Economic Review: A History of Theoretical and Applied Economics
Founded during a pivotal era of economic thought, the journal known as the Review was established in 1933. Created by a collaborative group of economists from Britain and the United States, the publication was designed to provide a dedicated platform for the advancement of both theoretical and applied economics—the study of economic laws and their practical application to real-world situations.
Founding Principles and Governance
The journal was launched with a clear mission: to supplement existing publication facilities for new economic research, with a specific emphasis on supporting young writers. To maintain a fresh perspective and a commitment to emerging scholarship, the founding documents included a unique mandate: any member of the editorial board who attained the rank of Reader or Professor at a British University was required to resign their membership.
From its inception, the board of editors has maintained strict independence, operating without ties to any specific learned society or university department. The journal is published by Oxford University Press.
[ไม่มีภาพประกอบ]The Original Editorial Team
The intellectual direction of the journal was initially shaped by its founding editorial team, which consisted of three prominent figures:
A Hub for Macroeconomic Debate
In its formative years, the journal became a critical arena for the macroeconomic debates that defined 20th-century economics. It served as a primary record for the discourse between the followers of two towering figures in the field: Friedrich Hayek and John Maynard Keynes.
Notably, the publication featured contributions from younger economists such as Abba Lerner (a follower of Hayek) and members of the Cambridge Circus, a group of young economists who were instrumental in developing and promoting Keynesian economics.
Key Facts
- Founded: 1933
- Founding Region: Britain and the United States
- Publisher: Oxford University Press
- Primary Goal: Publishing new work in theoretical and applied economics, especially by young authors.
- Governance: Independent of university departments and learned societies.
| Category | Details |
|---|---|
| Founding Editors | Abba P. Lerner, Paul Sweezy, Ursula Kathleen Hicks |
| Key Intellectual Influences | Friedrich Hayek and John Maynard Keynes |
| Institutional Status | Independent Editorial Board |
| Target Contributors | Young writers in economics |
Frequently Asked Questions
When was the journal founded?
The journal was founded in 1933 by a group of economists from the United States and Britain.
Who were the original editors of the publication?
The original editorial team consisted of Abba P. Lerner, Paul Sweezy, and Ursula Kathleen Hicks.
What was the specific purpose of the journal at its start?
Its object was to provide more facilities for publishing new work on theoretical and applied economics, particularly for young writers.
How did the journal handle editorial board memberships?
To ensure the board remained focused on its mission, any member who became a Professor or Reader in a British University was required to resign.
Which economic schools of thought were represented in the early years?
The journal logged macroeconomic debates between followers of Friedrich Hayek and John Maynard Keynes, including members of the Cambridge Circus.