Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 84, issue 6, 1976

A New and Superior Process for Making Social Choices pp. 1145-59

T Nicolaus Tideman and Gordon Tullock

Expectations and Exchange Rate Dynamics pp. 1161-76

Rüdiger Dornbusch

An Alternative Approach to the Analysis of Taxation pp. 1177-97

Yoram Barzel

The Successes and Failures of Professor Smith pp. 1199-1213

George J Stigler

Futures Trading and Market Information pp. 1215-37

Charles C Cox

Consequences and Causes of Public Ownership of Urban Transit Facilities pp. 1239-59

B Peter Pashigian

The Incidence and Efficiency Effects of Taxes on Income from Capital pp. 1261-83

John B Shoven

The Incidence and Efficiency Effects of Taxes on Income from Capital: A Reply pp. 1285-92

Arnold C Harberger and Neil Bruce

Optimum Replacement of Capital Goods with Labor-saving Technical Progress: A Comparison of the Early New England and British Textile Firm pp. 1293-1303

Peter Swan

Some More Problems with Income-contingent Loans: The Case of Medical Education pp. 1305-11

Roger Feldman

Policy Implication of Full-Loss-Offset Capital Gains Tax on Forward Contracts: A Note on Leland's "Optimal Forward Exchange Positions." pp. 1313-18

Dan Galai

The Social Costs of Monopoly and Regulation: Some Comments pp. 1319-23

Goran Skogh

Distribution, the Aggregate Consumption Function, and the Level of Economic Development: Some Cross-Country Results pp. 1325-34

Philip A Della Valle and Noriyoshi Oguchi

Firm Demand for Information about Price and Technology pp. 1335-41

Richard E Kihlstrom

The Desirability of Cheating Incentives and Randomness in the Optimal Income Tax pp. 1343-52

Laurence Weiss

On the Specification of the Demand for Money: The Real Rate of Return versus the Rate of Inflation pp. 1353-59

Benjamin Eden

Vindication of a "Common Mistake" in Welfare Economics pp. 1361-63

John C Panzar and Robert Willig

Vindication of a "Common Mistake" in Welfare Economics: Rejoinder pp. 1365-66

Robert Dorfman

Volume 84, issue 5, 1976

The Cobb-Douglas Production Function Once Again: Its History, Its Testing, and Some New Empirical Values pp. 903-15

Paul H Douglas

A Statistical Theory of Expenditures in Capital Maintenance and Repair pp. 917-36

George Bitros

Temporary Layoffs in the Theory of Unemployment pp. 937-57

Martin Feldstein

Interfuel Substitution in Steam Electric Power Generation pp. 959-78

Scott Atkinson and Robert Halvorsen

Money and Economic Activity in the Open Economy: The United Kingdom, 1880-1970 pp. 979-1012

Peter D Jonson

Private Pensions and Saving: New Evidence pp. 1013-32

Alicia Munnell

The Economics of Information and Retail Gasoline Price Behavior: An Empirical Analysis pp. 1033-60

Howard P Marvel

A Theory of Government Enterprise pp. 1061-77

Cotton M Lindsay

Exhaustible Resources and Industrial Structure: A Nash-Cournot Approach to the World Oil Market pp. 1079-93

Stephen W Salant

The Effect of Broadcasting on Political Campaign Spending: An Empirical Investigation pp. 1095-1107

Burton Abrams and Russell F Settle

Advertising, Concentration, and Price-Cost Margins pp. 1109-21

Allyn D Strickland and Leonard W Weiss

Market Organization and the Effect of Import Quotas: Empirical Evidence pp. 1123-31

Susumu Hondai

A Purchasing-Power-Parity Application to Demand for Money in Afghanistan pp. 1133-38

Maxwell J Fry

Volume 84, issue 4, 1976

H. Gregg Lewis and the Development of Analytical Labor Economics pp. S3-8

Albert Rees

A Life-Cycle Model of Earnings, Learning, and Consumption pp. S11-44

James J Heckman

A Theory of Life Earnings pp. S45-67

Sherwin Rosen

Wages of Very Young Men pp. S69-85

Zvi Griliches

Unemployment Effects of Minimum Wages pp. S87-104

Jacob Mincer

Employment Quotas for Minorities pp. S105-39

Finis Welch

Child Endowments and the Quantity and Quality of Children pp. S143-62

Gary Becker and Nigel Tomes

Fertility Response to Child Mortality: Micro Data from Israel pp. S163-78

Yoram Ben-Porath

Estimation of a Model of Labor Supply, Fertility, and Wages of Married Women pp. S179-99

