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
Publication history
Frequency Bimonthly
ISSN 0022-3808 (print)
1537-534X (web)
LCCN 08001721
OCLC no. 300934604
JSTOR 00223808

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]
... the second 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]