American Economic Association
Encyclopedia
The American Economic Association, or AEA, is a learned society
in the field of economics
, headquartered in Nashville, Tennessee
. It publishes one of the most prestigious academic journal
s in economics: the American Economic Review
. The AEA was established in 1885 by younger economists trained in the German historical school; since 1900 it has been under the control of academics.
The purposes of the Association are: 1) The encouragement of economic research, especially the historical and statistical study of the actual conditions of industrial life; 2) The issue of publications on economic subjects; 3) The encouragement of perfect freedom of economic discussion. The Association as such will take no partisan attitude, nor will it commit its members to any position on practical economic questions. Its current president is Orley Ashenfelter
of Princeton University
.
Once composed primarily of college and university teachers of economics, the Association now attracts an increasing number of members from business and professional groups. Today the membership is ca. 18,000, over half of whom are academics. About 15% are employed in business and industry, and the remainder largely by federal, state, and local government or other not-for-profit organizations.
is unsafe in politics and unsound in morals.
, the Journal of Economic Literature
, and the Journal of Economic Perspectives
(which is now available online for free). In 2009, it began to publish four new area-specific journals, collectively called the American Economic Journal
(AEJ). The four areas covered by AEJ are applied economics, economic policy, macroeconomics, and microeconomics.
The AEA also produces EconLit
, the AEA's electronic bibliography. It is a comprehensive index to peer-reviewed journal articles, books, book reviews, collective volume articles, working papers, and dissertations. Compiled and abstracted in a searchable format, EconLit indexes 125 years of economic literature from around the world. It follows the JEL classification codes
of the Journal of Economic Literature.
The AEA sponsors RFE: Resources for Economists on the Internet, an online source available to the general public without subscription. It catalogs and annotates 2,000+ internet sites under some 97 sections and subsubsections. RFE is currently updated on a monthly basis.
AEA, in conjunction with over 50 associations in related disciplines, holds a three-day Annual Meeting each winter to present papers on general economic subjects. About 500 scholarly sessions are held each year. A placement service to assist employers and job applicants begins a day prior to the meetings. A continuing education program is held immediately after the annual meeting. Topics vary from year to year. Future meetings are scheduled January 6–8, 2012 in Chicago; January 4–6, 2013 in San Diego; January, 3-5, 2014 in Philadelphia; and January, 3-5, 2015 in Boston. The annual call for papers is on the Association's home page. The submission deadline is April 1 of the prior year.
Each year, the AEA recognizes the lifetime research contributions of four economists by electing them Distinguished Fellows. The Association also awards annually the John Bates Clark Medal
for outstanding research accomplishments in economics to a scholar under the age of 40; it is often referred to as the "Baby Nobel," as many of its recipients go on to become Nobel Laureates. The most recent winner (2011) is Jonathan Levin. The AEA recognizes annually a Best Paper Award for papers published in each of the four
Source: http://www.aeaweb.org/honors_awards/officerspast.php
Source: http://www.aeaweb.org/honors_awards/disting_fellows.php
argued that studying economics tends to make one “conservative,” and indeed that "economists are conservative." Paul Krugman
contends that the neoclassical micro-macro synthesis was “an imperfect but workable union achieved half a century ago, which has allowed economists to combine moderately activist views about monetary policy with otherwise generally free market beliefs.” Deirdre McCloskey
, exposing the "secret sins of economists," in 2002 said, “Libertarianism is typical of economics, especially English-speaking economics, and most especially American economics”
Using survey data from professors in the 1970s, sociologist Seymour Martin Lipset
concluded, "Many of the most influential younger scholars in [economics] are supporters of varying forms of antistatist free-market doctrines” More recent 21st century surveys show very different results and demonstrate that free-market economists constitute a small portion of all economists. A survey of a sample of AEA members identified their views on 18 specific forms of government activism, finding that about 8% of AEA members can be considered supporters of free-market principles and that less than 3% may be called strong supporters. Even the average Republican AEA member is 'middle-of-the-road,' not free market.
William McEachern, an economist at the University of Connecticut
, analysed the 2004 campaign contributions of AEA members, committee members, officers, editors, referees, authors, and acknowledgees. He found that 2004 contributions heavily favored the Democratic Party
, especially among leadership positions.
He argues that this contradicts AEA's claim of non-partisanship, that it harms the economics profession by favoring certain opinions over others, and that it cripples the spirit of discussion that AEA seeks to promote and may lead to intellectual complacency.
Critics of McEachern's stance argue that investigation of AEA economists' campaign contributions is inappropriate. They favor investigation of research, rather than the researcher whose views and ideologies are irrelevant to the data published. Moreover, membership in the Association is open to anyone, regardless of their political views, and thus the political affiliation of members reflects only the decisions of various individuals to join the Association.
Proponents of such investigations argue that a disclosure of ideological sensibilities will enhance authentic discourse. Readers are better able to interpret the text and watch for bias. Nobel laureate Gunnar Myrdal
is among the supporters of ideological self-disclosure in economic discourse.
Learned society
A learned society is an organization that exists to promote an academic discipline/profession, as well a group of disciplines. Membership may be open to all, may require possession of some qualification, or may be an honor conferred by election, as is the case with the oldest learned societies,...
in the field of economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, headquartered in Nashville, Tennessee
Nashville, Tennessee
Nashville is the capital of the U.S. state of Tennessee and the county seat of Davidson County. It is located on the Cumberland River in Davidson County, in the north-central part of the state. The city is a center for the health care, publishing, banking and transportation industries, and is home...
. It publishes one of the most prestigious academic journal
Academic journal
An academic journal is a peer-reviewed periodical in which scholarship relating to a particular academic discipline is published. Academic journals serve as forums for the introduction and presentation for scrutiny of new research, and the critique of existing research...
s in economics: the American Economic Review
American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics publishing seven issues annually by the American Economic Association. First published in 1911, it is considered one of the most prestigious journals in the field. The current editor-in-chief is Penny Goldberg . The...
. The AEA was established in 1885 by younger economists trained in the German historical school; since 1900 it has been under the control of academics.
