American Finance Association

The AFA was planned at a meeting in December 1939 in Philadelphia. The Journal of Finance was first published in August 1946 when dues were $3 a year. Association membership has grown steadily over time. Today the AFA has over 8,000 members and dues are $40 a year. The AFA sponsors an annual meeting each January where the President speaks on a chosen topic and papers which cover the gamut of financial topics are presented. The current President of the Association is Darrell Duffie of Stanford University. David H. Pyle of the University of California, Berkeley serves as Executive Secretary and Treasurer.