The Max Planck Institute of Economics, founded in 1993 as Max Planck Institute for Research into Economic Systems with the intention to research the transition of the former socialist economic systems, now conducts research on a broad set of problems relating to change in modern economies more generally, experimental economics, and entrepreneurial studies. It is organized into two research units, the Evolutionary Economics Group (director: Ulrich Witt) and the Strategic Interaction Group (director: Werner Güth). Since 2007 the Institute hosts the International Max Planck Research School on Adapting Behavior in a Fundamentally Uncertain World (IMPRS).
The Scientific Advisory Board of the institute is made up of Simon Gächter - Nottingham, Jean Luc Gaffard - Sophia Antipolis-Nice, Steven Klepper - Pittsburgh, Franco Malerba - Milano, Stanley Metcalfe - Manchester, Luigi Mittone - Trento, Arno Riedl - Maastricht, J. Barkley Rosser Jr. - Harrisonburg, Marie-Claire Villeval - Lyon.
The institute is part of the Max Planck Society for the Advancement of Science, Germany's largest research organization. The Max Planck Society employs over 4,400 researchers in some 80 institutes in both the sciences and the humanities.
Location
The Max Planck Institute is located in Jena, a midsize town located halfway in between Berlin and Munich and halfway in between Frankfurt and Dresden.
Situated above the banks of the Saale river in a beautiful garden, the institute features state-of-the-art office and seminar facilities, as well as accommodation for visiting scholars. The institute's library holds some 25.000 volumes and has subscriptions to some 200 periodicals, including all major economic journals.
Some impressions about the institute.
Information for Guests and Visitors
- General Information (PDF)
- IT Related Questions (PDF)
- Guest Rooms at the Institute
- Hotels and Accommodations in Jena
- Travel Directions: Access by aircraft, train, car
- City Map (small) / City Map (big)

![[Campus Overview]](/bilder/institute/map2.png)