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The Economic History of the American Economic Review A Century’s Explosion of Economics Research.doc

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The Economic History of the American Economic Review A Century’s Explosion of Economics Research.doc

The Economic History of the American Economic Review A Century’s Explosion of Economics Research American Economic Review 101 (February 2011): 9–35//./articles.php?doi=10.1257/aer.101.1.9The Economic History of the American Economic Review: A Century’s Explosion of Economics ResearchBy R??????¤?? A. M??¤§??*Written in celebration of the 100th anniversary of the American Economic Review, this paper recounts the history of the journal. The recounting has an analytic core that sees the American Economic Association as an organization supplying goods and services to its members, one of which is the Review. Early in its history the Review was a multipurpose publication with highly disparate content. Over time the economics profession expanded and more econom-ics research was produced, primarily in the form of journal articles. Editors accommodated this shift by allocating more resources to the refereeing and editing process and more space to research papers. (JEL A14, B19, B29)The February 2011 issue of the American Economic Review (AER) marks the Review’s centennial. As the agship publication of the American Economic Association (AEA) and a leading economics journal worldwide, it is appropriate to mark this spe-cial anniversary by pausing to take stock. The AER is a mirror of the AEA, so taking stock allows us to see where the Association has been and may go in the future.My main objective is to outline certain features of the history of the AER. I do so in straightforward factual terms, but my description has an analytic core. This core views the AEA as an economic organization that provides goods and services, one of which is the AER. The quantity and type of material that appears between the cov-ers of the AER is an economic decision. At any time space allocation is the province of the editor, subject to a set of constraints. Over time, the decision re ects the col-lective wisdom of the editor and other AEA decision makers—and, ultimately, the 1demands of subscriber