Journal of Political Economy

The Journal of Political Economy is a monthly peer-reviewed academic journal published by the University of Chicago Press. Established by James Laurence Laughlin in 1892, it covers both theoretical and empirical economics.[1] In the past, the journal published quarterly from its introduction through 1905, ten issues per volume from 1906 through 1921, and bimonthly from 1922 through 2019. The editor-in-chief is Harald Uhlig (University of Chicago).

Journal of Political Economy  
Edited byHarald Uhlig
Publication details
5.247 (2017)
Standard abbreviations
ISO 4J. Political Econ.
ISSN0022-3808 (print)
1537-534X (web)
OCLC no.300934604

It is considered one of the top five journals in economics.[2]

Abstracting and indexingEdit

The journal is abstracted and indexed in EBSCO, ProQuest, Research Papers in Economics, Current Contents/Social & Behavioral Sciences, and the Social Sciences Citation Index. According to the Journal Citation Reports, the journal has a 2017 impact factor of 5.247, ranking it 18th out of 353 journals in the category "Economics".[3]

The journal is department-owned University of Chicago journal.[4]

Notable papersEdit

Among the most influential papers that appeared in the Journal of Political Economy are:[5]

... stated Hotelling's rule, laid foundations to non-renewable resource economics.[6]
... first to apply econometric methods to a historic question, which triggered the development of Cliometrics.[7]
... highly influential for introducing the Black–Scholes model for option pricing.[8]
... re-introduced the Ricardian equivalence to macroeconomics, pointing out flaws in Keynesian theory.[9][10]
... influential new classical critique of Keynesian macroeconomic modelling.[11]
... the second of two papers in which Romer laid foundations to the endogenous growth theory.[12]
... revived the field of economic geography, introducing the core–periphery model.[13]


  1. ^ Ross B. Emmett (ed.), The Chicago Tradition in Economics 1892-1945, Taylor & Francis, 2002, p. xix.
  2. ^ Casselman, Ben; Tankersley, Jim (2020-06-10). "Economics, Dominated by White Men, Is Roiled by Black Lives Matter". The New York Times. ISSN 0362-4331. Retrieved 2020-06-11.
  3. ^ "Journals Ranked by Impact: Economics". 2017 Journal Citation Reports. Web of Science (Social Sciences ed.). Thomson Reuters. 2018.
  4. ^ Economics; Science (2020-06-10). "Should departments own and control journals?". Marginal REVOLUTION. Retrieved 2020-06-11.
  5. ^ Amiguet, Lluis; Gil-Lafuente, Anna M.; Kydland, Finn E.; Merigo, Jose M. (2017). "One Hundred Twenty-Five Years of the Journal of Political Economy: A Bibliometric Overview". Journal of Political Economy. 125. ISSN 1537-534X.
  6. ^ 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.
  7. ^ 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 978-0-393-31218-8.
  8. ^ Read, Colin (2012). The Rise of the Quants: Marschak, Sharpe, Black, Scholes and Merton. London: Palgrave Macmillan. ISBN 9780230274174.
  9. ^ Hoover, Kevin D. (1988). The New Classical Macroeconomics. Oxford: Basil Blackwell. pp. 140–149. ISBN 978-0-631-17263-5.
  10. ^ 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.
  11. ^ Thomas, R. L. (1993). Introductory Econometrics: Theory and Applications (2nd ed.). Harlow: Longman. p. 420. ISBN 978-0-582-07378-4.
  12. ^ Romer, David (2011). Advanced Macroeconomics (Fourth ed.). New York: McGraw-Hill. ISBN 9780073511375.
  13. ^ Fujita, M.; Thisse, J.-F. (2002). "Industrial agglomeration under monopolistic competition". Economics of Agglomeration: Cities, Industrial Location and Regional Growth. Cambridge University Press. ISBN 978-0521805247.

External linksEdit