Journal of Political Economy

1893 - 2025

From University of Chicago Press
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The Case of the Negative Nominal Interest Rates: New Estimates of the Term Structure of Interest Rates during the Great Depression pp. 1111-41: Stephen Cecchetti
Welfare Effects of British Free Trade: Debate and Evidence from the 1840s pp. 1142-64: Douglas Irwin
Altruism and Time Consistency: The Economics of Fait Accompli pp. 1165-82: Assar Lindbeck and Jörgen Weibull
Consumption Technology and the Intrafamily Distribution of Resources pp. 1183-1205: Reuben Gronau
Risk, Futures Pricing, and the Organization of Production in Commodity Markets pp. 1206-20: David Hirshleifer
The Efficiency of Investment in the Presence of Aggregate Demand Spillovers pp. 1221-31: Andrei Shleifer and Robert Vishny
Real Wages over the Business Cycle: Estimating the Impact of Heterogeneity with Micro Data pp. 1232-66: Michael Keane, Robert Moffitt and David Runkle
The Structure of Simple General Equilibrium Models with Frictional Unemployment pp. 1267-93: Carl Davidson, Lawrence Martin and Steven Matusz
Women's Labor Supply and Marital Choice pp. 1294-1302: Shoshana Grossbard and Shoshana Neuman
Price Dispersion and Inflation: Evidence from Israel pp. 1303-14: Theresa Van Hoomissen
Is Antitrust Enforcement Effective? Comment pp. 1315-28: Craig M Newmark

How Big Is the Random Walk in GNP? pp. 893-920: John Cochrane
The Relation between Price and Marginal Cost in U.S. Industry pp. 921-47: Robert E Hall
Physicians' Services and the Division of Labor across Local Markets pp. 948-82: James R Baumgardner
Are Consumers Ricardian? Evidence for the United States pp. 983-1004: Paul Evans
An Analysis of Congressional Voting on Legislation Limiting Congressional Campaign Expenditures pp. 1005-21: Bruce Bender
Organized Labor and the Scope of International Specialization pp. 1022-47: Robert W Staiger
Balanced Matching and Labor Market Equilibrium pp. 1048-65: Kenneth Burdett and Tara Vishwanath
Mr. Smith and the Preachers: The Economics of Religion in the Wealth of Nations pp. 1066-88: Gary M Anderson
The Probability of Gross Violations of a Present Value Variance Inequality pp. 1089-92: Robert J Shiller
The Probability of Gross Violations of a Present Value Variance Inequality: Reply pp. 1093-96: Allan W Kleidon
Urban Commuting Journeys Are Not "Wasteful." pp. 1097-110: Michelle J White

A Theory of Rational Addiction pp. 675-700: Gary Becker and Kevin Murphy
Learning by Doing and the Introduction of New Goods pp. 701-17: Nancy L Stokey
Housing Investment in the United States pp. 718-40: Robert Topel and Sherwin Rosen
Innovation and Reputation pp. 741-65: Robert A Miller
Unlimited Liability as a Barrier to Entry pp. 766-84: Jack L Carr and G Frank Mathewson
High School Graduation, Performance, and Wages pp. 785-820: Andrew Weiss
General Equilibrium with Real Time Search in Labor and Product Market s pp. 821-31: Birger Wernerfelt
Reputation and Hierarchy in Dynamic Models of Employment pp. 832-54: W. Bentley Macleod and James Malcomson
Estimates of the Returns to Quality and Coauthorship in Economic Academia pp. 855-66: Raymond D Sauer
Heterogeneity, Tournaments, and Hierarchies pp. 867-81: Sudipto Bhattacharya and J Luis Guasch
Arbitrage during the Dollar-Sterling Gold Standard, 1899-1908: An Economic Approach pp. 882-92: Pablo T Spiller and Robert O Wood

Incentives in Academics: Why Is There Tenure? pp. 453-72: Lorne Carmichael
A Nonuniform Pricing Model of Union Wages and Employment pp. 473-508: Peter Kuhn
The Division of Labor, Local Markets, and Worker Organization pp. 509-27: James R Baumgardner
Gibson's Paradox and the Gold Standard pp. 528-50: Robert Barsky and Lawrence H Summers
The Characteristics Model, Hedonic Prices, and the Clientele Effect pp. 551-67: Larry Jones
Distinguishing Panics and Information-Based Bank Runs: Welfare and Policy Implications pp. 568-92: Charles J Jacklin and Sudipto Bhattacharya
A Neoclassical Model of Unemployment and the Business Cycle pp. 593-617: James D Hamilton
Intergenerational Flows of Time and Goods: Consequences of Slowing Population Growth pp. 618-51: Ronald Lee and Shelley Lapkoff
The Institutional Framework and Economic Development pp. 652-62: Gerald W Scully
The Impact of Product Recalls on the Wealth of Sellers: A Reexamination pp. 663-70: George E Hoffer, Stephen Pruitt and Robert Reilly

Money and the Stock Market pp. 221-45: Milton Friedman
Permanent and Temporary Components of Stock Prices pp. 246-73: Eugene Fama and Kenneth French
Mathematical Vindication of Ricardo on Machinery pp. 274-82: Paul A Samuelson
Plan and Market in China's Agricultural Commerce pp. 283-307: Terry Sicular
Is Everything Neutral? pp. 308-38: B. Douglas Bernheim and Kyle Bagwell
Intertemporal Substitution in Consumption pp. 339-57: Robert E Hall
Transactions Costs and Covered Interest Arbitrage: Theory and Evidence pp. 358-70: Kevin Clinton
Why Have Some Farmers Opposed Futures Markets? pp. 371-82: B Peter Pashigian
Time and Punishment: An Intertemporal Model of Crime pp. 383-90: Michael L Davis
Accounting for Changes in Tastes pp. 391-410: James Chalfant and Julian Alston
Compensating Differentials and Self-selection: An Application to Lawyers pp. 411-28: John Goddeeris
Pickering's Collected Malthus: A Review Article pp. 429-46: Peter Groenewegen

Legal Restrictions, "Sunspots," and Peel's Bank Act: The Real Bills Doctrine versus the Quantity Theory Reconsidered pp. 3-19: Bruce D Smith
A General Index of Technical Change pp. 20-41: Badi Baltagi and James M Griffin
Employment Contracts, Influence Activities, and Efficient Organization Design pp. 42-60: Paul Milgrom
Takeover Threats and Managerial Myopia pp. 61-80: Jeremy C Stein
Normal Backwardation and the Inventory Effect pp. 81-99: Rodney D Fort and James Quirk
Bilateral Tradings as an Efficient Auction over Time pp. 100-115: Donald R Deere
A Capital Asset Pricing Model with Time-Varying Covariances pp. 116-31: Tim Bollerslev, Robert Engle and Jeffrey Wooldridge
The Industrial Organization of Congress; or, Why Legislatures, Like Firms, Are Not Organized as Markets pp. 132-63: Barry Weingast and William J Marshall
On the Optimal Pricing Policy of a Monopolist pp. 164-76: Charles A Wilson
Foresight and Public Utility Regulation pp. 177-88: Michael Gort and Richard A Wall
Maximum Hours Legislation and Female Employment: A Reassessment pp. 189-205: Claudia Goldin
Hold Your Bets: Another Look at the Efficiency of the Gambling Market for National Football League Games: Comment pp. 206-13: Raymond D Sauer, Vic Brajer, Stephen P Ferris and M Wayne Marr