Advancing Economic Understanding Through Theory, Institutions, and Judgment

The Institute for Advanced Economic Studies (IAES) is a research and educational institute dedicated to the rigorous study of economic systems, institutional order, and long-horizon coordination.

IAES exists to produce serious economic scholarship in an era marked by model failure, institutional strain, and persistent policy uncertainty. Its work is grounded in theory, disciplined by empirical reality, and oriented toward the enduring structures that govern economic life.

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Mission

The mission of IAES is to advance economic understanding by:

• Developing original economic theory

• Examining institutions as coordinating frameworks

• Training economists capable of judgment under uncertainty

• Producing scholarship that informs capital allocation and policy design

IAES seeks not to multiply models, but to clarify the economic logic that gives models meaning.

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Intellectual Orientation

IAES approaches economics as a discipline of reasoned order, not mechanical optimization.

Our work is guided by several foundational commitments:

• Economic theory is indispensable to interpretation

• Institutions shape incentives, information, and coordination

• Time, uncertainty, and expectations are central to economic analysis

• Measurement without theory leads to inference failure

• Economic policy must be evaluated structurally, not rhetorically

This orientation informs both research and instruction at the Institute.