The International Economic Review was established in 1960 by two of the most active and acclaimed scholars in the economics profession: Michio Morishima, who was then at Osaka University's Institute of Social Economic Research (ISER), and Lawrence R. Klein, who was then at the University of Pennsylvania's Wharton School and Department of Economics. The goal was to provide a forum for modern quantitative economics. From its inception, the journal has tried to stimulate economic analysis by publishing cutting-edge research in many areas, including econometrics, macroeconomics, theory, and applied economics. The International Economic Review initiates the use of this electronic medium as a continuation of our mission to promote and disseminate economic research. The IER is now run as a non-profit joint academic venture between Osaka University's Institute of Social and Economic Research and the University of Pennsylvania's Department of Economics. IER Website: http://www.econ.upenn.edu/ier Contact: Michele Souli JSTOR provides a digital archive of the print version of International Economic Review. The electronic version of International Economic Review is available at http://www.interscience.wiley.com. Authorized users may be able to access the full text articles at this site.

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