The American Economic Association, or AEA, is a learned society in the field of economics. It publishes one of the most prestigious academic journals in economics: the American Economic Review. [1][2] The AEA was established in 1885 by religious and social reformer Richard T. Ely and others who had been trained in Germany under Gustav Schmoller and other members of the "younger" German Historical School. 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; 3) The encouragement of perfect freedom of economic discussion. The Association as such will take no partisan attitude, nor will it commit its members to any position on practical economic questions. Its current president is Angus Deaton of Princeton University.[3]
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