Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 82, issue 6, 1974

A Theory of Social Interactions pp. 1063-93

Gary Becker

Are Government Bonds Net Wealth? pp. 1095-1117

Robert Barro

Wage Comparisons-A Selectivity Bias pp. 1119-43

Reuben Gronau

Comments on Selectivity Biases in Wage Comparisons pp. 1145-55

H Gregg Lewis

Progressivity and Investment Yields under U.S. Income Taxation pp. 1157-75

Martin J Bailey

Adam Smith on Profits-Paradox Lost and Regained pp. 1177-90

Nathan Rosenberg

Tariffs and the Distribution of Income: The Importance of Factor Specificity, Substitutability, and Intensity in the Short and Long Run pp. 1191-1203

Michael Mussa

The Stability of the Demand-for-Money Function in the United States 1901-1965 pp. 1205-19

Mohsin Khan

Estimating the Long-Run Demand for Money from Time-Series Data pp. 1221-37

Rodney L Jacobs

External Economies and the Production Frontier pp. 1239-47

J R Gould

The Staple Theory and Its Empirical Measurement pp. 1249-53

Dwight Grant

Risk, Job Search, and Income Distribution pp. 1255-67

Christopher Pissarides

The Role of Absolute and Relative Wage Differentials in the Choice of a Work Activity pp. 1269-75

Shmuel Sharir and Yoram Weiss

Stability in the Pareto Law and the Popular Folklore: A Comment pp. 1277-80

Vining, Daniel R,

The Real Stock of Money and Velocity in a Wartime Economy: A Comment pp. 1281-84

Joong-Koon Lee

The Real Stock of Money and Velocity in a Wartime Economy: A Reply pp. 1285-86

G E Makinen

What Is the Optimal Level of Pollution? pp. 1287-99

E J Mishan

Poor Old Capitalism: A Review Article pp. 1301-13

Evsey D Domar

Volume 82, issue 5, 1974

Social Security, Induced Retirement, and Aggregate Capital Accumulation pp. 905-26

Martin Feldstein

Public Goods, Perfect Competition, and Underproduction pp. 927-39

William H Oakland

Taxes, Spending, and Property Values: Supply Adjustment in a Tiebout-Oates Model pp. 941-54

Matthew Edel and Elliott Sclar

Short-Run and Long-Run Equilibrium for a Small Open Economy pp. 955-67

Wolfgang Mayer

Stability of the Demand for Money during the Great Contraction-1929-1933 pp. 969-83

Arthur E Gandolfi

The Screening Hypothesis and the Returns to Education pp. 985-98

Richard Layard and George Psacharopoulos

Research and Development Activity and Profitability: A Distributed Lag Analysis pp. 999-1011

Ben Branch

A Note on Border-Tax Adjustments pp. 1013-15

James Meade

Policy Influence without Policy Choice pp. 1017-26

Donald C Cell

Time-Series Changes in Personal Income Inequality in the United States from 1939 with Projections to 1985: A Comment pp. 1027-32

Aba Schwartz and Donald Parsons

Time-Series Changes in Personal Income Inequality in the United States from 1939 with Projections to 1985: Reply pp. 1033-34

Barry Chiswick and Jacob Mincer

Market Allocation of Exhaustive Resources pp. 1035-40

Oliver Scott Goldsmith

How Analysis Affects Decision-Makers' Views: A Bayesian Model pp. 1041-48

Rolla Edward Park

On Some Unhappy Consequences of Professor Liebhafsky's Consumers' Demand for Psychiatric Help pp. 1049-52

Jean-Claude Koeune

Volume 82, issue 4, 1974

An Econometric Evaluation of Sulfur Taxes pp. 669-88

James M Griffin

Searching for the Lowest Price When the Distribution of Prices Is Unknown pp. 689-711

Michael Rothschild

Karl Marx on the Economic Role of Science pp. 713-28

Nathan Rosenberg

Advertising as Information pp. 729-54

Philip Nelson

Taxation and National Defense pp. 755-82

Earl A Thompson

Vertical Control with Variable Proportions pp. 783-802

Frederick R Warren-Boulton

The Risk Element in Occupational and Educational Choices: Comment pp. 803-07

John C Hause

Purchasing-Power Parity Theory and Economic Reform in Yugoslavia pp. 809-16

Ryan C Amacher and John S Hodgson

Authoritarian versus Nonauthoritarian Approaches to Economic Development pp. 817-27

