American Economic Association

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American Economic Association
Founded	1885
Headquarters	Nashville, TN
Products	American Economic Review, Journal of Economic Literature, Journal of Economic Perspectives
Web site	http://www.vanderbilt.edu/AEA/index.htm

The 120-year-old American Economic Association (AEA) aims to encourage freedom of economic research, discussion and publication - most notably in the widely-cited American Economic Review. The AEA currently has a membership of around 18,000, over half of them university academics.

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History

The AEA was formed in 1885 in Saratoga, NY and incorporated in Washington, DC in 1923. Now based at Vanderbilt University in Nashville, Tennessee, more than half its current memberships are college professors while about one-third work in government and non-profits and around 15 percent in the private sector.^[1]

Products and Services

The AEA's flagship quarterly publication, the American Economic Review (AER), was first produced in 1911 and publishes regularly in March, June, September and December. The AEA's proceedings from its annual general meeting appear in a special May edition.^[2] The AER was the most widely consulted publication of the 775 journals listed on web-site JSTOR for 2006 and 2007.

The AEA also publishes the Journal of Economic Literature (JEL), first published in 1963 as the Journal of Economic Abstracts, and the Journal of Economic Perspectives (JEP) that began in 1987. The JEL publishes on the same schedule as the AER while the JEP appears in February, May, August and November. Some 4,000 groups subscribe to the three publications for around $375 each annually.

Latest News

The AEA recently shook up social-science publishing by announcing four new journals planned for launch in 2009 that will compete with more established economic journals produced by rival publisher Elsevier.^[3] The new journals will be named American Economic Journal: Macroeconomics; AEJ: Applied Economics; AEJ: Economic Policy; and AEJ: Microeconomics. The new journals will publish from the 92 percent of articles rejected by the AER and subscription prices will likely be significant below Elsevier's $2,000 annually for its Journal of Monetary Economics.

Key People

AEA's 2009 president-elect Robert E. Hall is the Robert and Carole McNeil Hoover Senior Fellow and Professor of Economics at Stanford University.^[4] He is a member of the National Academy of Sciences, a fellow of the American Academy of Arts and Sciences, and a fellow of the Econometric Society. He is also director of the research program on economic fluctuations and growth of the National Bureau of Economic Research and chairman of the Bureau's Committee on Business Cycle Dating. Hall and colleague Alvin Rabushka first appeared in the Wall Street Journal in 1981 advocating a broader-based consumption tax and published their book The Flat Tax (Hoover Institution Press) in 1985.^[5] Hall and Rabushka were subsequently recognized in Money Magazine's Money Hall of Fame for their contributions to monetary policy. Prior to joining the Stanford faculty in 1978 Hall taught and studied at the University of California, Berkeley and the Massachusetts Institute of Technology, where he earned his PhD in 1967.

References

1. ↑ History and objectives. American Economic Association. Retrieved on June 26, 2008.
2. ↑ About AER. AEA. Retrieved on June 26, 2008.
3. ↑ American Economic Association Plans 4 New Journals. Chronicle of Higher Education. Retrieved on June 26, 2008.
4. ↑ Robert E. Hall. Stanford University. Retrieved on June 26, 2008.
5. ↑ The Flat Tax By Robert E. Hall and Alvin Rabushka. Hoover Institution. Retrieved on June 26, 2008.