The Institute of Political Economy, established in 1989, developed out of the Graduate Summer School of Political Economy, which was formed in 1983. The summer school was built on the strong tradition of interdisciplinary studies at Carleton, and on the interests of numerous faculty at Carleton involved in political economy. Distinguished international scholars have been attracted to teach in the summer school. Through the Institute, these distinguished visitors will now be in residence during the normal academic year, in addition to the summer program.