheb A Ghali

Subsidies, Economic Lives, and Complete Resource Misallocation pp. 938-45

Paul Taubman and Robert Rasche

Population Density in Patterns of Trade and Development pp. 956-61

Donald B Keesing and Donald R Sherk

The Elasticity of Expansion and Scale Adjustments of the Firm pp. 962-65

Dale B Truett

Monopsony in the Market for Public School Teachers pp. 966-71

John H Landon and Robert N Baird

A Set of Explicit Homothetic Production Functions pp. 980-83

Benjamin Wolkowitz

Volume 61, issue 4, 1971

The 1971 Report of the President's Council of Economic Advisers: Inflation and Recession pp. 517-21

Martin J Bailey

The 1971 Report of the President's Council of Economic Advisers: Inflation and Recession pp. 522-26

Robert Eisner

The 1971 Report of the President's Council of Economic Advisers: Priorities and Efficiency pp. 527-30

Abba P Lerner

The 1971 Report of the President's Council of Economic Advisers: Micro-Economic Aspects of Public Policy pp. 531-37

Jerome Stein

The Duopoly Game: Output Variations pp. 538-60

D K Osborne

The Private and Social Value of Information and the Reward to Inventive Activity pp. 561-74

Jack Hirshleifer

Entrepreneurial Income: How Does It Measure Up? pp. 575-85

Laurits R Christensen

Substitution, Complementarity, and the Residual Variation Around Dynamic Demand Equations pp. 586-97

Louis Phlips

Debt in the Consumer Portfolio: Evidence from a Panel Study pp. 598-613

William C Dunkelberg and Frank Stafford

Estimation of Structure-Profit Relationships with Application to the Food Processing Sector pp. 614-27

Blake Imel and Peter Helmberger

The Pareto Optimal Approach to Income Redistribution: A Fiscal Application pp. 628-37

George von Furstenberg and Dennis Mueller

Stability in Periodic Markets pp. 638-48

Norman P Obst

Officer Supply-The Impact of Pay, the Draft, and the Vietnam War pp. 649-64

Stuart H Altman and Robert Barro

The Market for a Semipublic Good: The Case of the American Economic Review pp. 665-74

Yoram Barzel

The Neo-Factor Proportions Theory of International Trade: An Empirical Investigation pp. 675-81

Thomas C Lowinger

Consumer's Surplus and Producer's Goods pp. 682-87

Richard Schmalensee

Import Controls on Foreign Oil: Tariff or Quota? pp. 688-91

George A Hay

Profits of Defense Contractors pp. 692-94

George Stigler and Claire Friedland

On the Empirical Relevancy of the Ranis-Fei Model of Economic Development: Comment pp. 695-703

Hakchung J Choo

On the Empirical Relevancy of the Ranis-Fei Model of Economic Development: Reply pp. 704-08

John C H Fei and Gustav Ranis

Incentive and Disincentive Experimentation for Income Maintenance Policy Purposes: Note pp. 709-12

Edgar Browning

Pecuniary Externalities: A Game Theoretic Analysis pp. 713-18

Martin Shubik

On the Economics of Mass Demonstrations: A Case Study of the Nov. 1969 March on Washington pp. 719-24

Cicchetti, Charles J, et al

The Graduated Fair Return: Comment pp. 725-26

C Robert Wichers

The Graduated Fair Return: A Further Comment pp. 727-29

Alvin K Klevorick

Mass Balance, General Equilibrium, and Environmental Externalities pp. 730-35

Roger Noll and John Trijonis

Externalities as Commodities pp. 736-40

Meyer, Robert A,

Stochastic Reserve Losses and Expansion of Bank Credit: Note pp. 741-45

J Phillip Cooper

Discrimination and Income Differentials: Comment pp. 746-50

Orley Ashenfelter and Michael K Taussig

Discrimination and Income Differentials: Reply pp. 751-55

James Gwartney

Volume 61, issue 3, 1971

Mexican Economic Policy in the Post-war Period: The Views of Mexican Economists pp. 1-67

Leopoldo Solis

Yugoslav Economic Policy in the Post-war Period: Problems, Ideas, Institutional Developments pp. 69-169

Branko Horvat

Optimal Taxation and Public Production II: Tax Rules pp. 261-78

Peter Diamond and James Mirrlees

A Short-Term Econometric Model of Textile Industries pp. 279-89

Roger LeRoy Miller

Information and Frictional Unemployment pp. 290-301

Reuben Gronau

The Efficient Allocation of Subsidies to College Students pp. 302-11

Stephen A Hoenack

Discrimination by Waiting Time in Merit Goods pp. 312-23

Donald Nichols, E Smolensky and T N Tideman

Optimal Mechanisms for Income Transfer pp. 324-34

Richard Zeckhauser

The Optimal Quantity of Money, Bonds, Commodity Inventories, and Capital pp. 335-49

