The Institute was established in 1995 by Prof. Louis Galambos (Department of History) and Prof. Steve Hanke (Department of Environmental Health and Engineering and Department of Economics). It is an interdivisional (Arts and Sciences and Engineering) Institute that reports directly to the University’s Provost. Prof. Angus Burgin has since joined the Institute as an integral member of the leadership. The Institute now operates under the stewardship of the co-directors: Profs. Galambos, Hanke, and Burgin.

The primary purpose of the Institute is to facilitate high-quality research and publishing. The research areas covered by Institute Fellows include applied economics and finance, business history and public health. The Institute also fosters contributions from students at Johns Hopkins University who conduct research on pertinent issues.

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