This paper presents a list of the top 20 articles published in the <em>American Economic Review</em> during its first 100 years. This list was assembled in honor of the <em>AER</em>'s one-hundredth anniversary by a group of distinguished economists at the request of <em>AER</em>'s editor. A brief description accompanies...

This laboratory experiment explores the extent to which impersonal exchange emerges from personal exchange with opportunities for long-distance trade. We design a three-commodity production and exchange economy in which agents in three geographically separated villages must develop multilateral...