The purposes of the Association are: 1) The encouragement of economic research, especially the historical and statistical study of the actual conditions of industrial life; 2) The issue of publications on economic subjects; 3) The encouragement of perfect freedom of economic discussion. The Association as such will take no partisan attitude, nor will it commit its members to any position on practical economic questions. Its current president is Orley Ashenfelter
Orley Ashenfelter
Orley Clark Ashenfelter . is an American economist. He is a professor of economics at Princeton University and also the director of the Industrial Relations Section at Princeton University. His areas of specialization include labor economics, econometrics, and law and economics.Born in San...
of Princeton University
Princeton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....
.
Once composed primarily of college and university teachers of economics, the Association now attracts an increasing number of members from business and professional groups. Today the membership is ca. 18,000, over half of whom are academics. About 15% are employed in business and industry, and the remainder largely by federal, state, and local government or other not-for-profit organizations.
History
The AEA began publishing in 1886, with its Publications of the American Economic Association, the first issue of which also contains an account of its founding and its platform, which declares in its first item that the doctrine of laissez-faire CapitalismCapitalism
Capitalism is an economic system that became dominant in the Western world following the demise of feudalism. There is no consensus on the precise definition nor on how the term should be used as a historical category...
is unsafe in politics and unsound in morals.
Activities
For many years, the AEA published three economics journals: the American Economic ReviewAmerican Economic Review
The American Economic Review is a peer-reviewed academic journal of economics publishing seven issues annually by the American Economic Association. First published in 1911, it is considered one of the most prestigious journals in the field. The current editor-in-chief is Penny Goldberg . The...
, the Journal of Economic Literature
Journal of Economic Literature
The Journal of Economic Literature is a peer-reviewed academic journal on economy published by the American Economic Association. It was established in 1963 as the Journal of Economic Abstracts. As a review journal, it mainly features essays and reviews of recent economic theories...
, and the Journal of Economic Perspectives
Journal of Economic Perspectives
The Journal of Economic Perspectives is an economic journal published by the American Economic Association. The journal is very broad in its scope...
(which is now available online for free). In 2009, it began to publish four new area-specific journals, collectively called the American Economic Journal
American Economic Journal
The American Economic Journal is a group of four peer-reviewed academic journals published by the American Economic Association. The names of the individual journals consist of the prefix American Economic Journal with a descriptor of the field attached...
(AEJ). The four areas covered by AEJ are applied economics, economic policy, macroeconomics, and microeconomics.
The AEA also produces EconLit
EconLit
EconLit is an academic literature abstracting database service published by the American Economic Association. The service focuses on literature in the field of economics. EconLit covers articles and other materials dating back to 1969. It uses the JEL classification codes for classifying papers...
, the AEA's electronic bibliography. It is a comprehensive index to peer-reviewed journal articles, books, book reviews, collective volume articles, working papers, and dissertations. Compiled and abstracted in a searchable format, EconLit indexes 125 years of economic literature from around the world. It follows the JEL classification codes
JEL classification codes
Articles in economics journals are usually classified according to the JEL classification codes, a system originated by the Journal of Economic Literature. The JEL is published quarterly by the American Economic Association and contains survey articles and information on recently published books...
of the Journal of Economic Literature.
The AEA sponsors RFE: Resources for Economists on the Internet, an online source available to the general public without subscription. It catalogs and annotates 2,000+ internet sites under some 97 sections and subsubsections. RFE is currently updated on a monthly basis.
AEA, in conjunction with over 50 associations in related disciplines, holds a three-day Annual Meeting each winter to present papers on general economic subjects. About 500 scholarly sessions are held each year. A placement service to assist employers and job applicants begins a day prior to the meetings. A continuing education program is held immediately after the annual meeting. Topics vary from year to year. Future meetings are scheduled January 6–8, 2012 in Chicago; January 4–6, 2013 in San Diego; January, 3-5, 2014 in Philadelphia; and January, 3-5, 2015 in Boston. The annual call for papers is on the Association's home page. The submission deadline is April 1 of the prior year.
Each year, the AEA recognizes the lifetime research contributions of four economists by electing them Distinguished Fellows. The Association also awards annually the John Bates Clark Medal
John Bates Clark Medal
The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge"...
for outstanding research accomplishments in economics to a scholar under the age of 40; it is often referred to as the "Baby Nobel," as many of its recipients go on to become Nobel Laureates. The most recent winner (2011) is Jonathan Levin. The AEA recognizes annually a Best Paper Award for papers published in each of the four
Past, present, and future presidents
- 2012 Christopher A. SimsChristopher A. SimsChristopher Albert "Chris" Sims is an econometrician and macroeconomist. He is currently the Harold B. Helms Professor of Economics and Banking at Princeton University. Together with Thomas Sargent, he won the Nobel Memorial Prize in Economic Sciences in 2011. The award cited their "empirical...
- 2011 Orley C. AshenfelterOrley AshenfelterOrley Clark Ashenfelter . is an American economist. He is a professor of economics at Princeton University and also the director of the Industrial Relations Section at Princeton University. His areas of specialization include labor economics, econometrics, and law and economics.Born in San...
- 2010 Robert E. HallRobert Hall (economist)Robert Ernest "Bob" Hall is an American economist and a Robert and Carole McNeil Senior Fellow at Stanford University's Hoover Institution. He is generally considered a macroeconomist, but he describes himself as an "applied economist"....
- 2009 Angus S. DeatonAngus DeatonAngus Stewart Deaton is a leading microeconomist. He was educated at Fettes College in Edinburgh, where he was a Foundation Scholar, and earned his B.A., M.A., and Ph.D...
- 2008 Avinash K. DixitAvinash DixitAvinash Kamalakar Dixit is an Indian-American economist originally of Indian nationality.-Education:Dixit received a B.Sc. from Bombay University in 1963 in Mathematics and Physics, a B.A...
- 2007 Thomas J. SargentThomas J. SargentThomas John "Tom" Sargent is an American Nobel Memorial Prize in Economic Sciences winning economist, specializing in the fields of macroeconomics, monetary economics and time series econometrics...
