Task of the science is to serve

– Tolstoy –

Science is the captain, and
practice the soldiers.

– Leonardo da Vinci –

Frontiers of science are like the
horizon: the more we approach
it, the more it moves away.

– Boiste –

The fantasy is more important
than knowing.

– Albert Einstein –

Science – it means organized

– Spencer –

Freedom for the science the
same as the air for a living soul.

– Poincaré –

Research area of all sciences is

– Pascal –

System of science must be
looked at as the system of
nature: all in it is endless and

– Cuvier –

Scientific plan without working
hypothesis is a skeleton without
living body.

– Hirschfeld-

The main research subject of
mankind is the human.

– Goethe –

All is important in science.

– Heine –

Books must be results of
sciences, but sciences not results
of books.

– Bacon –

Scientist is not the one, who
gives the right answers, but the
one, who asks the right

– Claude Lévi-Strauss –

The more we will seek for the
truth outside us, the more we
will move away of it. The more
we will be able to understand
who we are, the more the truth
will assert us in ourselves.

– Antonio Meneghetti –

Before being dictated the nature
needs to be obeyed.

– Bacon –

A true scientist is not one who
has more acquired, but one who
has more understood.

– Leibniz –

Science – to know how the
being acts. To know the action
of the being.

– Antonio Meneghetti –

Science is benefactor of

– Berthelot –

Sākums » About Institute » History



The Institute of Economics of Latvian Academy of Sciences was established in 1946. Initially, until May 1958, the Institute was located in Samilsu Str. 1, but later moved to Skyscraper of  Latvian Academy of Sciences, then Turgeneva Str. 19, in 1996 named Akademijas laukums 1.

The Institute was established with the aim to study topical economic development problems and other social economic problems.

Gradual Creation

During the gradual creation of the Institute, the number of its staff increased from several tens to more than one and a half of hundreds. The principal research areas were: political economy, complex programmes of economic development, industrial economy, agricultural economy, demography, development and location of production forces in economy, development problems of industry and agriculture, agrarian-industrial complex, transport and others.

New period

As a new period in the action of the Institute of Economics is to be regarded the 1999. In this year, the scientists decided to reorganize the public institute into a form of private property merging it with the established by scientists themselves private Institute with the similar name – Institute of Economics of Latvian Academy of Sciences. The range of researches extended and changed. Parallel to existing topics, there started to develop such research areas as regional development, economic growth, knowledge economy and others.


The Institute distinguishes through such a characteristic feature that, in spite of bigger or smaller changes, the functioning of the Institute has never been interrupted.