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Journal of Political Economy

Journal of Political Economy  
Abbreviated title (ISO 4)
J. Polit. Econ.
Discipline Economics
Language English
Edited by Philip J. Reny
Publication details
University of Chicago Press (United States)
Publication history
Frequency Bimonthly
Impact factor
ISSN 0022-3808 (print)
1537-534X (web)
LCCN 08001721
OCLC no. 300934604
  • Journal homepage

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 1
  • Notable papers 2
  • References 3
  • External links 4

Abstracting and indexing

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

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

  • "The Economics of Exhaustible Resources", by Harold Hotelling; Vol. 39, No. 2 (1931), pp. 137–175. JSTOR 1822328
... stated Hotelling's rule, laid foundations to non-renewable resource economics.[2]
  • "A Pure Theory of Local Expenditures", by Charles Tiebout; Vol. 64, No. 5 (1956), pp. 416–424. JSTOR 1826343
... suggested non-political solutions to the free rider problem in local governance.
... 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]
  • "Are Government Bonds Net Wealth?", by Robert Barro; Vol. 82, No. 6 (1974), pp. 1095–1117. JSTOR 1830663
... 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.
  • "Endogenous Technological Change", by Paul M. Romer; Vol. 98, No. 5, (1990) pp. S71–S102. JSTOR 2937632
... the second of two papers in which Romer laid foundations to the endogenous growth theory.[7]
  • "Increasing Returns and Economic Geography", by Paul Krugman; Vol. 99, No. 3 (1991), pp. 483–499. JSTOR 2937739
... 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  
  2. ^ Devarajan, Shantayanan; Fisher, Anthony C. (1981). "Hotelling's ‘Economics of Exhaustible Resources’: Fifty Years Later".  
  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.  
  4. ^ Read, Colin (2012). The Rise of the Quants: Marschak, Sharpe, Black, Scholes and Merton. London: Palgrave Macmillan.  
  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.  
  6. ^ Thomas, R. L. (1993). Introductory Econometrics: Theory and Applications (2nd ed.). Harlow: Longman. p. 420.  
  7. ^ Romer, David (2011). Advanced Macroeconomics (Fourth ed.). New York: McGraw-Hill.  
  8. ^ Krugman, P. (1998). "What's New About the New Economic Geography?".  
  9. ^ Fujita, M.; Thisse, J.-F. (2002). "Industrial agglomeration under monopolistic competition". Economics of Agglomeration: Cities, Industrial Location and Regional Growth. Cambridge University Press.  

External links

  • Official website

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