|Predecessor||Individuals of Douglas Aircraft Company|
|Formation||May 14, 1948|
|Founders|| Henry H. "Hap" Arnold |
|Type||Global policy think tank|
|Legal status||Non-profit corporation|
|Headquarters||Santa Monica, California, U.S.|
President and CEO
|Michael D. Rich|
|Jennifer Gould, Andrew R. Hoehn, Winfield A. Boerckel, Allison Elder, Mike Januzik, Susan L. Marquis, Eric Peltz, Naveena Ponnusamy, Charles P. Ries, Melissa Rowe, Debra L. Schroeder|
President, RAND Europe
|Bonnie G. Hill, Joel Z. Hyatt, Paul G. Kaminski, Ann McLaughlin Korologos, Philip Lader, Peter Lowy, Michael Lynton, Ronald L. Olson, Mary E. Peters, David L. Porges, Donald B. Rice, Michael D. Rich, Hector Ruiz, Leonard D. Schaeffer|
Frederick S. Pardee RAND Graduate School
RAND Corporation ("Research ANd Development")is an American nonprofit global policy think tank created in 1948 by Douglas Aircraft Company to offer research and analysis to the United States Armed Forces. It is financed by the U.S. government and private endowment, corporations, universities and private individuals. The company has grown to assist other governments, international organizations, private companies and foundations, with a host of defense and non-defense issues, including healthcare. RAND aims for interdisciplinary and quantitative problem solving by translating theoretical concepts from formal economics and the physical sciences into novel applications in other areas, using applied science and operations research.
A think tank or policy institute is a research institute which performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most policy institutes are non-profit organisations, which some countries such as the United States and Canada provide with tax exempt status. Other think tanks are funded by governments, advocacy groups, or corporations, and derive revenue from consulting or research work related to their projects.
The Douglas Aircraft Company was an American aerospace manufacturer based in Southern California. It was founded in 1921 by Donald Wills Douglas Sr. and later merged with McDonnell Aircraft in 1967 to form McDonnell Douglas, when it then operated as a division of McDonnell Douglas. McDonnell Douglas later merged with Boeing in 1997.
The United States Armed Forces are the military forces of the United States of America. It consists of the Army, Marine Corps, Navy, Air Force, and Coast Guard. The president of the United States is the commander-in-chief of the Armed Forces and forms military policy with the Department of Defense (DoD) and Department of Homeland Security (DHS), both federal executive departments, acting as the principal organs by which military policy is carried out. All five armed services are among the seven uniformed services of the United States.
RAND has approximately 1,850 employees. Its American locations include: Santa Monica, California (headquarters); Arlington, Virginia; Pittsburgh, Pennsylvania; the San Francisco Bay Area; and Boston, Massachusetts.The RAND Gulf States Policy Institute has an office in New Orleans, Louisiana. RAND Europe is located in Cambridge, United Kingdom, and Brussels, Belgium. RAND Australia is located in Canberra, Australia.
Santa Monica is a beachfront city in western Los Angeles County, California, United States. Situated on Santa Monica Bay, it is bordered on three sides by the city of Los Angeles – Pacific Palisades to the north, Brentwood on the northeast, West Los Angeles on the east, Mar Vista on the southeast, and Venice on the south. The 2010 U.S. Census population was 89,736. Due in part to an agreeable climate, Santa Monica became a famed resort town by the early 20th century. The city has experienced a boom since the late 1980s through the revitalization of its downtown core, significant job growth and increased tourism. The Santa Monica Pier and Pacific Park remain popular destinations.
Pittsburgh is a city in the state of Pennsylvania in the United States, and is the county seat of Allegheny County. A population of about 301,048 residents live within the city limits, making it the 66th-largest city in the U.S. The metropolitan population of 2,324,743 is the largest in both the Ohio Valley and Appalachia, the second-largest in Pennsylvania, and the 27th-largest in the U.S.
Pennsylvania, officially the Commonwealth of Pennsylvania, is a state located in the Northeastern, Great Lakes and Mid-Atlantic regions of the United States. The Appalachian Mountains run through its middle. The Commonwealth is bordered by Delaware to the southeast, Maryland to the south, West Virginia to the southwest, Ohio to the west, Lake Erie and the Canadian province of Ontario to the northwest, New York to the north, and New Jersey to the east.
