Articles of category "American Economic Association"

One of the world's biggest and most influential countries, the United States boasts the largest and one of the most technologically advanced national economics, with a GDP of $12.4 trillion as of 2005. In this free market oriented, capitalistic economy, private enterprises and corporations comprise the majority of microeconomic decisions, as the government takes a minimal if any role in the domestic economy. Due to this, the US economics impacts on business firms means they face less regulation as compared to those in many other countries.

The oldest and the most influential organization in the field of economics, the American Economic Association, commonly referred to as AEA, was established in 1885 at a conference in New York by a group of people interested in economics. The Organization was incorporated in 1923 by Richard Ely, the first secretary of AEA. The current president of the Association is Daniel McFadden of the University of California at Berkeley.