With a budget of US$ 23 million and assets worth US$ 192 million the
Among the 138 corporate donors are: Bell Atlantic,
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In 1948 RAND was created at the urging of its original sponsor, the Air Force. After World War II, RAND focused especially on research in national security. Today RAND operates on a broad front, making its research available to public policy makers at all levels, private sector leaders in many industries, and the public at large. RANDs research and analysis aims to: provide practical guidance by making policy choices clear and by addressing barriers to policy implementation; develop solutions to complex problems by bringing researchers in all relevant academic specialities; dissemination of research findings. RAND has more than 500 employees.
Official Organizational Status: Independent Institute
Political Orientation: U.S. Center-right
Scope/Research Areas: RAND specializes in: Foreign relations and diplomacy, security and defense, economic issues, regional studies, science sand technology, labor and human resource development, social issues, education and health and welfare.
Funding Sources: 1998 Budget: US$ 113.5 million. National, local and state government (83 %) and private donations (17 %).
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In the 1930s John Maynard Keynes formulated the theory of income determination. He was interested in the level of national income and the volume of employment rather than in the equilibrium of the firm or the allocation of resources. Typical aspects of Keynsianism are: Government management of the wage, the welfare state and "development". Popular until the 1960s Keynsianism was thereafter widely replaced by neoliberalism.