Journal of Political Economy

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Journal of Political Economy  
Abbreviated title (ISO 4) J. Polit. Econ.
Discipline Economics
Language English
Edited by Philip J. Reny
Publication details
Publisher University of Chicago Press (United States)
Publication history 1892–present
Frequency Bimonthly
Impact factor
ISSN 0022-3808 (print)
1537-534X (web)
LCCN 08001721
OCLC number 300934604

The Journal of Political Economy is a bimonthly peer-reviewed academic journal published by the University of Chicago Press. It covers both theoretical and empirical economics. It was established in 1892 and the editor-in-chief is Philip J. Reny (University of Chicago).

Abstracting and indexing[edit]

The journal is abstracted and indexed in:

According to the Journal Citation Reports, the journal has a 2011 impact factor of 3.483, ranking it 9th out of 332 journals in the category "Economics".[1]

Notable papers[edit]

Among the most influential papers that appeared in the Journal of Political Economy are:

... stated Hotelling's rule, laid foundations to non-renewable resource economics.[2]
... suggested non-political solutions to the free rider problem in local governance.[citation needed]
... first to apply econometric methods to a historic question, which triggered the development of Cliometrics.[3]
... highly influential for introducing the Black–Scholes model for option pricing.[4]
... re-introduced the Ricardian equivalence to macroeconomics, pointing out flaws in Keynesian theory.[5]
... influential new classical critique of Keynesian macroeconomic modelling.[6]
... developed a standard model of bank runs known as the Diamond–Dybvig model.[citation needed]
... first of two papers in which Romer laid foundations to the endogenous growth theory.[7]
... revived the field of economic geography, introducing the core–periphery model.[8][9]
... the canonical New Keynesian macroeconomic model; basis for the later Smets–Wouters model that has become the standard at central banks.


  1. ^ "Journals Ranked by Impact: Economics". 2012 Journal Citation Reports. Web of Science (Social Sciences ed.). Thomson Reuters. 2013. 
  2. ^ Devarajan, Shantayanan; Fisher, Anthony C. (1981). "Hotelling's ‘Economics of Exhaustible Resources’: Fifty Years Later". Journal of Economic Literature 19 (1): 65–73. JSTOR 2724235. 
  3. ^ Fogel, Robert William; Engerman, Stanley L. (1989). "Slavery and the Cliometric Revolution". Time on the Cross: The Economics of American Negro Slavery. New York: W. W. Norton. ISBN 0-393-31218-6. 
  4. ^ Read, Colin (2012). The Rise of the Quants: Marschak, Sharpe, Black, Scholes and Merton. London: Palgrave Macmillan. ISBN 9780230274174. 
  5. ^ White, Lawrence H. (2012). "From Pleasant Deficit Spending to Unpleasant Sovereign Debt Crisis". The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years. Cambridge University Press. pp. 382–411. ISBN 9781107012424. 
  6. ^ Thomas, R. L. (1993). Introductory Econometrics: Theory and Applications (2nd ed.). Harlow: Longman. p. 420. ISBN 0-582-07378-2. 
  7. ^ Romer, David (2011). Advanced Macroeconomics (Fourth ed.). New York: McGraw-Hill. ISBN 9780073511375. 
  8. ^ Krugman, P. (1998). "What's New About the New Economic Geography?". Oxford Review of Economic Policy 14 (2): 7–17. doi:10.1093/oxrep/14.2.7. 
  9. ^ Fujita, M.; Thisse, J.-F. (2002). "Industrial agglomeration under monopolistic competition". Economics of Agglomeration: Cities, Industrial Location and Regional Growth. Cambridge University Press. ISBN 0521805244. 

External links[edit]