Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 83, issue 6, 1975

Money Balances, Commodity Inventories, and Inflationary Expectations pp. 1093-1112

Herschel Grossman and Andrew J Policano

An Equilibrium Model of the Business Cycle pp. 1113-44

Robert Lucas

The Theory of Welfare Cost Measurement pp. 1145-82

John C Hause

Implicit Contracts and Underemployment Equilibria pp. 1183-1202

Costas Azariadis

Microeconomic Aspects of the Demographic Transition pp. 1203-16

Donald J O'Hara

A Simultaneous-Equations Model of Savings in Developing Countries pp. 1217-28

Nathaniel H Leff and Kazuo Sato

Efficiency of the Natural Rate pp. 1229-36

Edward Prescott

The Effect of Right-to-Work Laws on Unionization in the United States pp. 1237-48

Keith G Lumsden and Craig H Petersen

The Canadian Wheat Boom and Per Capita Income: New Estimates pp. 1249-57

Frank Lewis

The Chinese Hyperinflation Reexamined pp. 1259-67

J M Babcock and G E Makinen

In Defense of the Average Concentration Ratio pp. 1269-76

John Siegfried

Individual Liberalism in a Paretian Society pp. 1277-81

Ben Fine

On Liberalism and the Pareto Principle pp. 1283-87

D K Osborne

Competitive Firm and the Theory of Input Demand under Price Uncertainty: Comment pp. 1289-90

Richard Hartman

The Consequences of Journal Editorial Policies and a Suggestion for Revision pp. 1291-95

Edgar Feige

Volume 83, issue 5, 1975

On the Long-Run Transformation Curve or Growth Theory Simplified pp. 883-921

Maria Constantopoulos

Slavery, Incentives, and Manumission: A Theoretical Model pp. 923-33

Ronald Findlay

The Rate of Surplus Value in Puerto Rico pp. 935-49

Edward Wolff

What Is an Article Worth? pp. 951-67

Howard P Tuckman and Jack Leahey

Informational Asymmetry, Bidding Strategies, and the Marketing of Offshore Petroleum Leases pp. 969-85

David Hughart

Family Structures and Family Values in the Theory of Income Distribution pp. 987-1008

Tsuneo Ishikawa

Monetary Policy during a Transition to Rational Expectations pp. 1009-21

John Taylor

The Theory of Share Tenancy Revisited pp. 1023-32

J C Hsiao

John Stuart Mill's Methodology pp. 1033-49

J K Whitaker

The Influence of Economists in Parliament of British Legislation from Ricardo to John Stuart Mill pp. 1051-64

Frank Whitson Fetter

On the Welfare Aspects of International Migration pp. 1065-72

Carlos Rodríguez

Should a Managed Float Use Reserve Levels of Exchange Rate Goals?: An Interesting Parallel with Domestic Monetary Policy pp. 1073-76

David A Bowers

International Capital Flows and Portfolio Equilibrium: Comment pp. 1077-80

Paul De Grauwe

Friedman's Bias in Growth Statistics and U.S. Interregional Migration pp. 1081-82

Billy J Eatherly

Volume 83, issue 4, 1975

The Effects of Automobile Safety Regulation pp. 677-725

Sam Peltzman

The Primitive Hunter Culture, Pleistocene Extinction, and the Rise of Agriculture pp. 727-55

Vernon L Smith

Pressure Groups and the Pattern of Tariffs pp. 757-78

Jonathan Pincus

Inflation-free Pricing Rules for a Generalized Commodity-Reserve Currency pp. 779-90

Jon C Luke

Benefits and Costs of New York City's Middle-Income Housing Program pp. 791-805

Joseph S DeSalvo

The Social Costs of Monopoly and Regulation pp. 807-27

Richard Posner

Tobin on Macroeconomics: A Review Article pp. 829-47

Herschel Grossman

A Note on the Rationality of the Livingston Price Expectations pp. 849-58

James Pesando

Exchange-Rate Movements and Economic Development in the Late Nineteenth Century: A Critique pp. 859-62

Hanson, John R,

Note on a Common Mistake in Welfare Economics pp. 863-64

Robert Dorfman

The Effect of Race on the Flight to the Suburbs pp. 865

Joseph Parvin

Inflation, Unemployment, and Presidential Tenure pp. 867-72

Martin Krakowski

Volume 83, issue 3, 1975

Distribution Effects and the Aggregate Consumption Function pp. 447-75

Alan Blinder

The Citation Practices of Doctorates in Economics pp. 477-507

George J Stigler and Claire Friedland

The Demand for Index Bonds pp. 509-34

Stanley Fischer

Demography, Technology, and Higher Education: Toward a Formal Model of Educational Adaptation pp. 535-69

