Royal Economic Society
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| Motto | Amor urget habendi (Acquisitiveness impels) |
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| Formation | 1890 as the British Economic Association - 1902 became Royal Economic Society on receiving a Royal Charter |
| Legal status | Registered charity |
| Purpose | Promoting the study of economic science |
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President:
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Andrew Chesher (2016-2017) Sir Charles Bean (April 2013-2015) / John Moore (2015-2017) |
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Main organ
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Executive Committee and Council / Economic Journal |
| Website | www.res.org.uk |
The Royal Economic Society (RES) is a professional association that promotes the study of economic science in academia, government service, banking, industry, and public affairs. Originally established in 1890 as the British Economic Association, it was incorporated by royal charter on December 2, 1902. The society is a charity registered with the U.K. Charity Commission under charity number 231508.
The RES has two publications produced by Wiley-Blackwell Publishing: The Economic Journal, first published in 1891, and The Econometrics Journal, first published in 1998. Both journals are available online through the RES website. In addition, the RES supports a number of committees, including the Women’s Committee and the Conference of Heads of University Departments of Economics (CHUDE). The society also hosts an annual conference.
Today, the society is managed by an executive committee that is responsible for developing and executing the society's policies and activities. The committee consists of economists from across the U.K., currently (2016-2017) presided over by Andrew Chesher, professor of Economics at the University College London. The incoming president (2017-2018) is Peter Neary, professor of Economics at the University of Oxford.
British Economic Association was founded in response to changing attitudes towards economics in the 1880s. Up until that point, the study of economics was typically taught as part of a broad curriculum, alongside subjects such as history and philosophy, and those engaging in the study of economics came from a number of professions and academic disciplines. Towards the end of the nineteenth century, there were academic movements to clearly demarcate and to define disciplines as scholarly subjects in their own right. For example, those in the fields of history and philosophy inaugurated such journals as The English Historical Review (1886) and Mind (1887), publications aimed mainly at their respective areas of study. Economic thinkers followed this example.
The same period also saw the revival of fundamentalist, socialist critique of economics. In order to protect the discipline from damaging criticism while still encouraging intellectual discussion, many economic thinkers strove to draw economics more decidedly within the realm of scholarly debate.
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