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Encyclopedia > American Economic Association

The American Economic Association, or AEA, is the oldest and most important professional organization in the field of economics. It was established in 1885. Its current president is Daniel McFadden of the University of California, Berkeley. Economics (deriving from the Greek words οίκος [oikos], house, and νέμω [nemo], rules hence household management) is the social science that studies the allocation of scarce resources to satisfy unlimited wants. ... Daniel L. McFadden (born July 29, 1937) is an econometrician who won (jointly with James Heckman) the 2000 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for his development of theory and methods for analyzing discrete choice. He is currently the E. Morris Cox Professor of... University of California, Berkeley The University of California, Berkeley (also known as Cal, UC Berkeley, UCB, or simply Berkeley) is a public coeducational university situated in the foothills of Berkeley, California, USA to the east of San Francisco Bay, overlooking the Golden Gate. ...


The AEA publishes three economics journals: the American Economic Review, the Journal of Economic Literature, and the Journal of Economic Perspectives. It also publishes EconLit, which is a database of economics articles from many different sources.

The AEA holds an annual meeting at which members present papers. It is also an important event in the economics job market, because universities looking to hire new faculty members will often interview candidates at that time.

The AEA awards the John Bates Clark Medal every two years. The most recent winner is Daron Acemoglu. The John Bates Clark Medal is awarded biannually 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. Named after the American Neoclassical economist John Bates Clark (1847-1938), it is considered... Daron Acemoglu (Turkish: Daron AcemoÄŸlu), born on September 3, 1967 in Istanbul, Turkey is an US-American economist of Turkish descent. ...

External links

The American Economic Association

  Results from FactBites:
§20. The American Economic Association. XXIV. Economists. Vol. 18. Later National Literature, Part III. The ... (652 words)
The real beginning of the modern science of economics is to be found in that group of younger men, all of them, with one exception, still living, who founded at Saratoga in 1883 the American Economic Association.
This doctrine, in connection with his theory of capital and his distinction between static and dynamic economics, has shed a flood of light on the recesses of economic life and has been the starting point of much modern discussion.
Among his contributions may be mentioned French and German Socialism (1883), Taxation in American States and Cities (1888), Monopolies and Trusts (1900), Outlines of Economics (1893), Studies in the Evolution of Industrial Society (1903), and Property and Contract (1914).
American Economic Association (1306 words)
If Institutionalists were overrepresented in its early membership rolls, it was because American marginalists were reluctant to join - either because they were suspicious of the AEA or were afraid their participation in it would be tantamount to acknowledging Institutionalists as professional equals in economics.
Distinguished lecture to the AEA, instituted in 1962 and not confined to Americans.
"Purposes of the American Economic Association" and "Constitution of the American Economic Association", from the Handbook of the American Economic Association, 1913.
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