G William Dick

Factor Proportions and Comparative Advantage in the Long Run: Comment pp. 829-33

Alan Deardorff

The Value of Changes in the Probability of Death or Injury pp. 835-49

Michael W Jones-Lee

A Reexamination of the Kinky Oligopoly Demand Curve pp. 851-62

Primeaux, Walter J, and Mark R Bomball

Voucher Plans, Voting Models, and the Efficiency of Local School Finance pp. 863-71

M L Eysenbach

Employer Costs and Discrimination: The Case of Baseball pp. 873-81

James Gwartney and Charles Haworth

Friedman versus Tobin: A Comment pp. 883-85

T Norman Van Cott and Gary Santoni

The Economics of Brushing Teeth pp. 887-91

Alan Blinder

The Cambridge-Cambridge Controversy in the Theory of Capital: A View from New Haven: A Review Article pp. 893-903

Joseph Stiglitz

Volume 82, issue 3, 1974

International Capital Flows and Portfolio Equilibrium pp. 443-67

Pentti J K Kouri and Michael G Porter

Taxation and the Rates of Return from Some U.S. Asset Holdings Abroad, 1960-1969 pp. 469-87

Herbert Grubel

Cattle as Capital Goods and Ranchers as Portfolio Managers: An Application to the Argentine Cattle Sector pp. 489-520

Lovell S Jarvis

Rational Expectations and Bayesian Analysis pp. 521-36

Richard M Cyert and Morris H DeGroot

Competitive Firm and the Theory of Input Demand under Price Uncertainty pp. 537-48

Raveendra N Batra and Aman Ullah

Lifetime Earnings in a Professional Labor Market: Academic Economists pp. 549-69

George Johnson and Frank P Stafford

Frank Knight and the Tradition of Liberalism pp. 571-77

Scott Gordon

Frank H. Knight as Economic Theorist pp. 578-86

Arthur H Leigh

Rational Response to the Money Supply pp. 587-97

Richard Roll

The Honest Government's Guide to the Revenue from the Creation of Money pp. 598-606

Leonardo Auernheimer

Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparison of Utilities: A Note pp. 607-11

Antonio Comacho and Jon Sonstelie

On Killing off the Market for Used Textbooks and the Relationship between Markets for New and Secondhand Goods pp. 612-19

Miller, H Laurence,

A Note on Income (Labor) Inequality: Income Tax Systems and Human Capital Theory pp. 620-25

Claude Montmarquette

A Note on Equilibrium in Monopolistic Competition pp. 626-30

Yoram Peles

Optimal Replacement of Capital Goods in Early New England and British Textile Firms: A Comment pp. 631-37

Denslow, David, and David Schulze

Optimal Replacement of Capital Goods in Early New England and British Textile Firms: Reply pp. 638-40

Jeffrey Williamson

A Note on the Stability of Metzler's Phase Diagram pp. 641-44

Don Patinkin

Managerial Tenure under Private and Government Ownership in the Electric Power Industry pp. 645-53

Louis De Alessi

Utility Maximization Sufficient for Competitive Survival: Comment pp. 654-56

Robert Piron

On the Economics of a University: Toward the Determination of Marginal Cost of Teaching Services pp. 657-64