- 2006 George A. AkerlofGeorge AkerlofGeorge Arthur Akerlof is an American economist and Koshland Professor of Economics at the University of California, Berkeley. He won the 2001 Nobel Prize in Economics George Arthur Akerlof (born June 17, 1940) is an American economist and Koshland Professor of Economics at the University of...
- 2005 Daniel L. McFaddenDaniel McFaddenDaniel Little McFadden is an econometrician who shared the 2000 Nobel Memorial Prize in Economic Sciences with James Heckman ; McFadden's share of the prize was "for his development of theory and methods for analyzing discrete choice". He was the E. Morris Cox Professor of Economics at the...
- 2004 Martin S. FeldsteinMartin FeldsteinMartin Stuart "Marty" Feldstein is an economist. He is currently the George F. Baker Professor of Economics at Harvard University, and the president emeritus of the National Bureau of Economic Research . He served as President and Chief Executive Officer of the NBER from 1978 through 2008...
- 2003 Peter A. DiamondPeter A. DiamondPeter Arthur Diamond is an American economist known for his analysis of U.S. Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s. He was awarded the Nobel Memorial Prize in Economic Sciences in 2010, along with Dale T. Mortensen...
- 2002 Robert E. Lucas, Jr.Robert Lucas, Jr.Robert Emerson Lucas, Jr. is an American economist at the University of Chicago. He received the Nobel Prize in Economics in 1995 and is consistently indexed among the top 10 economists in the Research Papers in Economics rankings. He is married to economist Nancy Stokey.He received his B.A. in...
- 2001 Sherwin RosenSherwin RosenSherwin Rosen was an American labor economist. He had ties with many American universities and academic institutions including the University of Chicago, the University of Rochester, Stanford University and its Hoover Institution. At the time of his death, Rosen was Edwin A. and Betty L...
- 2000 Dale W. JorgensonDale W. JorgensonDale Weldeau Jorgenson is the Samuel W. Morris University Professor at Harvard University, teaching in the Department of Economics and John F. Kennedy School of Government...
- 1999 D. Gale Johnson
- 1998 Robert W. Fogel
- 1997 Arnold C. HarbergerArnold HarbergerArnold C. Harberger is a United States economist. Harberger's Triangle, widely used in welfare economics, is named after him.-Life:...
- 1996 Anne O. Krueger (second female president)
- 1995 Victor R. Fuchs
- 1994 Amartya K. SenAmartya SenAmartya Sen, CH is an Indian economist who was awarded the 1998 Nobel Prize in Economic Sciences for his contributions to welfare economics and social choice theory, and for his interest in the problems of society's poorest members...
- 1993 Zvi GrilichesZvi GrilichesHirsh Zvi Griliches was an economist at Harvard University. He was born in Kaunas, Lithuania in an assimilated Jewish family that spoke Russian at home. During World War II he was sent to the Dachau concentration camp...
- 1992 William S. VickreyWilliam VickreyWilliam Spencer Vickrey was a Canadian professor of economics and Nobel Laureate. Vickrey was awarded the Nobel Memorial Prize in Economics with James Mirrlees for their research into the economic theory of incentives under asymmetric information...
- 1991 Thomas C. SchellingThomas SchellingThomas Crombie Schelling is an American economist and professor of foreign affairs, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park. He is also co-faculty at the New England Complex Systems Institute...
- 1990 Gérard DebreuGerard DebreuGérard Debreu was a French economist and mathematician, who also came to have United States citizenship. Best known as a professor of economics at the University of California, Berkeley, where he began work in 1962, he won the 1983 Nobel Memorial Prize in Economics.-Biography:His father was the...
- 1989 Joseph A. PechmanJoseph A. PechmanJoseph A. Pechman was a highly influential economist and taxation scholar in the United States. He graduated from the City College of New York and the University of Wisconsin-Madison. He served as President of the American Economic Association and was a fellow of the American Academy of Arts...
- 1988 Robert Eisner
- 1987 Gary S. BeckerGary BeckerGary Stanley Becker is an American economist. He is a professor of economics, sociology at the University of Chicago and a professor at the Booth School of Business. He was awarded the Nobel Memorial Prize in Economic Sciences in 1992, and received the United States' Presidential Medal of Freedom...
- 1986 Alice M. RivlinAlice RivlinAlice Mitchell Rivlin is an economist, a former U.S. Cabinet official, and an expert on the budget. She has served as the Vice Chairman of the Federal Reserve, the Director of the White House Office of Management and Budget, and the first Director of the Congressional Budget Office...
(first female president) - 1985 Charles P. KindlebergerCharles P. KindlebergerCharles Poor "Charlie" Kindleberger was a historical economist and author of over 30 books. His 1978 book Manias, Panics, and Crashes, about speculative stock market bubbles, was reprinted in 2000 after the dot-com bubble. He is well known for hegemonic stability theory.-Life:Kindleberger was born...
- 1984 Charles L. SchultzeCharles SchultzeCharles L. Schultze is a United States economist and public policy analyst. He served as chairman of the United States Council of Economic Advisers during the Carter Administration. In the 1960s Schultze was appointed assistant director of the U.S. Bureau of the Budget by President John F...
- 1983 W. Arthur Lewis
- 1982 H. Gardner AckleyGardner AckleyGardner Ackley also known as H. Gardner Ackley, was an American economist and diplomat.He served as a member of the Council of Economic Advisers under President John F. Kennedy, and as the Chairman under President Lyndon B. Johnson between 1964 and 1968...
- 1981 William J. BaumolWilliam BaumolWilliam Jack Baumol is an American economist. He is a professor of economics at New York University and is also affiliated with Princeton University. Baumol has written extensively about labor market and other economic factors that affect the economy. He also made valuable contributions to the...
- 1980 Moses AbramovitzMoses AbramovitzMoses Abramovitz was an American economist. He was born in Brooklyn, New York. He studied economics at Harvard University and earned a doctorate at Columbia University. In 1945 and 1946, he was economic adviser to the United States representative on the Allied Reparations Commission...
