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Journal of Political Economy
Edited byMagne Mogstad
Publication details
University of Chicago Press for the University of Chicago Department of Economics and the University of Chicago Booth School of Business
9.103 (2020)
Standard abbreviations
ISO 4J. Political Econ.
ISSN0022-3808 (print)
1537-534X (web)
OCLC no.300934604

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 Magne Mogstad (University of Chicago).

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

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 [3] , 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".[4]

The journal is department-owned University of Chicago journal.[5]

Notable papers

Among the most influential papers that appeared in the Journal of Political Economy are:[6]

... stated Hotelling's rule, laid foundations to non-renewable resource economics.[7]
... first to apply econometric methods to a historic question, which triggered the development of Cliometrics.[8]
... highly influential for introducing the Black–Scholes model for option pricing.[9]
... re-introduced the Ricardian equivalence to macroeconomics, pointing out flaws in Keynesian theory.[10][11]
... influential new classical critique of Keynesian macroeconomic modelling.[12]
... the second of two papers in which Romer laid foundations to the endogenous growth theory.[13]
... revived the field of economic geography, introducing the core–periphery model.[14]


  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 Indexed". EconLit. American Economic Association. Retrieved 2022-02-25.
  4. ^ "Journals Ranked by Impact: Economics". 2020 Journal Citation Reports. Web of Science (Social Sciences ed.). Thomson Reuters. 2021.
  5. ^ Economics; Science (2020-06-10). "Should departments own and control journals?". Marginal REVOLUTION. Retrieved 2020-06-11.
  6. ^ 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.
  7. ^ 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.
  8. ^ 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.
  9. ^ Read, Colin (2012). The Rise of the Quants: Marschak, Sharpe, Black, Scholes and Merton. London: Palgrave Macmillan. ISBN 9780230274174.
  10. ^ Hoover, Kevin D. (1988). The New Classical Macroeconomics. Oxford: Basil Blackwell. pp. 140–149. ISBN 978-0-631-17263-5.
  11. ^ 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.
  12. ^ Thomas, R. L. (1993). Introductory Econometrics: Theory and Applications (2nd ed.). Harlow: Longman. p. 420. ISBN 978-0-582-07378-4.
  13. ^ Romer, David (2011). Advanced Macroeconomics (Fourth ed.). New York: McGraw-Hill. ISBN 9780073511375.
  14. ^ 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.