Edgar Feige and Michael Parkin

A Utility Theory of Representative Government pp. 350-67

Edwin T Haefele

International Trade and Capital Mobility pp. 368-79

Ernest Nadel

Peasants, Procreation, and Pensions pp. 380-89

Philip A Neher

A Model of Soviet-Type Economic Planning pp. 390-406

Michael Manove

Transactions Costs and the Demand for Money pp. 407-20

Thomas R Saving

Interest Rates and the Short-Run Consumption Function pp. 421-25

Warren Weber

Unemployment and Inflation: A Cross-Country Analysis of the Phillips Curve pp. 426-29

David J Smyth

Long-Run Scale Adjustments of a Perfectly Competitive Firm and Industry: An Alternative Approach pp. 430-34

Richard Portes

Income Taxes and Incentives to Work: Some Additional Empirical Evidence pp. 435-43

D B Fields and W T Stanbury

Fiscal and Monetary Policy Reconsidered: Comment pp. 444-47

Bent Hansen

Fiscal and Monetary Policy Reconsidered: Comment pp. 448-51

John H Hotson

Fiscal and Monetary Policy Reconsidered: Comment pp. 452-53

Barbara Henneberry and James G Witte

Fiscal and Monetary Policy Reconsidered: Comment pp. 454-57

Keith Carlson

Fiscal and Monetary Policy Reconsidered: Reply pp. 458-61

Robert Eisner

More on an Empirical Definiton of Money: Note pp. 462-68

David T Hulett

Dependency Rates and Savings Rates: Comment pp. 469-71

Kanhaya L Gupta

Dependency Rates and Savings Rates: Comment pp. 472-75

Nassau A Adams

Dependency Rates and Savings Rates: Reply pp. 476-80

Nathaniel H Leff

A Property of a Closed Linear Model of Production: Note pp. 481-82

David Levhari

Economics of Production from Natural Resources: Comment pp. 483-87

Richard F Fullenbaum, Ernest W Carlson and Frederick W Bell

Economics of Production from Natural Resources: Reply pp. 488-91

Vernon Smith

Employment and Rural Wages in Egypt: A Reinterpretation pp. 492-99

James A Hanson

Employment and Rural Wages in Egypt: Reply pp. 500-08

Bent Hansen

Volume 61, issue 2, 1971

The Keynesian Revolution and the Monetarist Counter-Revolution pp. 1-14

Harry G Johnson

The Graduated Work Incentive Experiments: Current Progress pp. 15-21

Harold W Watts

The Seattle Experiment: The Combined Effect of Income Maintenance and Manpower Investments pp. 22-29

Mordecai Kurz

The Gary Income Maintenance Experiment: Plans and Progress pp. 30-38

Terence F Kelly and Leslie Singer

Current Status of Income Maintenance Experiments: Discussion pp. 39-42

James N Morgan

The Reviewers Reviewed pp. 45-52

Charles L Schultze

The State of Political Economics pp. 53-62

John G Gurley

The State of Economics: The Behavioral and Social Sciences Survey: Discussion pp. 63-65

Robert Solow

The State of Economics: The Behavioral and Social Sciences Survey: Discussion pp. 65-67

Robert L Heilbroner

The State of Economics: The Behavioral and Social Sciences Survey: Discussion pp. 67-68

Henry W Riecken

The Growth of Cable TV and Its Probable Impact on Over-The-Air Broadcasting pp. 69-73

Rolla Edward Park

Concentration of Control and the Price of Television Time pp. 74-80

John L Peterman

Program Duplication, Diversity, and Effectve Viewer Choices: Some Empirical Findings pp. 81-88

Harvey J Levin

TV Program Diversity-New Evidence and Old Theories pp. 89-93

Edward Greenberg and Harold J Barnett

Television: Old Theories, Current Facts, and Future Policies: Discussion pp. 94-100

John J McGowan and Merton J Peck

Expectations, Mergers and Equilibrium in Purely Competitive Securities Markets pp. 101-11

John Lintner

The Vertical Integration of Production: Market Failure Considerations pp. 112-23

Oliver Williamson

Conglomerate and Vertical Responses to Market Imperfection: Discussion pp. 124-25

Roland N McKean

Conglomerate and Vertical Responses to Market Imperfection: Discussion pp. 125-27