RAND is home to the Frederick S. Pardee RAND Graduate School, one of eight original graduate programs in public policy and the first to offer a PhD. The program aims to provide practical experience for its students, who work with RAND analysts on real-world problems. The campus is at RAND's Santa Monica research facility. The Pardee RAND School is the world's largest PhD-granting program in policy analysis.Unlike many other universities, all Pardee RAND Graduate School students receive fellowships to cover their education costs. This allows them to dedicate their time to engage in research projects and provides them on-the-job training. RAND also offers a number of internship and fellowship programs allowing students and outsiders to assist in conducting research for RAND projects. Most of these projects are short-term and are worked on independently with the mentoring of a RAND staff member.
The Frederick S. Pardee RAND Graduate School is a private graduate school institution associated with the RAND Corporation in Santa Monica, California. The school offers doctoral studies in policy analysis and practical experience working on RAND research projects to solve current public policy problems. Its campus is co-located with the RAND Corporation and most of the faculty is drawn from the 950 researchers at RAND. The 2018–19 student body includes 116 men and women from 26 countries around the world.
Public policy is the principled guide to action taken by the administrative executive branches of the state with regard to a class of issues, in a manner consistent with law and institutional customs. There has recently been a movement for greater use of evidence in guiding policy decisions. Proponents of evidence-based policy argue that high quality scientific evidence, rather than tradition, intuition, or political ideology, should guide policy decisions.
A Doctor of Philosophy is the highest university degree that is conferred after a course of study by universities in most countries. PhDs are awarded for programs across the whole breadth of academic fields. As an earned research degree, those studying for a PhD are usually required to produce original research that expands the boundaries of knowledge, normally in the form of a thesis or dissertation, and defend their work against experts in the field. The completion of a PhD is often a requirement for employment as a university professor, researcher, or scientist in many fields. Individuals who have earned a Doctor of Philosophy degree may, in many jurisdictions, use the title Doctor or, in non-English-speaking countries, variants such as "Dr. phil." with their name, although the proper etiquette associated with this usage may also be subject to the professional ethics of their own scholarly field, culture, or society. Those who teach at universities or work in academic, educational, or research fields are usually addressed by this title "professionally and socially in a salutation or conversation." Alternatively, holders may use post-nominal letters such as "Ph.D.", "PhD", or "DPhil". It is, however, considered incorrect to use both the title and post-nominals at the same time.
RAND publishes the RAND Journal of Economics , a peer-reviewed journal of economics.
Peer review is the evaluation of work by one or more people with similar competences as the producers of the work (peers). It functions as a form of self-regulation by qualified members of a profession within the relevant field. Peer review methods are used to maintain quality standards, improve performance, and provide credibility. In academia, scholarly peer review is often used to determine an academic paper's suitability for publication. Peer review can be categorized by the type of activity and by the field or profession in which the activity occurs, e.g., medical peer review.
Thirty-two recipients of the Nobel Prize, primarily in the fields of economics and physics, have been associated with RAND at some point in their career.
The Nobel Prize is a set of annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances. The will of the Swedish chemist, engineer and industrialist Alfred Nobel established the five Nobel prizes in 1895. The prizes in Chemistry, Literature, Peace, Physics, and Physiology or Medicine were first awarded in 1901. The prizes are widely regarded as the most prestigious awards available in their respective fields.
General Henry H. Arnold, commander of the United States Army Air Forces, established Project RAND with the objective of looking into long-range planning of future weapons.In March 1946, Douglas Aircraft Company was granted a contract for research on intercontinental warfare, using operations research. In May 1946, the Preliminary Design of an Experimental World-Circling Spaceship was released. In May 1948, Project RAND separated from Douglas and became an independent non-profit organization as Douglas Aircraft feared it would create conflicts of interest jeopardizing future hardware contracts. Initial capital for the spin-off was provided by the Ford Foundation.
