Mission & HistoryAIER's ongoing scientific research demonstrates the importance of these principles in advancing peace, prosperity and human progress. American Institute for Economic ResearchAIER_278fd412-ae2d-11e9-ae67-c239523432e1The Institute, founded in 1933, was the first independent voice for sound economics in the United States. Today it publishes ongoing research, hosts educational programs, sponsors interns and scholars, and is home to the world-renowned Bastiat Society and the highly respected Sound Money Project. The American Institute for Economic Research is a 501c3 public charity.AmericansE.C. HarwoodFOUNDER (1900-1980) -- Col. Harwood, a graduate of the United States Military Academy, was serving in the Army Corps of Engineers in the 1920s when he undertook as an avocation the intensive study of economics, with particular emphasis on money-credit problems. He began with economic texts by authors whose names began with "A" and exhausted a library in less than three years. He found chaos among economists' views arising from semantic mires and pre-scientific notions about human "knowledge." He next began intensive study of what philosophers and logicians had said about knowing, finding there, too, muddled inquiries. Some American philosophers, Charles S. Peirce and William James, were different and had broken with ancient traditions by incorporating scientific procedures. Later, John Dewey and Arthur F. Bentley furthered scientific analysis with their development of a "transactional" approach to "problem solving." Since its beginning, AIER has recognized the importance of developing and adhering to such useful procedures of inquiry as antecedent and inseparably linked to inquiry in all fields, including economics. In 1928 and 1929 Col. Harwood warned in several articles published in the financial journals that the speculative "boom" then underway was attributable primarily to the excessive creation of purchasing media and that the failure to stop the inflating process would lead to a major "bust." By 1933 the magnitude of the Great Depression suggested the need for an independent research organization to inquire into the wide range of economic, social, and monetary developments that had contributed to the catastrophic economic contraction. Col. Harwood deemed necessary that such an organization avoid financial dependence on a few individuals or groups with pet panaceas or special interests. Vice President Vannevar Bush of MIT suggested that an independent research organization offering its results directly to the public might be possible. With $200 Col. Harwood began operations in 1933. Since its inception, the Institute's publications have enjoyed a wide sale, and thousands of Sustaining Members provide a financial base for its work...AIER StaffBrian C. AlbrechtContributor, Sound Money ProjectChloe AnagnosPublications ManagerPatricia AreanoSocial Media SpecialistPeter BoettkeSenior FellowDonald J. BoudreauxSenior FellowTaleed BrownMedia Production SpecialistScott A. BurnsFellow, Sound Money ProjectNicolás CachanoskyFellow, Sound Money ProjectArt CardenSenior FellowJames L. CatonFellow, Sound Money ProjectStephen DaviesSenior FellowVeronique de RugySenior FellowBrad DeVosDirector of ProgramsRichard DonovanFacilities TechnicianGerald P. DwyerSenior Fellow, Sound Money ProjectPeter C. EarleResearch FellowLucio Saverio EastmanDesign TechnologistRichard M. EbelingSenior FellowGeorge GilderSenior Resident FellowJudge GlockFellow, Sound Money ProjectBruce GoreFacilities ManagerMax GulkerSenior Research FellowSteve H. HankeAdvisor, Sound Money ProjectGretchen HaynExecutive AssistantJoshua R. HendricksonSenior Fellow, Sound Money ProjectSuzanne HermannLibrarianAlexandra HudsonResearch FellowRobert HughesSenior Research FellowJerry L. JordanAdvisor, Sound Money ProjectMichele KearnsVice President, FinanceJason KellyData and Analytics ManagerJ.P. KoningContributor, Sound Money ProjectWilliam J. LutherDirector, Sound Money ProjectPhillip W. MagnessSenior Research FellowCathy MarchandDevelopment AssociateMichael MungerSenior FellowRaymond C. NilesSenior FellowGerald P. O'Driscoll, Jr.Advisor, Sound Money ProjectLaurie PshenishnyAssistant ComptrollerLisa RobertsDirector of Strategic PartnershipsGail RogerDirector of Human ResourcesTimothy RogersDevelopment DirectorRichard M. SalsmanSenior FellowAlexander W. SalterFellow, Sound Money ProjectRachel ShabaniGraphic DesignerReagan SobelProgram CoordinatorEdward Peter StringhamPresidentAdam ThiererResearch FellowJeffrey A. TuckerEditorial DirectorLawrence H. WhiteAdvisor, Sound Money ProjectRobert E. WrightSenior FellowPeace, prosperity and human progress_278fd57a-ae2d-11e9-ae67-c239523432e1To educate Americans on the value of personal freedom, free enterprise, property rights, limited government and sound money._278fd66a-ae2d-11e9-ae67-c239523432e1Personal FreedomFree EnterpriseProperty RightsLimited GovernmentSound MoneyPublicationsIssue publications._278fd750-ae2d-11e9-ae67-c239523432e11AIER is the publisher of many books and the acclaimed Business Conditions Monthly among many regular research reports, daily articles, summer seminar, year-round internships, and scholarly colloquia at our beautiful Cotswold Cottage and office in Great Barrington, Massachusetts... AIER also publishes the Harwood Economic Review._278fd840-ae2d-11e9-ae67-c239523432e1AppearancesAppear in media venues._278fd926-ae2d-11e9-ae67-c239523432e12Staff and scholars appear regularly in major media venues in the US and around the world to speak on behalf of sound economics and policy._278fda02-ae2d-11e9-ae67-c239523432e1ReachExpand our reach into communities around the world._278fdafc-ae2d-11e9-ae67-c239523432e13Bastiat Society ProgramThrough the Bastiat Society program, AIER is expanding its reach into communities around the world. The program's network has grown to host more than 140 events each year where thousands of regular people meet to discuss issues which are central to AIER's mission and philosophy.BusinessTeach what it means to be a principled business person._278fdbec-ae2d-11e9-ae67-c239523432e13.1Focusing on economic freedom, sound money, individual liberty, and responsible governance, attendees learn what it means to be a principled business person.ConnectionsFacilitate connections._278fdcd2-ae2d-11e9-ae67-c239523432e13.2Furthermore, our attendees and members connect with each other, become mentors, build meaningful relationships and bring our ideas to their friends and colleagues.MoneyConduct research and promote awareness about monetary stability and financial privacy._278fddcc-ae2d-11e9-ae67-c239523432e14The Sound Money Project of AIER was founded in January 2009 to conduct research and promote awareness about monetary stability and financial privacy. The project is comprised of leading academics and practitioners in money, banking, and macroeconomics. It offers regular commentary and in-depth analysis on monetary policy, alternative monetary systems, financial markets regulation, cryptocurrencies, and the history of monetary and macroeconomic thought._278fdebc-ae2d-11e9-ae67-c239523432e1Free EnterpriseTeach free enterprise._278fdfac-ae2d-11e9-ae67-c239523432e15High School TeachersAIER's Teaching Free Enterprise targets an audience of high school teachers with in-person seminars coupled with online lesson plans and follow-ups.StudentsStudents are exposed to alternative views such as the possibility that the Federal Reserve causes the business cycle. _278fe0c4-ae2d-11e9-ae67-c239523432e12019-07-24https://www.aier.org/mission-historyOwenAmburOwen.Ambur@verizon.net