Stephen P Dresch

The Production and Distribution of Cognitive Skills within Schools pp. 571-93

Byron W Brown and Daniel H Saks

Nonmonetary Factors in the Demand for Medical Services: Some Empirical Evidence pp. 595-614

Jan Paul Acton

Wealth Effect on the Demand for Money pp. 615-31

Vikas Chitre

On the General Equilibrium Analysis of Tax Incidence pp. 633-44

J Gregory Ballentine and Ibrahim Eris

Peak-Load Pricing under Regulatory Constraint: A Proof of Inefficiency pp. 645-54

Leonard Waverman

"An Evaluation of Consumer Protection Legislation: The 1962 Drug Amendments": A Comment pp. 655-61

Thomas McGuire, Richard Nelson and Thomas Spavins

"An Evaluation of Consumer Protection Legislation: The 1962 Drug Amendments": A Reply pp. 663-67

Sam Peltzman

Volume 83, issue 2, 1975

"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule pp. 241-54

Thomas Sargent and Neil Wallace

The Relevance of the Household Production Function and Its Implications for the Allocation of Time pp. 255-77

Robert Pollak and Michael L Wachter

Capital-Skill Complementarity, Income Distribution, and Output Accounting pp. 279-301

P R Fallon and Richard Layard

On Two Specifications of Asset Equilibrium in Macroeconomic Models pp. 303-24

Duncan Foley

Covered Interest Arbitrage: Unexploited Profits? pp. 325-38

Jacob A Frenkel and Richard M Levich

Strategic Considerations in the Richardson Model of Arms Races pp. 339-53

Michael Intriligator

Unemployment, Underemployment, and Optimal Job Search pp. 355-75

B. Eaton and Philip A Neher

Collective Choice and General Fund Financing pp. 377-90

Edgar Browning

Keynes and the Economic Activists of Pre-Hitler Germany pp. 391-405

George Garvy

More on Windfall Income and Consumption pp. 407-17

Tong Hun Lee

Benefit-Cost Shadow Pricing in Open Economies: An Alternative Approach pp. 419-30

Robin Boadway

On the Indirect Productivity of Money pp. 431-36

Emil-Maria Claassen

Volume 83, issue 1, 1975

Production Technologies of the U.S. Boiler and Turbogenerator Industries and Hedonic Price Indexes for Their Products: A Cost-Function Approach pp. 1-26

Makoto Ohta

Household Allocation of Time and Church Attendance pp. 27-56

Corry Azzi and Ronald Ehrenberg

Substitution among Capital, Labor, and Natural Resource Products in American Manufacturing pp. 57-82

David Burras Humphrey and John Moroney

Capacity Utilization under Alternative Regulatory Restraints: An Analysis of Taxi Markets pp. 83-94

Arthur S De Vany

An Estimate of the Liquidity Premium pp. 95-119

J. Huston McCulloch

Trade in Technological Knowledge and the National Advantage pp. 121-35

Carlos Rodríguez

Full-Time Schooling in Life-Cycle Models of Human Capital Accumulation pp. 137-55

T D Wallace and L A Ihnen

Some Problems in the Use of Income-contingent Loans for the Finance of Higher Education pp. 157-83

Marc Nerlove

The Quantity Theory in the Early Monetary System of West Africa with Particular Emphasis on Nigeria, 1850-1895 pp. 185-93

Okonkwo A Nwani

The Equilibrium Size of a Budget-maximizing Bureau: A Note on Niskanen's Theory of Bureaucracy pp. 195-207

Albert Breton and Ronald Wintrobe

Property Rights and the Dynamic Inefficiency of Capitalism: Comment pp. 209-13

Harry Frech

The Interest Elasticity of Savings, Income Taxes, and the Permanent-Income Hypothesis pp. 215-18

Paul J Taubman

The Economics of Reducing Faculty Teaching Loads: Comment pp. 219-23

Douglas Needham

Assistant Professors Should Be Discriminated Against, or the Less Productive I Am, the More I Should Be Paid pp. 225-26

Robert Parks

Inflation and the Terms of Trade pp. 227-29

Douglas Purvis