J Fred Weston

The Impact of Inflation on the Distribution of Income and Wealth pp. 128-38

Edward C Budd and David F Seiders

The Two-way Relationship between the Budget and Economic Variables pp. 139-49

Arnold H Packer

Micro Aspects of Macro Performance: Discussion pp. 150-52

John L Palmer

Micro Aspects of Macro Performance: Discussion pp. 150

Charles E Metcalf

Environmental Pollution: Economics and Policy pp. 153-66

Allen V Kneese

The Political Economy of Environmental Quality: Discussion pp. 167-69

Kenneth E Boulding

The Political Economy of Environmental Quality: Discussion pp. 169-72

Jack W Carlson

The Political Economy of Environmental Quality: Discussion pp. 172-73

Richard W Judy

The Political Economy of Environmental Quality: Discussion pp. 173-77

Marc J Roberts

Trade Policies in Developing Countries pp. 178-87

Bela Balassa

Tariff Preferences and Separable Utility pp. 188-94

Christopher Clague

Nontariff Barriers and the Export Performance of Developing Economies pp. 195-205

Ingo Walter

Commercial Policy and Less Developed Countries: Discussion pp. 206-07

Harald B Malmgren

Commercial Policy and Less Developed Countries: Discussion pp. 207-09

Stephen Guisinger

Commercial Policy and Less Developed Countries: Discussion pp. 209-10

Robert Baldwin

Methodology of Evaluating Economic Regulation pp. 211-17

Fred M Westfield

Costs and Benefits of Regulating Communications pp. 218-25

Boyd L Nelson

The Social Costs of Regulating the Railroads pp. 226-34

Ann F Friedlaender

Evaluation of Economic Regulation of Industry: Discussion pp. 235-37

Alfred Kahn

Evaluation of Economic Regulation of Industry: Discussion pp. 237-39

Larry F Darby

Evaluation of Economic Regulation of Industry: Discussion pp. 239-41

James R Nelson

The Lasting Effects of Elementary Economics Courses: Some Preliminary Results pp. 242-48

Phillip Saunders

Teaching Economics to Black Students pp. 249-55

R Grann Lloyd

Videotaped Dialogues in Economics pp. 256-59

Barry Castro

Teaching Economics: Experiments and Results: Discussion pp. 260-62

Irving Morrissett

Teaching Economics: Experiments and Results: Discussion pp. 262-64

Marcia L Halvorsen

Teaching Economics: Experiments and Results: Discussion pp. 264-65

Campbell R McConnell

Education, Technology, and the Characteristics of Worker Productivity pp. 266-79

Herbert Gintis

Teacher Characteristics and Gains in Student Achievement: Estimation Using Micro Data pp. 280-88

Eric Hanushek

Ability and Schooling as Determinants of Lifetime Earnings or If You're So Smart, Why Aren't You Rich? pp. 289-98

John C Hause

Educational Production Relationships: Discussion pp. 299-301

William T Garner

Educational Production Relationships: Discussion pp. 301-02

Roger Alcaly

Educational Production Relationships: Discussion pp. 302-04

Charles Z Wilson

Whither the Market for Academic Economists? pp. 305-10

Allan M Cartter

The Supply of Economists in the 1970's pp. 311-15

Lindsey R Harmon

Recent Behavior of Economists' Salaries pp. 316-20

Francis M Boddy

Improving the Operation of the Academic Labor Market pp. 321-26

David G Brown

A Younger Economist's Views on the Market pp. 327-33

Robert Strauss

Jurisdictional Fragmentation and Residential Choice pp. 334-39

Bryan Ellickson

Market Choices and Optimum City Size pp. 340-45

Edwin S Mills and David M Ferranti

Social Problems and the Urban Crisis: Can Public Policy Make A Difference? pp. 346-53

