The American Association for Economic Research (AAER) is a non-profit international scientific body dedicated to encouraging and communicating economic research and analysis, with membership open to all individuals involved or interested in economics. We hope this is a valuable opportunity for professional development. The AAER is interested in fostering closer connections between theory-oriented and policy-oriented economists, and co-operates, on a complementary and non-competing basis, with the existing international economic associations. The AAER’s main activities include publishing three refereed journals and staging scholarly conferences that are forums for current economic research. It seeks to promote personal contacts and mutual understanding among scholars in various parts of the world via the organization of scientific meetings, common research programs and by means of publications of a worldwide nature on economic policies and matters of current relevance. The AAER will take no partisan attitude, nor will it commit its members to any position on practical economic questions.