- 1979 Robert M. SolowRobert SolowRobert Merton Solow is an American economist particularly known for his work on the theory of economic growth that culminated in the exogenous growth model named after him...
- 1978 Tjalling C. KoopmansTjalling KoopmansTjalling Charles Koopmans was the joint winner, with Leonid Kantorovich, of the 1975 Nobel Memorial Prize in Economic Sciences....
(Jacob MarschakJacob MarschakJacob Marschak was an American economist of Ukrainian Jewish origin.- Life :...
died before taking office.) - 1977 Lawrence R. KleinLawrence KleinLawrence Robert Klein is an American economist. For his work in creating computer models to forecast economic trends in the field of econometrics at the Wharton School of the University of Pennsylvania, he was awarded the Nobel Memorial Prize in Economic Sciences in 1980...
- 1976 Franco ModiglianiFranco ModiglianiFranco Modigliani was an Italian economist at the MIT Sloan School of Management and MIT Department of Economics, and winner of the Nobel Memorial Prize in Economics in 1985.-Life and career:...
- 1975 Robert Aaron Gordon
- 1974 Walter W. HellerWalter HellerWalter Wolfgang Heller was a leading American economist of the 1960s, and an influential advisor to President John F. Kennedy as chairman of the Council of Economic Advisors, 1961-64....
- 1973 Kenneth J. ArrowKenneth ArrowKenneth Joseph Arrow is an American economist and joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to have received this award, at 51....
- 1972 John Kenneth GalbraithJohn Kenneth GalbraithJohn Kenneth "Ken" Galbraith , OC was a Canadian-American economist. He was a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism...
- 1971 James TobinJames TobinJames Tobin was an American economist who, in his lifetime, served on the Council of Economic Advisors and the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities. He developed the ideas of Keynesian economics, and advocated government intervention to...
- 1970 Wassily LeontiefWassily LeontiefWassily Wassilyovich Leontief , was a Russian-American economist notable for his research on how changes in one economic sector may have an effect on other sectors. Leontief won the Nobel Committee's Nobel Memorial Prize in Economic Sciences in 1973, and three of his doctoral students have also...
- 1969 William J. Fellner
- 1968 Kenneth E. BouldingKenneth E. BouldingKenneth Ewart Boulding was an economist, educator, peace activist, poet, religious mystic, devoted Quaker, systems scientist, and interdisciplinary philosopher. He was cofounder of General Systems Theory and founder of numerous ongoing intellectual projects in economics and social science. He was...
- 1967 Milton FriedmanMilton FriedmanMilton Friedman was an American economist, statistician, academic, and author who taught at the University of Chicago for more than three decades...
- 1966 Fritz MachlupFritz MachlupFritz Machlup was an Austrian-American economist. He was notable for being one of the first economists to examine knowledge as an economic resource....
- 1965 Joseph J. SpenglerJoseph J. SpenglerJoseph John Spengler was an American economist, statistician, and historian of economic thought. A recipient of the 1951 John Frederick Lewis Award of the American Philosophical Society and the 1981 Distinguished Fellow Award from the History of Economics Society, he was Professor Emeritus of...
- 1964 George J. StiglerGeorge StiglerGeorge Joseph Stigler was a U.S. economist. He won the Nobel Memorial Prize in Economic Sciences in 1982, and was a key leader of the Chicago School of Economics, along with his close friend Milton Friedman....
- 1963 Gottfried HaberlerGottfried HaberlerGottfried von Haberler was an economist. He worked in particular on international trade....
- 1962 Edward S. Mason
- 1961 Paul A. SamuelsonPaul SamuelsonPaul Anthony Samuelson was an American economist, and the first American to win the Nobel Memorial Prize in Economic Sciences. The Swedish Royal Academies stated, when awarding the prize, that he "has done more than any other contemporary economist to raise the level of scientific analysis in...
- 1960 Theodore W. SchultzTheodore SchultzTheodore William Schultz was the 1979 winner of the Nobel Memorial Prize in Economic Sciences....
- 1959 Arthur F. BurnsArthur F. BurnsArthur Frank Burns was an American economist. He served as Chairman of the Federal Reserve from 1970 to 1978.- Career :...
- 1958 George W. Stocking
- 1957 Morris A. Copeland
- 1956 Edwin E. WitteEdwin E. WitteEdwin E. Witte was an economist who focused on social insurance issues for the state of Wisconsin and for the Committee on Economic Security. While the executive director of the President's Committee on Economic Security under United States President Franklin D...
- 1955 John D. Black
- 1954 Simon KuznetsSimon KuznetsSimon Smith Kuznets was a Russian American economist at the Wharton School of the University of Pennsylvania who won the 1971 Nobel Memorial Prize in Economic Sciences "for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and...
- 1953 Calvin B. HooverCalvin B. HooverCalvin Bryce Hoover was born in Berwick, Illinois, to John Calvin Hoover and Margaret Delilah Roadcap Hoover. Hoover was a noted economist and professor. He spent 1929-1930 in Moscow and wrote The Economic Life of Soviet Russia in 1931...
- 1952 Harold A. InnisHarold InnisHarold Adams Innis was a Canadian professor of political economy at the University of Toronto and the author of seminal works on media, communication theory and Canadian economic history. The affiliated Innis College at the University of Toronto is named for him...
- 1951 John H. Williams
- 1950 Frank H. KnightFrank KnightFrank Hyneman Knight was an American economist who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago school. Nobel laureates James M. Buchanan, Milton Friedman and George Stigler were all students of Knight at Chicago. Knight supervised...
- 1949-1886 Selected others:
- 1948 Joseph A. Schumpeter
- 1947 Paul H. Douglas
- 1942 Edwin G. Nourse
- 1941 Sumner H. SlichterSumner SlichterSumner Huber Slichter was an American economist and the first Lamont University Professor at Harvard University. Slichter was considered by many to be the pre-eminent labor economist of the 1940s and 1950s.-Education:...
- 1940 Frederick C. Mills
- 1939 Jacob VinerJacob VinerJacob Viner was a Canadian economist and is considered with Frank Knight and Henry Simons one of the "inspiring" mentors of the early Chicago School of Economics in the 1930s: he was one of the leading figures of the Chicago faculty.- Biography :Viner was born in 1892 in Montreal, Quebec to...
