Statutes of the International Economic Association

As adopted at a meeting of the Council on 10 September 1950 and amended by the Council on 25 August 1971, 3 September 1983, 29 November 1986, 28 February 1987, 23 August 1992 and by mail ballot dated December 5, 2000.


Article I
The International Economic Association is hereby established with purely scientific aims.


Article II
The general purpose of the Association is to initiate or co-ordinate measures of international collaboration designed to assist the advancement of economic knowledge. And in particular :

(a)

to secure and develop personal contacts between economists of different countries, by organising round-table discussions and conferences ;

(b)

to encourage the provision of international media for the dissemination of economic thought and knowledge (such as bibliographies, abstracts, dictionaries, translations, etc.).


Article III
The Association shall consist of the associations or committees listed in Annex A, and of such other professional or scientific associations as may be approved by the Executive Committee. Institutions may be made Associate Members with the approval of the Executive Committee. Such associations, committees or institutional members may be organised on a geographical basis or may be international organisations or institutions concerned with a particular branch of economics.


Article IV
The Association shall be administered by a Council and an Executive Committee.


 

Article V
The Council shall consist of appointed members and co-opted members. The appointed members shall be chosen by the member organisations, who shall appoint permanent members, but shall have the right to substitute, if necessary, alternate members for any or all of these permanent members to represent them at a particular meeting.
The co-opted members of the Council shall not exceed 25 per cent of total membership of the Council. They shall be chosen by the Executive Committee, subject to approval by the next Council. The Council shall meet every three years and review the general policy of the Association.
At any meeting of the Council, the members representing the member organisations shall be entitled to exercise votes of any absent member of the Council representing that organisation.


Article VI
"The Executive Committee shall consist of the Officers of the Association and no more than twelve additional members elected by the Council. Proposals shall be submitted by the retiring Executive Committee, and may additionally be submitted by Council members, these submissions to be circulated six months in advance of the Council meeting. In making proposals, there should be regard to scientific considerations, to the diversity of cultures and social systems, and to the balance of geographical distribution. Two candidates shall be proposed for the office of President-elect.

In case of vacancy the Executive Committee may co-opt other members.
The Executive Committee shall hold office till the end of the next ordinary meeting of the Council.
Members of the Executive Committee shall not serve more than two terms other than in their capacity of President or President-elect.
No country shall have more than two members on the Executive Committee.
If any member of the Executive Committee is unable to attend a meeting of the Committee, the President is authorized exceptionally to appoint a properly qualified alternate, in consultation with the member in question and taking account of the provision in the above first paragraph."


Article VII
"The Officers of the Association shall be a President, a President-elect, a Vice-President and a Treasurer.
The President-elect, the Vice-President and the Treasurer shall be elected by the Council to hold office until the next meeting of the Council as stipulated in Article VI. Proposals shall be submitted by the Executive Committee six months in advance of the Council meeting.
At the end of her or his term of office, the President-elect shall become President, to hold that office until the next meeting of the Council.
The President or, in his absence, the Vice-President shall act as Chairman both of the Council and the Executive Committee. In case of a vacancy in either of these offices, the Executive Committee is authorised to hold an election by mail.
The Executive Committee can co-opt up to four advisers, who become full members of the Executive Committee.
If for some reason the President-elect does not become president, a single candidate for president will be proposed by the Executive Committee, preferably but not imperatively chosen among current or past members of the Executive Committee.


Article VIII
The Council may appoint such Honorary Presidents as it deems appropriate.


 

Article IX
The Treasurer shall be responsible for supervising the receipt and disbursement of moneys on behalf of the Association, and for the preparation of an annual statement of accounts and estimates of future expenditures.


Article X
The Executive Committee shall appoint a Secretary, who shall carry out the instructions of the Executive Committee.


Article XI
The Executive Committee shall submit to the Council an annual report on the general financial position of the Association. It shall have full power to purchase or sell any real estate or shares representing real estate. Article XII The Executive Committee may draw up for approval by the Council regulations which are in conformity with the Statutes of the Association. Any amendment to the Statutes shall require a two-thirds majority of all members of the Council. Decisions other than amendments to the Statutes shall be by majority of those voting.
Any decision requiring a vote either of the Council or of the Executive Committee may be asked and received by letter.


Article XIII
The contributions of member organisations shall be initially at the rates established by the Council. The Executive Committee shall have power to vary from time to time the subscriptions to be paid by member organisations and will report to the Council. In exceptional cases, the Executive Committee may approve a reduction in the subscription of a member organisation.


 

Article XIV
Both the English and French texts of the Statutes and Regulations are authoritative.


Article XV
In the case of the Association deciding to cease its activities, its assets shall be transferred to one or several educational/scientific institutions in accordance with the advice received from a committee consisting of past Officers of the Association (President, Vice-President and Treasurer) who have held office during the seven years preceding the cessation of activities of the Association.