Shlomo Brovender

Volume 82, issue 2, 1974

The High Value of Human Time: Population Equilibrium pp. S2-S10

Theodore W Schultz

A Theory of Marriage: Part II pp. S11-S26

Gary Becker

Comment: The Economics of Nonmonetary Variables pp. S27-S33

William J Goode

The United States Marriage Market pp. S34-S53

Alan Freiden

The United States Marriage Market: Comment pp. S54-S56

T Dudley Wallace

Benefits of Women's Education within Marriage pp. S57-S71

Lee Benham

Benefits of Women's Education within Marriage: Comment pp. S72-S75

Finis Welch

Family Investment in Human Capital: Earnings of Women pp. S76-S108

Jacob Mincer and Solomon Polachek

Family Investments in Human Capital: Earnings of Women: Comment pp. S109-S110

Otis Dudley Duncan

Home Investments in Children pp. S111-S131

Arleen Leibowitz

Home Investments in Children: Comment pp. S132-S135

Frank P Stafford

Effects of Child-Care Programs on Women's Work Effort pp. S136-S163

James J Heckman

Effects of Child-Care Programs on Women's Work Effort: Comment pp. S164-S169

Sherwin Rosen

Economics of Postwar Fertility in Japan: Differentials and Trends pp. S170-S194

Masanori Hashimoto

Economics of Postwar Fertility in Japan: Differentials and Trends: Comment pp. S195-S199

Gary R Saxonhouse

Household and Economy: Toward a New Theory of Population and Economic Growth pp. S200-S218

Marc Nerlove

Household and Economy: Toward a New Theory of Population and Economic Growth: Comment pp. S219-S221

Zvi Griliches

Private Savings: Ultrarationality, Aggregation, and "Denison's Law." pp. 225-49

Paul David and John L Scadding

The Cost of School Time, Foregone Earnings, and Human Capital Formation pp. 251-66

Donald Parsons

Advertising and Profitability: A Reappraisal pp. 267-86

Harry Bloch

Investment Incentives and the Corporate Income Tax pp. 287-302

Agnar Sandmo

Bargaining, Yield Curves, and Wage Settlements: An Empirical Analysis pp. 303-13

Yochanan Comay, Arie Melnik and Abraham Subotnik

Interpretations of Departures from the Pareto Curve Firm-Size Distributions pp. 315-31

Yuji Ijiri and Herbert A Simon

Soviet Growth in Absence of Centralized Planning: A Hypothetical Alternative pp. 333-51

Micha Gisser and Paul Jonas

Ghetto Employment and the Model Cities Program pp. 353-71

Bennett Harrison

Optimum City Size: The External Diseconomy Question pp. 373-88

J V Henderson

A Conditional Logit Model of Occupational Choice pp. 389-98

Michael J Boskin

Occupational Licensing and the Public Interest pp. 399-413

Alex Maurizi

On Equalizing the Distribution of Political Income pp. 414-22

Dennis Mueller, Robert Tollison and Thomas D Willett

Some Principles of Inflationary Finance pp. 423-30

Donald Nichols

A Bias in Current Measures of Economic Growth pp. 431-32

Milton Friedman

Human Migration: A Survey of Preclassical Literature pp. 433-36

Robert Weinstein

Volume 82, issue 1, 1974

Benefit-Cost Analysis and Trade Policies pp. 1-33

Partha S Dasgupta and Joseph Stiglitz

Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition pp. 34-55

Sherwin Rosen

A Diagrammatic Exposition of the Harberger Model with One Immobile Factor pp. 56-82

McLure, Charles E,

An Economic Theory of Suicide pp. 83-98

Daniel S Hamermesh and Neal M Soss

John Maynard Keynes: Scientist or Politician? pp. 99-111

Elizabeth S Johnson

Group Segregation and Optimal Jurisdictions pp. 112-32

Martin McGuire

Stability and the Quantity Theory pp. 133-51

P W Howitt

The Interrelation Between Labor and Capital Components of Racial Income Differences pp. 152-62

George von Furstenberg

An Optimal Program for Managing Common Property Resources with Congestion Externalities pp. 163-73

Brown, Gardner,

Cognitive Range in the Theory of Revealed Preference pp. 174-84

Anthony Y C Koo and Peter Schmidt

A Test of the Permanent-Income Hypothesis: Comment pp. 185-91

James M Holmes

A Test of the Permanent-Income Hypothesis: Reply pp. 192-98

Prem S Laumas

"Preferences, Separability, and the Patinkin Model": A Comment pp. 199-201

Eitan Berglas and Assaf Razin

A Paradoxon of the Market Mechanism pp. 202-09

Gerhard O Orosel

Drug-Law Enforcement: Should We Arrest Pushers or Users? pp. 210-14

Billy J Eatherly