- 1938 Alvin H. Hansen
- 1936 Alvin S. Johnson
- 1935 John Maurice ClarkJohn Maurice ClarkJohn Maurice Clark was an American economist whose work combined the rigor of traditional economic analysis with an "institutionalist" attitude.- Academic career :...
- 1928 Fred M. TaylorFred M. TaylorFred Manville Taylor was a U.S. economist and educator best known for his contribution to the theory of market socialism. He taught mostly history at Albion College from 1879 to 1892. He taught in the department of economics at University of Michigan from 1892 to 1929 after receiving his Ph.D. in...
- 1926 Edwin W. KemmererEdwin W. KemmererEdwin Walter Kemmerer American economist, became famous as a "money doctor" or economic adviser to foreign governments all around the world, promoting plans based on strong currencies and balanced budgets.He graduated with honors and a Phi Beta Kappa key from Wesleyan University, and earned his Ph.D...
- 1925 Allyn A. Young
- 1924 Wesley C. Mitchell
- 1921 Jacob H. HollanderJacob HollanderJacob Harry Hollander, B.A., Ph.D. was an American economist.-Biography:Hollander was born in Baltimore, Maryland. He graduated from Johns Hopkins University in 1891 and became associate professor of finance there. In 1900, he became assistant professor of political economy, becoming full...
- 1920 Herbert J. DavenportHerbert J. DavenportHerbert Joseph Davenport was an American economist of the Austrian School.- Life and career :Born in Vermont, Davenport began his formal career as assistant professor at the University of Chicago in 1902...
- 1918 Irving FisherIrving FisherIrving Fisher was an American economist, inventor, and health campaigner, and one of the earliest American neoclassical economists, though his later work on debt deflation often regarded as belonging instead to the Post-Keynesian school.Fisher made important contributions to utility theory and...
- 1917 John R. CommonsJohn R. CommonsJohn Rogers Commons was an American institutional economist and labor historian at the University of Wisconsin–Madison.-Biography:Born in Hollansburg, Ohio, John R. Commons had a religious upbringing which led him to be an advocate for social justice early in life...
- 1916 Thomas N. Carver
- 1915 Walter F. Willcox
- 1912 Frank A. Fetter
- 1909 Davis R. DeweyDavis Rich DeweyDavis Rich Dewey, Ph. D. was an American economist and statistician.He was born at Burlington, Vermont, on 7 April 1858. Like his younger brother, John Dewey, he was educated at the University of Vermont and Johns Hopkins University. He later became professor of economics and statistics at the...
- 1908 Simon N. Patten
- 1904 Frank W. Taussig
- 1902 Edwin R. A. Seligman
- 1900 Richard T. ElyRichard T. ElyRichard Theodore Ely was an American economist, author, and leader of the Progressive movement who called for more government intervention in order to reform what they perceived as the injustices of capitalism, especially regarding factory conditions, compulsory education, child labor, and labor...
- 1894 John B. Clark
- 1886-92 Francis A. WalkerFrancis A. WalkerFrancis Austin Walker was a Member of the Legislative Assembly of Alberta, farmer and insurance salesman and soldier in northern Alberta....
Source: http://www.aeaweb.org/honors_awards/officerspast.php
Distinguished Fellows
- 2011 Alan BlinderAlan BlinderAlan Stuart Blinder is an American economist. He serves at Princeton University as the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs in the Economics Department, Vice Chairman of The Observatory Group, and as co-director of Princeton’s Center for Economic Policy Studies,...
/ William Brainard / Daniel KahnemanDaniel KahnemanDaniel Kahneman is an Israeli-American psychologist and Nobel laureate. He is notable for his work on the psychology of judgment and decision-making, behavioral economics and hedonic psychology....
/ David Wise - 2010 Elhanan HelpmanElhanan HelpmanElhanan Helpman is an Israeli-American economist who works in the field of international trade, political economy and economic growth.-Biography:...
/ David M. KrepsDavid M. KrepsDavid Marc "Dave" Kreps is a game theorist and economist and professor at the Graduate School of Business at Stanford University. He is known for his analysis of dynamic choice models and non-cooperative game theory, particularly the idea of sequential equilibrium, which he developed with Stanford...
/ Martin ShubikMartin ShubikMartin Shubik is an American economist, who is Professor Emeritus of Mathematical Institutional Economics at Yale University. He was educated at the University of Toronto and Princeton University... - 2009 Ronald W. JonesRonald W. JonesRonald Winthrop "Ron" Jones is an influential international trade economist and Xerox Professor of Economics at the University of Rochester. His recent highly acclaimed book Globalization and the Theory of Input Trade summarizes much of his past work and also discusses the recent market trend...
/ Douglass NorthDouglass NorthDouglass Cecil North is an American economist known for his work in economic history. He is the co-recipient of the 1993 Nobel Memorial Prize in Economic Sciences...
/ John H. Pencavel - 2008 W. Erwin Diewert / Dale T. MortensenDale T. MortensenDale Thomas Mortensen is an American economist. He received his B.A. in economics from Willamette University and his Ph.D. in Economics from Carnegie Mellon University. He is a member of the Beta Theta Pi fraternity...
/ Charles R. Plott - 2007 Orley AshenfelterOrley AshenfelterOrley Clark Ashenfelter . is an American economist. He is a professor of economics at Princeton University and also the director of the Industrial Relations Section at Princeton University. His areas of specialization include labor economics, econometrics, and law and economics.Born in San...
/ Lloyd ShapleyLloyd ShapleyLloyd Stowell Shapley is a distinguished American mathematician and economist. He is a Professor Emeritus at University of California, Los Angeles, affiliated with departments of Mathematics and Economics...
/ Oliver E. WilliamsonOliver E. WilliamsonOliver Eaton Williamson is an American economist, professor at the University of California, Berkeley and recipient of the Nobel Memorial Prize in Economic Sciences.... - 2006 Donald J. Brown / Richard A. Easterlin / Robert B. WilsonRobert B. WilsonRobert Butler "Bob" Wilson, Jr. is an American economist and the Adams Distinguished Professor of Management, Emeritus at Stanford University. He is known for his contributions to management science and business economics. His doctoral thesis introduced sequential quadratic programming, which...
