The Max Planck Institute of Economics was founded in 1993 as the Max Planck Institute for Research into Economic Systems with the misson of researching the transition of the former Eastern European socialist economic systems, the Max Planck Institute of Economics researches a broad set of problems relating to change in modern economies; more generally, experimental economics, and entrepreneurial studies. The institute is on of 80 research institutes of the Max Planck Society (Max Planck Gesellschaft) and is located in Jena. Logo of the MPG File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Eastern Europe is the eastern region of Europe variably defined. ... Socialism refers to a broad array of doctrines or political movements that envisage a socio-economic system in which property and the distribution of wealth are subject to social control. ... Face-to-face trading interactions among on the New York Stock Exchange trading floor Economics, as a social science, studies the production, distribution, and consumption of commodities. ... Experimental economics is the use of experimental methods to evaluate theoretical predictions of economic behaviour. ... The Max-Planck-Gesellschaft zur Förderung der Wissenschaften e. ... Jena is a town in central Germany on the River Saale. ...

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).

Ulrich Witt is the Director of Evolutionary Economics Group and Professor for Economics, Department of Economics, University of Jena, Germany. ...

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.

External link

• (English) Hompage of the Max Planck Institute of Economics

Coordinates: 50°55′3″N, 11°34′41″E Map of Earth showing lines of latitude (horizontally) and longitude (vertically), Eckert VI projection; large version (pdf, 1. ...