Henry Harley "Hap" Arnold was an American general officer holding the ranks of General of the Army and General of the Air Force. Arnold was an aviation pioneer, Chief of the Air Corps (1938–1941), Commanding General of the U.S. Army Air Forces, the only U.S. Air Force general to hold five-star rank, and the only officer to hold a five-star rank in two different U.S. military services. Arnold was also the founder of Project RAND, which evolved into one of the world's largest non-profit global policy think tanks, the RAND Corporation, and one of the founders of Pan American World Airways.
The United States Army Air Forces, officially known as the Army Air Forces, was the aerial warfare service component of the United States Army during and immediately after World War II (1939/41–1945), successor to the previous United States Army Air Corps and the direct predecessor of the United States Air Force of today, one of the five uniformed military services. The AAF was a component of the United States Army, which on 2 March 1942 was divided functionally by executive order into three autonomous forces: the Army Ground Forces, the Services of Supply, and the Army Air Forces. Each of these forces had a commanding general who reported directly to the Army Chief of Staff.
Operations research (OR) is a discipline that deals with the application of advanced analytical methods to help make better decisions. Further, the term operational analysis is used in the British military as an intrinsic part of capability development, management and assurance. In particular, operational analysis forms part of the Combined Operational Effectiveness and Investment Appraisals, which support British defense capability acquisition decision-making.
RAND was created after individuals in the War Department, the Office of Scientific Research and Development, and industry began to discuss the need for a private organization to connect military planning with research and development decisions.On 1 October 1945, Project RAND was set up under special contract to the Douglas Aircraft Company and began operations in December 1945. By late 1947, Project RAND considered operating as a separate organization from Douglas and in February 1948, the Chief of Staff of the newly created United States Air Force wrote a letter to the president of the Douglas Aircraft Company that approved the evolution of Project RAND into a nonprofit corporation, independent of Douglas. On 14 May 1948, RAND was incorporated as a nonprofit corporation under the laws of the State of California and on 1 November 1948, the Project RAND contract was formally transferred from the Douglas Aircraft Company to the RAND Corporation.
Since the 1950s, RAND research has helped inform United States policy decisions on a wide variety of issues, including the space race, the U.S.-Soviet nuclear arms confrontation, the creation of the Great Society social welfare programs, the digital revolution, and national health care. Strangelove , in which RAND is spoofed as the "BLAND Corporation".Its most visible contribution may be the doctrine of nuclear deterrence by mutually assured destruction (MAD), developed under the guidance of then-Defense Secretary Robert McNamara and based upon their work with game theory. Chief strategist Herman Kahn also posited the idea of a "winnable" nuclear exchange in his 1960 book On Thermonuclear War . This led to Kahn being one of the models for the titular character of the film Dr.
RAND was incorporated as a non-profit organization to "further promote scientific, educational, and charitable purposes, all for the public welfare and security of the United States of America". Its self-declared mission is "to help improve policy and decision making through research and analysis", using its "core values of quality and objectivity".
The achievements of RAND stem from its development of systems analysis. Important contributions are claimed in space systems and the United States' space program,in computing and in artificial intelligence. RAND researchers developed many of the principles that were used to build the Internet. RAND also contributed to the development and use of wargaming.
Current areas of expertise include: child policy, civil and criminal justice, education, health, international policy, labor markets, national security, infrastructure, energy, environment, corporate governance, economic development, intelligence policy, long-range planning, crisis management and disaster preparation, population and regional studies, science and technology, social welfare, terrorism, arts policy, and transportation.
RAND designed and conducted one of the largest and most important studies of health insurance between 1974 and 1982. The RAND Health Insurance Experiment, funded by the then–U.S. Department of Health, Education and Welfare, established an insurance corporation to compare demand for health services with their cost to the patient.
According to the 2005 annual report, "about one-half of RAND's research involves national security issues". Many of the events in which RAND plays a part are based on assumptions which are hard to verify because of the lack of detail on RAND's highly classified work for defense and intelligence agencies. The RAND Corporation posts all of its unclassified reports in full on its website.
Over the last 60 years, more than 30 Nobel Prize winners have been involved or associated with the RAND Corporation at some point in their careers.
An economist is a practitioner in the social science discipline of economics.
