Ten Best Papers in Economics (in English)

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					       Ten Best Papers in Economics (in English, and in my view)

         (First candidates as of September 2003; Comment and suggestion are welcome)




Young, Allyn Abbott (1928) Increasing Returns and Economic Progress, EJ, 29 Dec

Ramsey, Frank Plumpton (1928) A Mathematical Theory of Saving, EJ, 38, Dec.

Friedman, Milton and L.G. Savage (1948) The Utility Analysis of Choice Involving Risk, JPE, 56,
August

Rybczynski, Tadeusz M (1955) Factor Endowment and Relative Commodity Prices, Ec, 84, Nov

Solow, Robert (1956) A Contribution to the Theory of Economic Growth, QJE, 70, Feb.

Coase, Ronald Harry (1960) The Problem of Social Cost, J Law Econ. 3, Oct.

Lucas, Robert E. Jr. (1975) Econometric Policy Evaluation: A Critique

Akerlof, George A. (1970) The Market for “Lemons”, QJE, 84(3), Aug.

Dornbusch, Rudiger (1976) Expectations and Exchange Rate Dynamics, JPE, 84(6), Dec.

Romer, Paul M. (1986): Increasing Returns and Long-Run Growth, JPE, 94(5), Oct.
                                  Second Candidates




Coase, Ronald Harry (1937) The Nature of the Firm, Economica, N.S. 4, Nov.

Lipsey, Richard and K. Lancaster (1957) The General Theory of Second Best, REStud, June

Griliches, Zvi (1957) Hybrid Corn: An Exploration in the Economics of Technological Change,
Econometrica, 25(4), Oct.

Bator, F. (1958) The Anatomy of Market Failure, Quarterly Journal of Economics, 351-379

Phillips, A.W. (1958) The Relation between Unemployment and the Rate of Change of Money
Wage Rates in the United Kingdom, 1861-1957, Ec. N.S. 25, Nov

Arrow, Kenneth Joseph, Chenery, Hollis B., Minhas Bagicha S., Solow, Robert M. (1961)
Capital-Labor Substitution and Economic Efficiency, REStat, 43, June

Bhagwati, Jagdish (1958) Immiserizing Growth: A Geometrical Note, Review of Economic
Studies, 25(3): 201-205

Arrow, Kenneth Joseph (1962) The Economic Implications of Learning by Doing, REStud, 29
(June)

Vernon, Raymond (1968) International Investment and International Trade in the Product Cycle,
QJE, 80, May

Krueger, Anne Osborne (1974) The Political Economy of the Rent-seeking Society, AER 5
(April/May): 381-84

Kydland, Finn E. and Edward C. Prescott (1977) Rules rather than Discretion: The Inconsistency
of Optimal Plans, JPE 85 (3), June