Journal of Political Economy

JPE Micro and JPE Macro

In 2023, University of Chicago Press announced the establishment of Journal of Political Economy Microeconomics (JPE Micro) and Journal of Political Economy Macroeconomics (JPE Macro), two new journals that are vertically integrated with the Journal of Political Economy.

Abstracting and indexing

The journal is abstracted and indexed in EBSCO, ProQuest, EconLit, 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 2020 impact factor of 9.103, ranking it 4/376 journals in the category "Economics".

The journal is department-owned University of Chicago journal.

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. :: ... stated Hotelling's rule, laid foundations to non-renewable resource economics.
• "The Economics of Slavery in the Ante Bellum South", by Alfred H. Conrad and John R. Meyer; Vol. 66, No. 2 (1958), pp. 95–130. :: ... first to apply econometric methods to a historic question, which triggered the development of Cliometrics.
• "The Pricing of Options and Corporate Liabilities", by Fischer Black and Myron Scholes; Vol. 81, No. 3 (1973), pp. 637–654. :: ... highly influential for introducing the Black–Scholes model for option pricing.
• "Are Government Bonds Net Wealth?", by Robert Barro; Vol. 82, No. 6 (1974), pp. 1095–1117. :: ... re-introduced the Ricardian equivalence to macroeconomics, pointing out flaws in Keynesian theory.
• "Rules Rather than Discretion: The Inconsistency of Optimal Plans", by Finn E. Kydland and Edward C. Prescott; Vol. 85, No. 3 (1977), pp. 473–492. :: ... influential new classical critique of Keynesian macroeconomic modelling.
• "Endogenous Technological Change", by Paul M. Romer; Vol. 98, No. 5, (1990) pp. S71–S102. :: ... the second of two papers in which Romer laid foundations to the endogenous growth theory.
• "Increasing Returns and Economic Geography", by Paul Krugman; Vol. 99, No. 3 (1991), pp. 483–499. :: ... revived the field of economic geography, introducing the core–periphery model.

References

References

1. Ross B. Emmett (ed.), ''The Chicago Tradition in Economics 1892–1945'', Taylor & Francis, 2002, p. xix.
2. Casselman, Ben. (2020-06-10). "Economics, Dominated by White Men, Is Roiled by Black Lives Matter". The New York Times.
3. "Journals Indexed". American Economic Association.
4. (2021). "2020 Journal Citation Reports". [[Thomson Reuters]].
5. Economics. (2020-06-10). "Should departments own and control journals?".
6. (2017). "One Hundred Twenty-Five Years of the Journal of Political Economy: A Bibliometric Overview". Journal of Political Economy.
7. Devarajan, Shantayanan. (1981). "Hotelling's 'Economics of Exhaustible Resources': Fifty Years Later". [[Journal of Economic Literature]].
8. Fogel, Robert William. (1989). "Time on the Cross: The Economics of American Negro Slavery". W. W. Norton.
9. Read, Colin. (2012). "The Rise of the Quants: Marschak, Sharpe, Black, Scholes and Merton". Palgrave Macmillan.
10. Hoover, Kevin D.. (1988). "The New Classical Macroeconomics". Basil Blackwell.
11. White, Lawrence H.. (2012). "The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years". Cambridge University Press.
12. Thomas, R. L.. (1993). "Introductory Econometrics: Theory and Applications". Longman.
13. Romer, David. (2011). "Advanced Macroeconomics". McGraw-Hill.
14. Fujita, M.. (2002). "Economics of Agglomeration: Cities, Industrial Location and Regional Growth". Cambridge University Press.