Leonid Vitaliyevich Kantorovich was a Soviet mathematician and economist, known for his theory and development of techniques for the optimal allocation of resources. He is regarded as the founder of linear programming. He was the winner of the Stalin Prize in 1949 and the Nobel Memorial Prize in Economic Sciences in 1975.
The Mises Institute, short name for Ludwig von Mises Institute for Austrian Economics, is a tax-exempt economic education organization located in Auburn, Alabama, United States. It is named after Austrian School economist Ludwig von Mises (1881–1973) because it promotes teaching and research in the Austrian School of economics and Misesian views on social and political philosophy.
The Chicago school of economics is a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago, some of whom have constructed and popularized its principles.
Thomas Crombie Schelling was an American economist and professor of foreign policy, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park. He was also co-faculty at the New England Complex Systems Institute. He was awarded the 2005 Nobel Memorial Prize in Economic Sciences for "having enhanced our understanding of conflict and cooperation through game-theory analysis."
Lloyd Stowell Shapley was an American mathematician and Nobel Prize-winning economist. He contributed to the fields of mathematical economics and especially game theory. Shapley is generally considered one of the most important contributors to the development of game theory since the work of von Neumann and Morgenstern. With Alvin E. Roth, Shapley won the 2012 Nobel Memorial Prize in Economic Sciences "for the theory of stable allocations and the practice of market design."
The C. D. Howe Institute is a nonprofit policy research organization in the Trader's Bank Building, at 67 Yonge Street, Toronto, Ontario, Canada, that derives the majority of its funding from membership fees paid by corporations as well as individuals in the business, professional and academic fields. As a registered charity, membership fees are eligible for tax refunds from the government of Canada.
Sir Christopher Antoniou Pissarides is a British-Cypriot economist. He is the School Professor of Economics & Political Science and Regius Professor of Economics at the London School of Economics, and Professor of European Studies at the University of Cyprus. His research focuses on topics of macroeconomics, notably labour, economic growth, and economic policy. In 2010, he was awarded the Nobel Prize in Economics, jointly with Peter A. Diamond and Dale Mortensen, "for their analysis of markets with theory of search frictions."
Henry Stanislaus Rowen was an American national security expert, economist, and academician.
William Arthur Niskanen was an American economist. He was and one of the architects of President Ronald Reagan's economic programme and contributed to public choice theory. He was also a long-time chairman of the libertarian Cato Institute.
The Questrom School of Business is the business school at Boston University in Boston, MA, USA. Founded in 1913 as the College of Business Administration, the school offers undergraduate and graduate programs.
A Beautiful Mind (1998) is a biography of Nobel Prize-winning economist and mathematician John Forbes Nash, Jr. by Sylvia Nasar, professor of journalism at Columbia University. An unauthorized work, it won the National Book Critics Circle Award in 1998 and was nominated for the Pulitzer Prize in biography. It inspired the 2001 film by the same name.
Leonid "Leo" Hurwicz was a Polish-American economist and mathematician, known for his work in game theory and mechanism design. He originated the concept of incentive compatibility, and showed how desired outcomes can be achieved by using incentive compatible mechanism design. Hurwicz shared the 2007 Nobel Memorial Prize in Economic Sciences for his seminal work on mechanism design. Hurwicz was one of the oldest Nobel Laureates, having received the prize at the age of 90.
Esther Duflo, FBA is a French–American economist, who is the Professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). She is the co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab which was established in 2003. To date, she remains one of only two women to win the Sveriges Riksbank Prize in Economics.
Abhijit Vinayak Banerjee is an Indian-born American economist, who is the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology. Banerjee shared the 2019 Nobel Memorial Prize in Economic Sciences with Esther Duflo and Michael Kremer, "for their experimental approach to alleviating global poverty." He along with his wife Esther Duflo are the sixth married couple to jointly win a Nobel Prize.
Science and technology in Russia have developed rapidly since the Age of Enlightenment, when Peter the Great founded the Russian Academy of Sciences and Saint Petersburg State University and polymath Mikhail Lomonosov founded the Moscow State University, establishing a strong native tradition in learning and innovation.
The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field. The award's official name is The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
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