About

The IHS is a private non-profit organization. It was founded in 1963 by two prominent Austrians living in exile, the sociologist Paul F. Lazarsfeld and the economist Oskar Morgenstern, with the financial help of the Ford Foundation, the Austrian Federal Ministry of Education, and the City of Vienna. At present nearly 40 % of the Institute's budget is accounted for by commissioned research. The remaining funding is provided by subsidies from the Federal Ministry of Education and Science, the Austrian National Bank, the City of Vienna and other institutions. The Institute for Advanced Studies is divided into three departments of scientific research and teaching: Economics & Finance, Political Science, and Sociology. The institute counts approximately 60 scientific employees and 26 administrative employees. About 40 students are presently participating in the postgraduate course programs.