- 2005 Stanley EngermanStanley EngermanStanley Lewis Engerman is an economist and economic historian at the University of Rochester. He received his Ph.D. in economics in 1962 from Johns Hopkins University. Engerman is known for his quantitative historical work along with Nobel prize winning economist Robert Fogel...
/ Michael RothschildMichael RothschildMichael Rothschild is an American economist; he is visiting professor at the Department of Economics of the University of California in Los Angeles and a former dean at Princeton.- Education :...
/ Hugo F. SonnenscheinHugo F. SonnenscheinHugo Freund Sonnenschein is a prominent American economist and educational administrator. Currently the Adam Smith Distinguished Service Professor in Economics at the University of Chicago, his specialty is microeconomic theory; with a particular interest in game theory... - 2004 William NordhausWilliam NordhausWilliam Dawbney "Bill" Nordhaus is the Sterling Professor of Economics at Yale University. Nordhaus lives in New Haven, Connecticut, with his wife Barbara.-Career:...
/ George P. ShultzGeorge P. ShultzGeorge Pratt Shultz is an American economist, statesman, and businessman. He served as the United States Secretary of Labor from 1969 to 1970, as the U.S. Secretary of the Treasury from 1972 to 1974, and as the U.S. Secretary of State from 1982 to 1989...
/ William A. BrockWilliam A. Brock (economist)William Allen "Buz" Brock is a mathematical economist, a professor at the University of Wisconsin–Madison, since 1975. He is known for his application of a branch of mathematics known as chaos theory to economic theory and econometrics. In 1998, he was elected to the National Academy of Sciences ... - 2003 Irma AdelmanIrma AdelmanIrma Glicman Adelman is an American economist. She is a professor in the Department of Agricultural and Resource Economics at the Graduate School of the University of California, Berkeley since 1979. She has made important contributions in the field of development economics...
/ Jagdish BhagwatiJagdish BhagwatiJagdish Natwarlal Bhagwati is an Indian-American economist and professor of economics and law at Columbia University. He is well known for his research in international trade and for his advocacy of free trade....
/ T. N. SrinivasanT. N. SrinivasanThirukodikaval Nilakanta "T. N." Srinivasan is the Samuel C. Park, Jr. Professor of Economics at Yale University. He was formerly chairman of the department of economics at Yale University... - 2002 Clive GrangerClive GrangerSir Clive William John Granger was a British economist, who taught in Britain at the University of Nottingham and in the U.S.A. at the University of California, San Diego. In 2003, Granger was awarded the Nobel Memorial Prize in Economic Sciences, in recognition that he and his co-winner, Robert F...
/ Arnold ZellnerArnold ZellnerArnold Zellner was an American economist and statistician specializing in the fields of Bayesian probability and econometrics... - 2001 Rudiger Dornbusch / Allan MeltzerAllan MeltzerAllan H. Meltzer is an American economist and professor of Political Economy at Carnegie Mellon University's Tepper School of Business in Pittsburgh, Pennsylvania. He was born February 6, 1928, in Boston, Massachusetts...
- 2000 Jack HirshleiferJack HirshleiferJack Hirshleifer was an American economist and long-time professor at the University of California, Los Angeles....
/ Edmund PhelpsEdmund PhelpsEdmund Strother Phelps, Jr. is an American economist and the winner of the 2006 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Early in his career he became renowned for his research at Yale's Cowles Foundation in the first half of the 1960s on the sources of economic growth... - 1999 David CassDavid CassDavid Cass was a professor of economics at the University of Pennsylvania, mostly known for his contributions to general equilibrium theory. His most famous work was on the Ramsey growth model, which is also known as the Ramsey-Cass-Koopmans model.-Biography:David Cass was born in 1937 in...
/ John S. Chipman - 1998 Alan HestonAlan HestonAlan W. Heston is an American economist best known for his collaborative work with fellow economist Robert Summers and the development of the Penn World Table .-Education and early life:...
/ Robert SummersRobert SummersRobert Summers is a U.S. economist and professor emeritus, University of Pennsylvania, where he taught from 1960. A widely cited early work by Summers is on the small-sample statistical properties of alternate regression estimators where analytical measures are unavailable.Summers received his... - 1997 Martin BronfenbrennerMartin BronfenbrennerMartin Bronfenbrenner was an internationally renowned economist who published over 250 scholarly papers and five books and served as William R. Kenan Jr. Professor Emeritus of Economics at Duke University...
/ Gordon TullockGordon TullockGordon Tullock is an economist and retired Professor of Law and Economics at the George Mason University School of Law. He is best known for his work on public choice theory, the application of economic thinking to political issues... - 1996 Armen AlchianArmen AlchianArmen Albert Alchian is an American economist and an emeritus professor of economics at the University of California, Los Angeles....
/ Robert MundellRobert MundellRobert Mundell, CC is a Nobel Prize-winning Canadian economist. Currently, Mundell is a professor of economics at Columbia University and the Chinese University of Hong Kong.... - 1995 Geoffrey H. Moore / Walter OiWalter OiWalter Yasuo Oi is the Elmer B. Milliman Professor of Economics at the University of Rochester in Rochester, New York...
- 1994 John HarsanyiJohn HarsanyiJohn Charles Harsanyi was a Hungarian-Australian-American economist and Nobel Memorial Prize in Economic Sciences winner....
/ Kelvin LancasterKelvin LancasterKelvin John Lancaster was a mathematical economist and John Bates Clark professor of economics at Columbia University. He is best known for the development of the Theory of the Second Best with Richard Lipsey... - 1993 Lionel W. McKenzieLionel W. McKenzieLionel Wilfred McKenzie was the Wilson Professor Emeritus of Economics at the University of Rochester. He was born in Montezuma, Georgia. He completed undergraduate studies at Duke University in 1939 and subsequently moved to Oxford that year as a Rhodes Scholar...
