Princeton Institute for Advanced Studies is a research institution where scientists from all fields do the purest cutting-edge research without any pressure from teaching tasks, research funds or sponsors. The most famous scientist in this institute is Einstein. In other places, there are also advanced research institutes based on the Princeton Institute for Advanced Studies. The Institute of Advanced Studies was founded on 1930 by the brothers and sisters of Louis Baumberg, a department store businessman. In return for the residents of New Jersey, they had hoped to donate money to set up a medical institution. However, under the persuasion of the educator and the first president of the Institute of Advanced Studies, Abraham flexner, they chose to set up a research institute near Princeton University. Flexner is a graduate of Johns Hopkins University, the first research university in the United States. His idea is to establish a Plato Institute for pure theoretical research. The institute does not award degrees, and its members are all researchers who have obtained doctoral degrees.
Although the institute is not affiliated with a university, it has a deep roots. The Institute first borrowed the office of Princeton Mathematics Department, and the main personnel such as john von neumann and Van Buren also came from the Department of Mathematics. Many professors in graduate school are also part-time professors in Princeton. (Advanced Research Institute): Established in May 1994, its predecessor was the Center for Advanced Economic Research of Wuhan University. 1999, the field of research and teaching expanded to philosophy, history and Chinese studies, and it was officially renamed as the Advanced Research Center of Wuhan University.
The center was founded by Professor Zou Hengfu, a doctor of economics at Harvard University and a senior economist at the World Bank, and received strong support from dozens of scholars from the United States, Britain, Germany, France and other countries. Its academic committee consists of nearly 30 world-class economists including Jean-Jacques Lafonte, jean tirole, robert barro and eric maskin. There are nearly 40 well-known professors and lecture professors at home and abroad. In addition, in order to further improve the level of teaching and scientific research, in the past one or two years, the center has hired more than ten world-class economists, historians, philosophers and mathematicians to teach on average every year.
The purpose of the center is to learn from the teaching system of world famous schools, introduce world-class teaching materials and teachers, and make contributions to the academic research of economics, philosophy, history and Chinese studies of Wuhan University and even China in combination with the characteristics of China. The center now offers four majors: Mathematical Finance and Mathematical Economics, Comparative Philosophy between China and the West, World History and China Studies, with about 450 students. Its economics teaching completely draws lessons from the teaching system of world-class universities, adopts English textbooks and is directly in line with international standards. In just a few years (1998-2003), the center has trained more than 50 students to pursue doctoral degrees at Stanford University, University of Chicago, Princeton Institute for Advanced Studies, Yale University, Northwest University, University of Minnesota, new york University, Cornell University, University of Wisconsin, Brown University and UCLA.
The center has an English economics journal, Annals of Economics and Finance, which is the earliest English economics and finance journal in China (ISSN 1529-7373, Journal of the Library of Congress) and has been searched by the international economics journal EconLit. Since 2008, the Economic and Financial Yearbook has been co-sponsored by the Center for Advanced Studies (IAS) of Wuhan University and the China Institute of Economics and Management (CEMA) of the Central University of Finance and Economics, and has published the Economic and Financial Yearbook (Chinese version).
Note: IAS comes from Lastun Institute of Advanced Studies. As China is expected to become an excellent academic institution like Princeton IAS, its founder, Professor Zou Hengfu, renamed it the Advanced Research Center of Wuhan University after expanding its research field beyond economics.