Worth Bateman and Harold M Hochman

Urban Growth and Development: Discussion pp. 354-55

Roland Artle

Urban Growth and Development: Discussion pp. 355-57

Stephen P Dresch

Urban Growth and Development: Discussion pp. 357-59

Anthony H Pascal

Social Risk and Financial Markets pp. 360-70

William Brainard and F T Dolbear

The Role of Insurance in the Allocation of Risk pp. 371-79

Richard Kihlstrom and Mark Pauly

Insurance, Information, and Individual Action pp. 380-87

A. Spence and Richard Zeckhauser

The Allocation of Social Risk: Discussion pp. 388-89

Martin J Bailey

The Allocation of Social Risk: Discussion pp. 389-90

Hyman Minsky

The Allocation of Social Risk: Discussion pp. 390-91

Donald D Hester

Impact of Population on Resources and the Environment pp. 392-98

Joseph L Fisher

Does Human Fertility Adjust to the Environment? pp. 399-407

Richard Easterlin

Issues in the Economics of a Population Policy for the United States pp. 408-17

Glen Cain

Population and Environment in the United States: Discussion pp. 418-19

T. Schultz

Population and Environment in the United States: Discussion pp. 419-21

Paul Demeny

Decentralized Planning Procedures and Centrally Planned Economies pp. 422-29

Richard Portes

The Hungarian Economic Reform, Past and Future pp. 430-35

Tamas Nagy

The Theory of Planning: Discussion pp. 436-37

Edward Ames

The Theory of Planning: Discussion pp. 437-39

Bella Balassa

Towards a Predictive Theory of Intergovernmental Grants pp. 440-48

David Bradford and Wallace Oates

State and Local Response to Fiscal Decentralization pp. 449-55

A James Heins

Centralization and Decentralization: The Political Economy of Public School Systems pp. 456-62

O A Davis and K O Kortanek

The Economics of Political Decentralization: Discussion pp. 463-65

Thomas E Borcherding

The Economics of Political Decentralization: Discussion pp. 463

Charles J Goetz

The Economics of Political Decentralization: Discussion pp. 465-67

Walter Williams

Volume 61, issue 1, 1971

Theoretical Assumptions and Nonobserved Facts pp. 1-7

Wassily Leontief

Optimal Taxation and Public Production: I--Production Efficiency pp. 8-27

Peter Diamond and James Mirrlees

United States Imports and Internal Pressure of Demand: 1948-68 pp. 28-47

Robert Gregory

Cropsharing Tenancy in Agriculture: A Theoretical and Empirical Analysis pp. 48-64

Pranab Bardhan and T. Srinivasan

Some Comments on the Treatment of Problems of the Inadequate Statistics in the United States: Precept and Practice pp. 64-67

C F Framingham and J A Macmillan

On the Theory of the Competitive Firm under Price Uncertainty pp. 65-73

Agnar Sandmo

The Effect of Tariffs on Production, Consumption, and Trade: A Revised Analysis pp. 74-81

James Leith

A General Disequilibrium Model of Income and Employment pp. 82-93

Robert Barro and Herschel Grossman

A Test for Relative Efficiency and Application to Indian Agriculture pp. 94-109

Lawrence J Lau and Pan A Yotopoulos

The Incidence of Social Security Payroll Taxes pp. 110-25

John A Brittain

Determinants of the Commodity Structure of U.S. Trade pp. 126-46

Robert Baldwin

Optimal Restrictions on Foreign Trade and Investment pp. 147-59

Franz Gehrels

Large Industrial Corporations and Asset Shares: Comment pp. 160-62

David R Kamerschen

Large Industrial Corporations and Asset Shares: Comment pp. 163-67

Stanley E Boyle

Large Industrial Corporations and Asset Shares: Reply pp. 168-74

David Mermelstein

Welfare Aspects of a Regulatory Constraint: Note pp. 175-78

Eytan Sheshinski

Pitfalls in Financial Model Building: Some Extensions pp. 179-86

Mark L Ladenson

Clothing Exemptions and Sales Tax Regressivity: Note pp. 187-89

David G Davies

An Economic Theory of the Second Moments of Disturbances of Behavioral Equations pp. 190-94

Henri Theil

A Neglected Social Cost of a Voluntary Military pp. 195-96

Thomas E Borcherding

On the Extension of Input-Output Analysis to Account for Environmental Externalities pp. 197-98

A O Converse

Mishan on the Gains from Trade: Comment pp. 199-201

Mel Krauss and David M Winch

Mishan on the Gains from Trade: Reply pp. 202-07

E J Mishan

Profit Constrained Revenue Maximization: Note pp. 208-09

Richard Rosenberg

Behavior of the Firm under Regulatory Constraint: Note pp. 210-12

Israel Pressman and Arthur Carol

Spectral Analysis and the Detection of Lead-Lag Relations pp. 213-17

John C Hause

Subsidized Housing in a Competitive Market: Comment pp. 218-19

Gordon Tullock

Subsidized Housing in a Competitive Market: Reply pp. 220-24

Edgar Olsen

Expectations and the Demand for Bonds: Comment pp. 225-28

Richard Roll

Expectations and the Demand for Bonds: Comment pp. 229-30

Adolf Buse

Expectations and the Demand for Bonds: Comment pp. 231

Reuben A Kessel

Expectations and the Demand for Bonds: Reply pp. 232-36

John H Wood

Output of the Restrained Firm: Comment pp. 237-39

A Ross Shepherd

Output of the Restrained Firm: Reply pp. 240

Milton Z Kafoglis

Production Indeterminacy with Three Goods and Two Factors: A Comment on the Pattern of Trade pp. 241-44

Douglas B Stewart

Production Indeterminacy with Three Goods and Two Factors: Reply pp. 245-46

James Melvin