Kiel Institute Of World Economics
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Kiel Institute Of World Economics
The Kiel Institute for the World Economy (, or IfW Kiel) is an independent, non-profit economic research institute and think tank based in Kiel, Germany. In 2017, it was ranked as one of the top 50 most influential think tanks in the world and was also ranked in the top 15 in the world for economic policy specifically. The German business newspaper ''Handelsblatt'' referred to the institute as "Germany's most influential economic think tank", while ''Die Welt'' stated that "The best economists in the world are in Kiel" (). Founded in 1914, the institute is the oldest economic research institute in Germany. Its main areas of specialities include global economic research, economic policy, and economic education. The institute gave rise to the world's largest specialist library of economics and the social sciences, the German National Library of Economics, which has access to more than four million publications in printed or electronic format and subscriptions to over 30,000 period ...
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Non-profit
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be non-profit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an enti ...
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Financial Stability
Financial stability is the absence of system-wide episodes in which a financial crisis occurs and is characterised as an economy with Volatility (finance), low volatility. It also involves financial systems' stress-resilience being able to cope with both good and bad times. Financial stability is the aim of most governments and central banks. The aim is not to prevent crisis or stop bad financial decisions. It is there to hold the economy together and keep the system running smoothly while such events are happening. The foundation of financial stability is the creation of a system that is able to absorb all of the positive and negative events that happen to the economy at any given time. It has nothing to do with preventing individuals or businesses from failing, losing money, or succeeding. It is merely assisting in the creation of conditions for the system's continued efficient operation in the face of such occurrences. The economy is one that is constantly changing and expandi ...
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Wassily Leontief
Wassily Wassilyevich Leontief (; August 5, 1905 – February 5, 1999) was a Soviet-American economist known for his research on input–output analysis and how changes in one economic sector may affect other sectors. Leontief won the Nobel Memorial Prize in Economic Sciences in 1973, and four of his doctoral students have also been awarded the prize (Paul Samuelson 1970, Robert Solow 1987, Vernon L. Smith 2002, Thomas Schelling 2005). Biography Early life Wassily Leontief was born on August 5, 1905, in Munich, German Empire, the son of Wassily W. Leontief (professor of Economics) and Zlata (German spelling ''Slata''; later Evgenia) Leontief (née Becker). Wassily Leontief Sr. belonged to a family of Russian old-believer merchants living in St. Petersburg since 1741. Evgenia (Genya) Becker belonged to a wealthy Jewish family from Odessa. At 15 in 1921, Wassily Jr. entered Petrograd State University in present-day St. Petersburg. He earned his Learned Economist degree (equiv ...
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Jacob Marschak
Jacob Marschak (23 July 1898 – 27 July 1977) was an American economist. Life Born in a Jewish family of Kyiv, Jacob Marschak (until 1933 ''Jakob'') was the son of a jeweler. During his studies, he joined the social democratic Menshevik Party, becoming a member of the Menshevik International Caucus. In 1918, he was the labor minister in the Terek Soviet Republic. In 1919, he emigrated to Germany, where he studied at the University of Berlin and the University of Heidelberg. From 1922 to 1926, he was a journalist, and in 1928, he joined the new Kiel '' Institut für Weltwirtschaft''. With the gathering Nazi storm, he emigrated to England, where he went to Oxford to teach at the Oxford Institute of Statistics, which was funded by the Rockefeller Foundation, allowing him to emigrate to the United States in 1939. After teaching at the New School for Social Research, in 1943, he went to University of Chicago, where he led the Cowles Commission. He followed the commission's mo ...
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Adolph Lowe
Adolph Lowe (born ''Adolf Löwe''; 4 March 1893 – 3 June 1995) was a German sociologist and economist. His best known student was Robert Heilbroner. He was born in Stuttgart Stuttgart (; ; Swabian German, Swabian: ; Alemannic German, Alemannic: ; Italian language, Italian: ; ) is the capital city, capital and List of cities in Baden-Württemberg by population, largest city of the States of Germany, German state of ... and died in Wolfenbüttel. Major publications of Adolph Lowe *''Arbeitslosigkeit und Kriminalität'', 1914. *"Zur Methode der Kriegswirtschaftsgesetzgebung", 1915, ''Die Hilfe'' *"Die freie Konkurrenz", 1915, ''Die Hilfe'' *''Wirtschaftliche Demobilisierung'', 1916. *"Mitteleuropäische Demobilisierung", 1917, ''Wirtschaftszeitung der Zentralmächte''. *"Die ausführende Gewalt in der Ernährungspolitik", 1917, ''Europäische Staats- und Wirtschaftszeitung'' *"Die Massenpreisung im System der Volksernährung", 1917, ''Europäische Staats- und W ...
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Weimar Republic
The Weimar Republic, officially known as the German Reich, was the German Reich, German state from 1918 to 1933, during which it was a constitutional republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic. The period's informal name is derived from the city of Weimar, which hosted the constituent assembly that established its government. In English, the republic was usually simply called "Germany", with "Weimar Republic" (a term introduced by Adolf Hitler in 1929) not commonly used until the 1930s. The Weimar Republic had a semi-presidential system. Toward the end of the First World War (1914–1918), Germany was exhausted and suing for peace, sued for peace in desperate circumstances. Awareness of imminent defeat sparked a German Revolution of 1918–1919, revolution, Abdication of Wilhelm II, the abdication of Kaiser Wilhelm II, the proclamation of the Weimar Republic on 9 November 1918, and formal cessa ...
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