American Economic Association

The American Economic Association ( AEA) was founded in Saratoga, New York, 1885 by Richard T. Ely, Henry C. Adams and Edwin RA Seligman. She was one of the club modeled for Social Policy American Association of economists, but evolved over time into an international association. It has its headquarters in Nashville ( Tennessee), USA.

Importance of AEA

The AEA is true with about 22,000 members (as of 2008 ) as one of the largest associations of economics. Although it has its seat in the United States, it has a very high degree of internationality of the members. In its founding statutes are formulated as main objectives:

  • Promotion of economic research
  • Promotion of free economic discourse

The published since 1911, American Economic Review is one of the most influential and the most prominent publications in economics worldwide.

In addition, the AEA operates important for the economic research literature database EconLit and awards with the John Bates Clark medal, a prestigious research award.


The AEA publishes seven journals on economic issues:

  • The American Economic Review ( AER) - since 1911
  • The Journal of Economic Literature ( JEL ) - since 1969
  • The Journal of Economic Perspectives ( JEP ) - since 1986
  • The American Economic Journal: Applied Economics - since 2009
  • The American Economic Journal: Economic Policy - since 2009
  • The American Economic Journal: Macroeconomics - since 2009
  • The American Economic Journal: Microeconomics - since 2009

Selection of past presidents

Among the presidents of the American Economic Association, there are numerous popular economists. So far, 22 former presidents of the AEA winner of the Nobel Prize for Economics:

  • Simon Kuznets
  • Paul A. Samuelson
  • Kenneth J. Arrow
  • Wassily Leontief
  • Tjalling C. Koopmans
  • Milton Friedman
  • Theodore W. Schultz
  • W. Arthur Lewis
  • Lawrence R. Klein
  • James Tobin
  • George J. Stigler
  • Gerard Debreu
  • Franco Modigliani
  • Robert M. Solow
  • Gary S. Becker
  • Robert W. Fogel
  • Robert E. Lucas, Jr.
  • William Vickrey
  • Amartya Sen
  • Daniel McFadden
  • George A. Akerlof
  • Thomas C. Schelling
  • Angus Deaton