Economic Research Council Revenue

About Economic Research Council

The Economic Research Council (ERC) was founded in 1943 as the Joint Council for Economic and Monetary Research. Its origins go back at least a decade earlier to the 1930s, when a number of individuals, concerned at the poverty around them in the midst of plenty, started questioning the use in Britain of a monetary system that had failed the nation in the past and was liable to go on perpetuating the sequence of boom, slump, boom of the 1920s. If orthodox economics were to blame then its basic tenets should be challenged. At the Economic Research Council, we are committed to fostering a deeper understanding of economic principles and their multifaceted impacts on society. By championing economic pluralism, we strive to create a platform where diverse economic theories and perspectives are explored and respected. Through engaging educational initiatives, dynamic events, and collaborative research, we aim to inspire individuals and institutions to engage in rich, informed economic discourse. Our mission is to provide accessible, high-quality economic insights and to cultivate a community of learners, leaders, and thinkers dedicated to driving positive change in the world. By bridging the gap between academic research and public understanding, and promoting a pluralistic approach to economic thought, we seek to empower a more informed, critical-thinking, and economically literate society, equipped to navigate the complexities of the global economy with openness and insight. Today, our work focuses on empowering individuals with the tools to understand and engage with the economic forces shaping their lives. Through rigorous research, particularly around economic literacy, we aim to identify and address gaps in knowledge, providing evidence-based insights that inform education policy and practice. By championing economic pluralism, we create a platform for exploring diverse perspectives and fostering meaningful dialogue.

View contact profiles from Economic Research Council