The Journal of Political Economy is an 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...

 run by economist

Economist

An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

s at the University of Chicago

University of Chicago

The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...

 and published every two months by the University of Chicago Press

University of Chicago Press

The University of Chicago Press is the largest university press in the United States. It is operated by the University of Chicago and publishes a wide variety of academic titles, including The Chicago Manual of Style, dozens of academic journals, including Critical Inquiry, and a wide array of...

. The journal publishes articles in both theoretical economics and empirical economics

Econometrics

Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...

. It has been published since 1892 and is among the most prestigious journals in economics.

Some of the most influential and well-read papers in economics have been published in the JPE, including:

• "Rules versus Authorities in Monetary Policy" (1936), by Henry C. Simons
• "Social Choice, Democracy, and Free Markets" (1954), by James M. Buchanan
  James M. Buchanan
  James 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...
  
  
• "The Economic Theory of a Common-Property Resource: The Fishery" (1954), by H. Scott Gordon
• "A Pure Theory of Local Expenditures
  Tiebout model
  The Tiebout model, also known as Tiebout sorting, Tiebout migration, or Tiebout hypothesis, is a positive political theory model first described by economist Charles Tiebout in his article "A Pure Theory of Local Expenditures"...
  
  " (1956), by Charles Tiebout
  Charles Tiebout
  Charles Mills Tiebout was an economist and geographer most known for his development of the Tiebout model, which suggested that there were actually non-political solutions to the free rider problem in local governance. Graduated Wesleyan University in 1950, received PhD in economics in University...
  
  
• "Money wage dynamics and labor market equilibrium" (1968), by Edmund Phelps
  Edmund Phelps
  Edmund 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...
  
  
• "The Pricing of Options and Corporate Liabilities" (1973), by Fischer Black
  Fischer Black
  Fischer Sheffey Black was an American economist, best known as one of the authors of the famous Black–Scholes equation.-Background:...
  
   and Myron Scholes
  Myron Scholes
  Myron Samuel Scholes is a Canadian-born American financial economist who is best known as one of the authors of the Black–Scholes equation. In 1997 he was awarded the Nobel Memorial Prize in Economic Sciences for a method to determine the value of derivatives...
  
  .
• "Are Government Bonds Net Wealth?" (1974), by Robert Barro
  Robert Barro
  Robert Joseph Barro is an American classical macroeconomist and the Paul M. Warburg Professor of Economics at Harvard University. The Research Papers in Economics project ranked him as the 4th most influential economist in the world as of August 2011 based on his academic contributions...
  
  
• "Rules Rather Than Discretion: The Inconsistency of Optimal Plans" (1977), by Finn E. Kydland
  Finn E. Kydland
  Finn Erling Kydland is a Norwegian economist. He is currently the Henley Professor of Economics at the University of California, Santa Barbara. He also holds the Richard P...
  
   and Edward C. Prescott
  Edward C. Prescott
  Edward Christian Prescott is an American economist. He received the Nobel Memorial Prize in Economics in 2004, sharing the award with Finn E. Kydland, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles"...
  
  
• "A Positive Theory of Monetary Policy in a Nature Rate Model" (1983), by Robert Barro and David B. Gordon
• "Bank Runs, Deposit Insurance, and Liquidity" (1983), by Douglas W. Diamond and Philip H. Dybvig
• "Technology Adoption in the Presence of Network Externalities" (1986), by Michael L. Katz and Carl Shapiro
  Carl Shapiro
  Carl Shapiro is the Transamerica Professor of Business Strategy at the Haas School of Business at the University of California, Berkeley. He is the co-author, along with Hal Varian, of Information Rules: A Strategic Guide to the Network Economy, published by the Harvard Business School Press...
  
  
• "International Real Business Cycles" (1992), by David K. Backus, Patrick J. Kehoe, and Finn E. Kydland
• "Law and Finance" (1998), by Rafael La Porta
  Rafael La Porta
  Rafael La Porta is the Nobel Foundation Professor of Finance at the Tuck School of Business at Dartmouth College. La Porta received his A.B. in economics at Universidad Catolica de Buenos Aries in Argentina and his A.M. and Ph.D. in economics at Harvard University in Cambridge, MA. La Porta served...
  
  , Florencio Lopez-de-Silanes, Andrei Shleifer
  Andrei Shleifer
  Andrei Shleifer is a Russian American economist. From its inauguration in 1992 until it was shut down in 1997, Shleifer served as project director of the Harvard Institute for International Developments Russian aid project...
  
  , and Robert W. Vishny
  Robert W. Vishny
  Robert Ward Vishny is an American economist and is the Myron S. Scholes Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.He...
  
  
• "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy" (2005), by Lawrence J. Christiano
  Lawrence J. Christiano
  Lawrence Joseph Christiano is an American economist and researcher. He is the Alfred W. Chase Chair in Business Institutions and a professor of Economics at Northwestern University. He has also taught at Carnegie Mellon University and the University of Chicago...
  
  , Martin Eichenbaum, and Charles L. Evans
  Charles L. Evans
  Charles L. Evans is the ninth president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee , the Federal Reserve System's monetary policy-making body.Before becoming president in September 2007, Evans served as...
  
  

External links

• Journal of Political Economy homepage