Max Planck Institute of Economics
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The Max Planck Institute of Economics (Max-Planck-Institut für Ökonomik) was founded in 1993 as the Max Planck Institute for Research into Economic Systems (Max-Planck-Institut zur Erforschung von Wirtschaftssystemen). Its initial mission was researching the transition of the former Eastern European socialist economic systems, but it now researches a broad set of problems relating to change in modern economies more generally, including evolutionary economics, experimental economics, and entrepreneurial studies. The institute is one of 80+ research institutes of the Max Planck Society (Max Planck Gesellschaft) and is located in Jena.
It is organized into three research units:
- Evolutionary Economics Group (director: Ulrich Witt),
- Strategic Interaction Group (director: Werner Güth)
- Entrepreneurship, Growth and Public Policy Group (director: David B. Audretsch).
The institute is located in the Kahlaische Strasse, about 1 km south-east of the city centre. It is housed in an attractively restored Victorian villa, linked by a glass bridge to a much larger modern building, which includes offices and other facilities for each of the research units, each unit having one floor of the main section of the building. In addition the new buildings include a substantial library, and apartments where visitors to the institute can be accommodated.
Scientific advisory board
The Scientific advisory board of the institute is made up of Richard Day (chair); Siegfried Berninghaus, Simon Gächter, Jean Luc Gaffard, Steven Klepper, Hartmut Kliemt, Franco Malerba, Stanley Metcalfe, Richard Nelson, and Bart Nooteboom.
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