Knowledge provides people with opportunities and influence, as well as a foundation for making wise choices. Knowledge inspires and challenges. It changes attitudes, mindsets, and how we perceive the world around us. Informed debate strengthens our democracy. Institute of Economics of the Latvian Academy of Sciences’s activities should benefit society as a whole and society can trust that our findings comply with best scientific practice.Academic freedom is the basis for our activities. Institute of Economics of the Latvian Academy of Sciences take on challenging questions and tasks, and seek innovative solutions through interdisciplinary collaboration.Institute of Economics of the Latvian Academy of Sciences value and encourage innovation among students and staff as well as innovative teaching, research and artistic activities.Our activities build on fundamental democratic values and we represent an unprejudiced and independent voice. The hallmarks of our academic culture are debate, critical reflection, fact-based knowledge, impartiality and ethical integrity. We challenge conventional ideas and solutions.