/ Anna SchwartzAnna SchwartzAnna Jacobson Schwartz is an economist at the National Bureau of Economic Research in New York City, and according to Paul Krugman "one of the world's greatest monetary scholars"... - 1992 Robert DorfmanRobert DorfmanRobert Dorfman was emeritus professor of political economy at Harvard University. Dorfman made great contributions to the fields of economics, group testing and in the process of coding theory....
/ Vernon L. SmithVernon L. SmithVernon Lomax Smith is professor of economics at Chapman University's Argyros School of Business and Economics and School of Law in Orange, California, a research scholar at George Mason University Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center, all in Arlington,... - 1991 Irving B. Kravis / Herbert ScarfHerbert ScarfHerbert Eli "Herb" Scarf is an American mathematical economist and Sterling Professor of Economics at Yale University. He is a member of the American Academy of Arts and Sciences...
- 1990 Victor R. Fuchs / Merton MillerMerton MillerMerton Howard Miller was the co-author of the Modigliani-Miller theorem which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William Sharpe...
- 1989 Jacob MincerJacob MincerJacob Mincer , was a father of modern labor economics. He was Joseph L. Buttenwiser Professor of Economics and Social Relations at Columbia University for most of his active life.-Biography:...
/ Guy Orcutt - 1988 Hendrik Houthakker / Roy RadnerRoy RadnerRoy Radner is currently Leonard N. Stern School Professor of Business at New York University. He is a micro-economic theorist with varied interests...
- 1987 Arthur GoldbergerArthur GoldbergerArthur Stanley Goldberger was an econometrician and an economist. He worked with Nobel Prize winner Lawrence Klein on the development of the famous Klein–Goldberger macroeconomic computer model at the University of Michigan...
/ Thomas SchellingThomas SchellingThomas Crombie Schelling is an American economist and professor of foreign affairs, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park. He is also co-faculty at the New England Complex Systems Institute... - 1985 Joseph Pechman / Paul Rosenstein-RodanPaul Rosenstein-RodanPaul Narcyz Rosenstein-Rodan was an Austrian economists of Polish-Jewish origin born in Kraków, who was trained in the Austrian tradition under Hans Mayer in Vienna...
- 1984 Evsey DomarEvsey DomarEvsey David Domar was a Russian American economist, famous as co-author of the Harrod–Domar model.- Life :Evsey Domar was born on April 16, 1914 in the Polish city of Łódź, which belonged to Russia at that time...
/ Albert O. HirschmanAlbert O. HirschmanAlbert Otto Hirschman is an influential economist who has authored several books on political economy and political ideology. His first major contribution was in the area of development economics. Here he emphasized the need for unbalanced growth... - 1983 Abram BergsonAbram BergsonAbram Bergson , born Abram Burk, was an American economist. He was born in New York City....
/ James M. BuchananJames M. BuchananJames McGill Buchanan, Jr. is an American economist known for his work on public choice theory, for which he received the 1986 Nobel Memorial Prize in Economic Sciences. Buchanan's work initiated research on how politicians' self-interest and non-economic forces affect government economic policy... - 1982 Joe S. Bain / Gérard DebreuGerard DebreuGérard Debreu was a French economist and mathematician, who also came to have United States citizenship. Best known as a professor of economics at the University of California, Berkeley, where he began work in 1962, he won the 1983 Nobel Memorial Prize in Economics.-Biography:His father was the...
- 1981 Edward F. Denison / H. Gregg Lewis
- 1980 Charles P. KindlebergerCharles P. KindlebergerCharles Poor "Charlie" Kindleberger was a historical economist and author of over 30 books. His 1978 book Manias, Panics, and Crashes, about speculative stock market bubbles, was reprinted in 2000 after the dot-com bubble. He is well known for hegemonic stability theory.-Life:Kindleberger was born...
/ Solomon Fabricant - 1979 Margaret G. Reid / Ronald CoaseRonald CoaseRonald Harry Coase is a British-born, American-based economist and the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School. After studying with the University of London External Programme in 1927–29, Coase entered the London School of Economics, where he took...
- 1978 Richard MusgraveRichard MusgraveRichard Abel Musgrave was an American economist of German heritage. His most cited work is The Theory of Public Finance , described as "the first English-language treatise in the field."-Life:...
/ William VickreyWilliam VickreyWilliam Spencer Vickrey was a Canadian professor of economics and Nobel Laureate. Vickrey was awarded the Nobel Memorial Prize in Economics with James Mirrlees for their research into the economic theory of incentives under asymmetric information... - 1977 Harry Gordon JohnsonHarry Gordon JohnsonHarry Gordon Johnson was a Canadian economist who studied topics such as International trade and International finance.He was born on 26 May 1923 in Toronto, Canada, the elder son of two children of Henry Herbert Johnson, newspaperman and later secretary of the Liberal Party of Ontario, and his...
/ Leonid HurwiczLeonid HurwiczLeonid "Leo" Hurwicz was a Russian-born American economist and mathematician. His nationality of origin was Polish. He was Jewish. He originated incentive compatibility and mechanism design, which show how desired outcomes are achieved in economics, social science and political science... - 1976 Oskar MorgensternOskar MorgensternOskar Morgenstern was a German-born Austrian-School economist. He, along with John von Neumann, helped found the mathematical field of game theory ....
/ Herbert SimonHerbert SimonHerbert Alexander Simon was an American political scientist, economist, sociologist, and psychologist, and professor—most notably at Carnegie Mellon University—whose research ranged across the fields of cognitive psychology, cognitive science, computer science, public administration, economics,... - 1975 Moses AbramovitzMoses AbramovitzMoses Abramovitz was an American economist. He was born in Brooklyn, New York. He studied economics at Harvard University and earned a doctorate at Columbia University. In 1945 and 1946, he was economic adviser to the United States representative on the Allied Reparations Commission...
- 1973 Tibor ScitovskyTibor ScitovskyTibor de Scitovsky, also known as Tibor Scitovsky, , was a Hungarian born, American economist who was best known for his writing on the nature of people's happiness in relation to consumption...
