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Max-Planck-Institut für Ökonomik

Max Planck Institute of Economics

Max Planck Institute of Economics


Portrait: Max Planck Institute of Economics

Max Planck Institute of Economics Villa and ExtensionThe Max Planck Institute of Economics was established in Jena in 1993 as the first economic institute of the Max Planck Society. Founding director was Prof. Emeritus Dr. Manfred E. Streit. The original research focus was laid on the transformation of former socialist economies. Subsequently, a broader spectrum of research topics was added, e. g. the question of the driving forces and laws for economic change in general, the research of determinants for in-novative entrepreneurial activities as well as strategic interaction.

During the two decades of its existence, four research departments were located at the MPI of Economics: Institutional Economics and Economic Policy (1993-2000, director: Manfred E. Streit), Evolutionary Economics (1995-2013, director: Ulrich Witt); Entrepreneurship, Growth and Public Policy (2005-2010, director: David Audretsch). The department Strategic Interaction, founded in 2001 (director: Werner Gueth) will continue to exist at the institute until the end of 2014.

Furthermore, the institute has been actively engaged in promoting junior scientists. Two interdisciplinary and international graduate programs, that will be existing beyond 2014, have been established with substantial involvement of the institute: The International Max Planck Research School on Adapting Behavior in a Fundamentally Uncertain World (IMPRS Uncertainty) and the doctoral program "The Economics of Innovative Change".

Renaming and Scientific Reorientation

On March 14, 2014, the Senate of the Max Planck Society decided to rename the Max Planck Institute of Economics as from now to "Max Planck Institute for History and the Sciences", to reflect the planned scientific re-orientation.

Jena Economic Research Papers

The Max Planck Institute of Economics and the Friedrich Schiller University in Jena share the peer reviewed joint research paper series Jena Economic Research Papers (JERP). JERP provides research papers of both institutions in electronic form under The latest addition from our Institute: "The Determinants of Decision Time" by Anna Conte, John D. Hey and Ivan Soraperra.

Papers on Economics & Evolution

Cover 'Papers on Economics and Evolution'The Evolutionary Economics Group edited the "Papers on Economics & Evolution", a series with a 20-year-long tradition. Several renowned economists have contributed, including K. Binmore, R. Day, N. Foss, J. Foster, B. Loasby, S. Metcalfe, J. Mokyr, R. Nelson, E. Ostrom and S. Winter. Issues back to 2004 can be downloaded here. For papers published before 2004 please contact

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