Glen Cain and Martin Dooley

The Allocation of Time of Israeli Women pp. S201-20

Reuben Gronau

Residential Location and Labor Supply pp. S221-38

Walter Oi

Economies of Scale in U.S. Electric Power Generation pp. 655-76

Laurits R Christensen and William Greene

A Strategic Analysis of Monetary Interdependence pp. 677-700

Koichi Hamada

Migration, Age, and Education pp. 701-19

Aba Schwartz

Price Dispersion in the Government Securities Market pp. 721-40

Kenneth Garbade and William L Silber

Some Quantitative Aspects of the Economics Journal Literature pp. 741-55

Richard E Quandt

The Origin and Development of Media of Exchange pp. 757-75

Robert Jones

Alternative Stabilization Policies for Less-developed Economies pp. 777-95

Basant Kapur

Direct versus Indirect Remedies for Externalities pp. 797-808

Jerry Green and Eytan Sheshinski

Technology, Growth, and History pp. 809-20

Jeffrey Williamson

The Friedman-Savage Utility Function in Cross-cultural Perspective pp. 821-34

Frederic L Pryor

Fertility Interactions and Modernization Turning Points pp. 835-47

Paul R Gregory and Campbell, John M,

Testing the Monetary Approach to Devaluation in Developing Countries pp. 849-59

Michael Connolly and Dean Taylor

Another Advantage of the Division of Labor pp. 861-68

Nathan Rosenberg

Taxes, Spending, and Property Values: A Comment and Further Results pp. 869-80

George Richard Meadows

Do Import Levies Matter? The Case of Sweden pp. 881-91

Gary Sampson and Alexander J Yeats

Money, Interest, and Prices in Market Disequilibrium: A Comment pp. 893-94

George H Blackford

Volume 84, issue 3, 1976

Inflation Uncertainty and Expected Returns on Treasury Bills pp. 427-48

Eugene Fama

Human Capital and Labor Supply: A Synthesis pp. 449-72

Alan Blinder and Yoram Weiss

An Economic Analysis of Eminent Domain pp. 473-97

Patricia Munch

Economically Rational Expectations: Are Innovations in the Rate of Inflation Independent of Innovations in Measures of Monetary and Fiscal Policy? pp. 499-522

Edgar Feige and Douglas Pearce

Uncertainty, Waiting Time, and Capacity Utilization: A Stochastic Theory of Product Quality pp. 523-41

Arthur S De Vany

Project Evaluation, Shadow Prices, and Trade Policy pp. 543-52

Ronald Findlay and Stanislaw Wellisz

National Health Insurance: Some Costs and Effects of Mandated Employee Coverage pp. 553-71

Bridger M Mitchell and Charles E Phelps

The New Contractarians pp. 573-90

Scott Gordon

The Effect of Unemployment Compensation on a Seasonal Industry: Agriculture pp. 591-602

Barry Chiswick

A Dynamic Model of the Firm pp. 603-13

Arvind Virmani

Multilateral and Bilateral Measures of Effective Exchange Rates in a World Model of Traded Goods pp. 615-21

Stanley Black

Triangular Graphs pp. 623-30

Joe Latham

The Observational Equivalence of Natural and Unnatural Rate Theories of Macroeconomics pp. 631-40

Thomas Sargent

Measuring Gains and Losses pp. 641-46

George W McKenzie

The Effects of Property Taxes and Local Public Spending on Property Values: A Theoretical Comment pp. 647-50

Bruce W Hamilton

Volume 84, issue 2, 1976

A Classical Macroeconometric Model for the United States pp. 207-37

Thomas Sargent

Economic Development in Communist China pp. 239-64

Colin Clark

A Stochastic Model of Applied Research pp. 265-81

Robert E Evenson and Yoav Kislev

The Marginal Cost of Public Funds pp. 283-98

Edgar Browning

A Model of Optimal Human-Capital Accumulation and the Wages of Young High School Graduates pp. 299-316

Charles Brown

Determining Legislative Preferences on the Minimum Wage: An Economic Approach pp. 317-29

Jonathan I Silberman and Garey Durden

Perceived Wealth in Bonds and Social Security: A Comment pp. 331-36

Martin Feldstein

Barro on the Ricardian Equivalence Theorem pp. 337-42

James Buchanan

Reply to "Perceived Wealth in Bonds and Social Security" and "Barro on the Ricardian Equivalence Theorem." pp. 343-49

Robert Barro

Earnings and Individual Variations in Postschool Human Investment pp. 351-58

Charles B Knapp and W Lee Hansen

The Conundrum of the Low Issue of National Bank Notes pp. 359-67

John James

Autocorrelated Growth Rates and the Pareto Law: A Further Analysis pp. 369-80

Vining, Daniel R,

It Takes Two to Tango, or Sind "Separable Externalities" Vberhaupt Moglich? pp. 381-87

William Baumol

A Note on Tariffs, Nontariff Barriers, and Labor Protection in United States Manufacturing Industries pp. 389-94

John H Cheh

Import Instability and Tariffs: Some Welfare Implications of Price Stabilization pp. 395-400

Toshihisa Toyoda

The Leff Conjecture: Some Contrary Evidence pp. 401-05

Hanson, John R,

A Note on Risk, Return, and Equilibrium: Empirical Tests pp. 407-09

Menachem Brenner

Volume 84, issue 1, 1976

Three-and-a-Half Million U.S. Employees Have Been Mislaid: Or, an Explanation of Unemployment, 1934-1941 pp. 1-16

Michael Darby

Tariffs and Income Distribution: Some Empirical Evidence for the United States pp. 17-45

David Burgess

Age, Experience, Earnings, and Investments in Human Capital pp. 47-72

N. Anders Klevmarken and John Quigley

Money Illusion and Balance-of-Payments Adjustment pp. 73-82

J C Murphy and S K Das

The Economic Value of Statute Reform: The Case of Liberalized Abortion pp. 83-99

Timothy A Deyak and V Kerry Smith

Destabilizing Speculation: A General Equilibrium Approach pp. 101-08

Harry G Johnson

Pareto: A View of the Present through the Past pp. 109-22

Vincent J Tarascio

Economics in Dialectical Dialect pp. 123-30

Martin Bronfenbrenner

Some Evidence on the Factor Content of West Germany's Foreign Trade pp. 131-41

Robert M Stern

The Property Rights Theory of the Firm: Empirical Results from a Natural Experiment pp. 143-52

Harry Frech

Thornton's Estimates of Efficiency Losses in Soviet Industry: Some Fixed-Point-Method Recalculations pp. 153-59

John Whalley

Sharing Risks of Deferred Payment pp. 161-68

Steven Shavell

An Inquiry into the Economics of Race-Track Gambling pp. 169-77

Arthur Gruen

Currency Denominations and the Price Level pp. 179-83

Chau-nan Chen