- 1972 Robert Aaron Gordon / Carl ShoupCarl ShoupCarl Sumner Shoup was an economist who led the Shoup Mission of seven economists at the invitation of General MacArthur to revise the Tax System in post World War II Japan. Directly contributed to the tax codes of Canada, the United States, Japan, Europe, and South and Central America in the...
- 1971 Nicholas Georgescu-RoegenNicholas Georgescu-RoegenNicholas Georgescu-Roegen, born Nicolae Georgescu was a Romanian mathematician, statistician and economist, best known for his 1971 magnum opus The Entropy Law and the Economic Process, which situated the view that the second law of thermodynamics, i.e., that usable "free energy" tends to disperse...
/ Tjalling KoopmansTjalling KoopmansTjalling Charles Koopmans was the joint winner, with Leonid Kantorovich, of the 1975 Nobel Memorial Prize in Economic Sciences.... - 1970 Arthur Lewis
- 1969 Ludwig von MisesLudwig von MisesLudwig Heinrich Edler von Mises was an Austrian economist, philosopher, and classical liberal who had a significant influence on the modern Libertarian movement and the "Austrian School" of economic thought.-Biography:-Early life:...
/ Alexander GerschenkronAlexander GerschenkronAlexander Gerschenkron was a Russian-born American Jewish economic historian and professor in Harvard, trained in the Austrian School of economics.Gerschenkron kept to his roots - in his economics, history and as a critic of Russian literature... - 1968 Lloyd MetzlerLloyd MetzlerLloyd Appleton Metzler was an American economist best known for his contributions to international trade theory. He was born at Lost Springs, Kansas in 1913. Although most of his career was spent at the University of Chicago, he was not a member of the Chicago school, but rather a Keynesian...
- 1967 Jacob MarschakJacob MarschakJacob Marschak was an American economist of Ukrainian Jewish origin.- Life :...
- 1966 Abba P. LernerAbba P. LernerAbba Ptachya Lerner was an American economist.Lerner was born on October 28, 1903 in Bessarabia . He grew up in a Jewish family, which emigrated to Great Britain when Lerner was three years old. Lerner grew up in the London East End. From the age of sixteen he worked as a machinist, a teacher in...
- 1965 Edward ChamberlinEdward ChamberlinEdward Hastings Chamberlin was an American economist. He was born in La Conner, Washington.Chamberlin studied first at the University of Iowa , then pursued graduate-level studies at the University of Michigan, eventually receiving his Ph.D...
/ Harold HotellingHarold HotellingHarold Hotelling was a mathematical statistician and an influential economic theorist.He was Associate Professor of Mathematics at Stanford University from 1927 until 1931, a member of the faculty of Columbia University from 1931 until 1946, and a Professor of Mathematical Statistics at the...
Source: http://www.aeaweb.org/honors_awards/disting_fellows.php
Attitudes of members
In 1959, George StiglerGeorge Stigler
George Joseph Stigler was a U.S. economist. He won the Nobel Memorial Prize in Economic Sciences in 1982, and was a key leader of the Chicago School of Economics, along with his close friend Milton Friedman....
argued that studying economics tends to make one “conservative,” and indeed that "economists are conservative." Paul Krugman
Paul Krugman
Paul Robin Krugman is an American economist, professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times...
contends that the neoclassical micro-macro synthesis was “an imperfect but workable union achieved half a century ago, which has allowed economists to combine moderately activist views about monetary policy with otherwise generally free market beliefs.” Deirdre McCloskey
Deirdre McCloskey
Deirdre N. McCloskey is an American economics professor. Her job title at the University of Illinois at Chicago is Distinguished Professor of Economics, History, English, and Communication...
, exposing the "secret sins of economists," in 2002 said, “Libertarianism is typical of economics, especially English-speaking economics, and most especially American economics”
Using survey data from professors in the 1970s, sociologist Seymour Martin Lipset
Seymour Martin Lipset
Seymour Martin Lipset was an American political sociologist, senior fellow at the Hoover Institution, and the Hazel Professor of Public Policy at George Mason University. His major work was in the fields of political sociology, trade union organization, social stratification, public opinion, and...
concluded, "Many of the most influential younger scholars in [economics] are supporters of varying forms of antistatist free-market doctrines” More recent 21st century surveys show very different results and demonstrate that free-market economists constitute a small portion of all economists. A survey of a sample of AEA members identified their views on 18 specific forms of government activism, finding that about 8% of AEA members can be considered supporters of free-market principles and that less than 3% may be called strong supporters. Even the average Republican AEA member is 'middle-of-the-road,' not free market.
William McEachern, an economist at the University of Connecticut
University of Connecticut
The admission rate to the University of Connecticut is about 50% and has been steadily decreasing, with about 28,000 prospective students applying for admission to the freshman class in recent years. Approximately 40,000 prospective students tour the main campus in Storrs annually...
, analysed the 2004 campaign contributions of AEA members, committee members, officers, editors, referees, authors, and acknowledgees. He found that 2004 contributions heavily favored the Democratic Party
Democratic Party (United States)
The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous...
, especially among leadership positions.
He argues that this contradicts AEA's claim of non-partisanship, that it harms the economics profession by favoring certain opinions over others, and that it cripples the spirit of discussion that AEA seeks to promote and may lead to intellectual complacency.
Critics of McEachern's stance argue that investigation of AEA economists' campaign contributions is inappropriate. They favor investigation of research, rather than the researcher whose views and ideologies are irrelevant to the data published. Moreover, membership in the Association is open to anyone, regardless of their political views, and thus the political affiliation of members reflects only the decisions of various individuals to join the Association.
Proponents of such investigations argue that a disclosure of ideological sensibilities will enhance authentic discourse. Readers are better able to interpret the text and watch for bias. Nobel laureate Gunnar Myrdal
Gunnar Myrdal
Karl Gunnar Myrdal was a Swedish Nobel Laureate economist, sociologist, and politician. In 1974, he received the Nobel Memorial Prize in Economic Sciences with Friedrich Hayek for "their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the...
is among the supporters of ideological self-disclosure in economic discourse.