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12-583: 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." The award is named after the American economist John Bates Clark (1847–1938). According to The Chronicle of Higher Education , it "is widely regarded as one of the field's most prestigious awards... second only to

24-556: A three-day annual meeting in January to present papers on general economic subjects. The annual meeting features about 500 scholarly sessions. A placement service to assist employers and job applicants begins a day before the meetings. A continuing education program is held immediately after the annual meeting. Topics vary from year to year. The AEA publishes three economics journals: the American Economic Review ,

36-586: Is published electronically monthly (except January and July). Each year, the AEA recognizes the lifetime research contributions of four economists by electing them Distinguished Fellows. The Association also awards the John Bates Clark Medal for outstanding research accomplishments in economics annually 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. As of 2024 ,

48-527: The Journal of Economic Literature , and the Journal of Economic Perspectives . In 2009, it began to publish four new area-specific journals, collectively American Economic Journal ( AEJ ), reporting on applied economics, economic policy, macroeconomics, and microeconomics. The AEA recognizes annually a Best Paper Award for papers published in each of the four areas. The AEA also publishes AEA Papers and Proceedings each May, featuring papers presented at

60-836: The German historical school , including Richard T. Ely , Edwin Robert Anderson Seligman and Katharine Coman , the only woman co-founder; 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; and 3) The encouragement of perfect freedom of economic discussion. The Association will take no partisan attitude nor commit its members to any position on practical economic questions. The Association publishes one of

72-688: 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 catalogues and annotates 2,000+ internet sites under some 97 sections and subsubsections. RFE is currently updated on a monthly basis. The AEA resource, Job Openings for Economists (JOE) originated in October 1974, and lists job openings for economists. It

84-670: The Nobel Memorial Prize in Economic Sciences ." Many of the recipients went on to receive the Nobel Prizes in their later careers, including the inaugural recipient Paul Samuelson . The award was made biennially until 2007, but from 2009 is now awarded every year because of the growth of the field. Although the Clark medal is billed as a prize for American economists, it is sufficient that the candidates work in

96-586: The AEA meetings in January. Until 2017, these papers were published in the May issue of the American Economic Review . 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 worldwide. It follows

108-523: The US at the time of the award; US nationality is not necessary to be considered. American Economic Association The American Economic Association ( AEA ) is a learned society in the field of economics . It publishes several peer-reviewed journals. There are some 23,000 members. The AEA was established in 1885 in Saratoga Springs, New York by younger progressive economists trained in

120-476: The most prestigious academic journals in economics, namely, the American Economic Review . Once composed primarily of college and university economics teachers, the Association, headquartered in Nashville, Tennessee , now attracts increasing members from business and professional groups. Today, the membership is about 23,000, and over half are academics. About 15% are employed in business and industry, and

132-2338: The president of the association is Janet Currie . As of 2021, 18% of presidents have been alumni and 20% faculty of Harvard University . Past presidents of the association: Distinguished Fellow honorees include: JEL classification codes There are 26 primary JEL categories: Each JEL primary category has secondary and tertiary subcategories, for example, under JEL: D – Microeconomics: JEL code (sub)categories, including periodic updates, are referenced at Journal of Economic Literature (JEL) Classification System . Links to definitions of (sub)categories are at JEL Classification Codes Guide with corresponding examples of article titles linked to publication information, such as abstracts . Articles in economics journals also list JEL codes (for example JEL: B12 ), facilitating their use across search engines . Comprehensive uses of JEL (sub)classifications include: A1 General Economics A2 Economic Education and Teaching of Economics A3 Collective Works B1 History of Economic Thought through 1925 B2 History of Economic Thought since 1925 B3 History of Economic Thought : Individuals B4 Economic Methodology B5 Current Heterodox Approaches C1 Econometric and Statistical Methods and Methodology : General C2 Single Equation Models • Single Variables C3 Multiple or Simultaneous Equation Models • Multiple Variables C4 Econometric and Statistical Methods: Special Topics C5 Econometric Modeling C6 Mathematical Methods • Programming Models • Mathematical and Simulation Modeling C7 Game Theory and Bargaining Theory C8 Data Collection and Data Estimation Methodology • Computer Programs C9 Design of Experiments D1 Household Behavior and Family Economics D2 Production and Organizations D3 Distribution D4 Market Structure, Pricing, and Design D5 General Equilibrium and Disequilibrium D6 Welfare Economics D7 Analysis of Collective Decision-Making D8 Information, Knowledge, and Uncertainty D9 Micro-Based Behavioral Economics E1 General Aggregative Models E2 Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy E3 Prices, Business Fluctuations, and Cycles E4 Money and Interest Rates E5 Monetary Policy, Central Banking, and

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144-517: The remainder largely by federal, state, and local government or other not-for-profit organizations. As an organization, the AEA has been very hierarchical, as the leadership has been dominated by academics from six academic institutions: Harvard, MIT, Chicago, Columbia, Stanford, and Princeton. AEA, in conjunction with over 50 associations in related disciplines known as the Allied Social Science Associations , holds

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