The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Royal Economic Society

  • Roger Middleton
Reference work entry


Originally founded in 1890 as the British Economic Association (BEA), the Royal Economic Society (RES) assumed its current title in 1902 when it obtained a Privy Council charter and royal patronage. The RES is now unquestionably the leading organization of professional economists in Britain, with its flagship publication the Economic Journal (EJ), a world-class general journal for theoretical and applied research (having in 2004 an International Statistical Institute, ISI, journal citation ranking of 15/172 and 1.723 impact factor). Such dominance, however, has not always been the case and was not easily achieved, with the RES’s fortunes, like those of many other long-established economics associations, subject to a changing complex of pressures, including at times competitors.


American Economic Association British Association for the Advancement of Science British Economic Association Edgeworth, F. Y. Harrod, R. F. Keynes. J. M. Marshall, A. Royal Economic Society Royal Statistical Society 

JEL Classifications

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  1. Coats, A.W. 1968. The origins and early development of the Royal Economic Society. Economic Journal 78: 349–371.CrossRefGoogle Scholar
  2. Kadish, A., and R.D. Freeman. 1990. Foundation and early years. In A century of economics: 100 years of the Royal Economic Society and the Economic Journal, ed. J.D. Hey and D. Winch. Oxford: Basil Blackwell.Google Scholar
  3. Keynes, J.M. 1940. The Society’s jubilee, 1890–1940. Economic Journal 50: 401–409.CrossRefGoogle Scholar
  4. Middleton, R. 1998. Charlatans or Saviours? Economists and the British economy from Marshall to Meade. Cheltenham: Edward Elgar.Google Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Roger Middleton
    • 1
  1. 1.