The Max Planck Institute for Research into Economic Systems was founded in 1993 with Manfred E. Sreit as its founding director. Focusing in the beginning on the transition of economic systems, the institute now conducts research on a broad set of problems relating to economic change more generally in its Evolutionary Economics Group (director: Ulrich Witt). As of July 2001, the group Strategic Interaction Group (director: Werner Güth) has taken up its work. A third group is expected to be added to the institute in the near future.
The institute is part of the Max Planck Society for the Advancement of Science, Germany´s largest research organization. The Max Planck Society employs some 3.100 researchers in more than 80 institutes in both the sciences and the humanities.
Max-Planck-Institut zur Erforschung von Wirtschaftssystemen
Further information: http://www.mpiew-jena.mpg.de