Andover Economics Review

What the Review is

The Andover Economics Review is a student-edited academic journal. Authors are high school students; the editorial board is drawn from AES members. The journal was created to give students a place to do real economics research and see it through to publication.

The journal covers economics broadly, including labor markets, public finance, behavioral economics, and economic history. Articles go through peer review before publication. The print edition is funded by the Abbot Academy Fund and distributed to students, faculty, and alumni.

Submissions for the next issue open in the spring. There is no restriction on topic, method, or school affiliation for authors. The editorial standard is rigor and clarity.

Andover Economics Review, Vol. 1

The inaugural issue covers topics including income redistribution and migration, Japan's labor policy response to depopulation, the anatomy of historical financial crises, China's green energy transition, and the political economy of financial regulation in early 18th-century Europe.

The issue has five articles written by AES members.

Read the issue (PDF) ↗

Spring 2026

Research Colloquium

AES is hosting its inaugural student research colloquium this spring. Members will present original economic research to a panel that includes outside guests.

About the colloquium →

Winter 2025

Articles in this issue

Andrew Liu

Income Redistribution: Problems of Politics and Migration

Examines why sub-national political polarization in the United States produces redistributive inefficiency, and how migratory externalities compound those inefficiencies. Uses public choice theory to argue that political reform is inseparable from redistributive solutions.

Henry Zimmerman

Changes in Japan's Labor and Immigration Policy Address Depopulation Concerns

Analyzes Japan's June 2024 expansion of its foreign worker visa program against the backdrop of decades of demographic decline, declining birth rates, and a shrinking labor supply. Surveys the policy responses considered over that period ("Womenomics," productivity reforms, the new visa legislation) and asks whether any combination of them can address a problem this structural.

Jakob Kuelps

A Recipe for Disaster: How Change, Money and Behavior Create Financial Crises

Traces a common structure across financial crises from the South Sea Bubble to the Crash of 1929: novel change, easy money, and irrational human behavior. Argues that all three must be present to produce a sustained market panic; no single factor is sufficient on its own.

Lisa de Boer

Will the Green Transition Save China's Economic Growth?

Examines whether China's green energy sector can replace the infrastructure investment, real estate development, and credit expansion that drove GDP growth for decades. In 2023, renewable energy accounted for an estimated 40% of overall GDP growth; the article asks whether this trajectory is sustainable as traditional drivers stall.

Grant DeHoog

L'état, C'est Quoi?: Balanced Power versus Absolute Rule in the Rupture of Financial Bubbles

Compares the British and French responses to the South Sea and Mississippi Bubbles of the early 18th century. Britain's constitutional framework, with the Bank of England as lender of last resort, enabled recovery; France's unchecked absolutist monarchy amplified the disaster and delayed financial development for generations. The article closes by asking what these cases imply about checks on monetary authority today.