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The history of the Institute of Economics extends back over more than 50 years. Its predecessor was Shanghai Institute of Economics of China Academy of Sciences. Today, its work has focused decisively on political economics, economic history and history of economic theory.
 
Institute of Economics remains dedicated to providing clear, thoughtful analysis on economic issues in the reform and opening-up of China as well as conducting theoretical research of economics. It measures its impact on policymakers and public by publications, events, social media and research projects. The book Socially Necessary Product won the Sun YeFang Economic Science Foundation which is the most authoritative award of economics in China.
 
The institute also draws the support from her highly qualified and well-recognized faculty and staff in teaching in the areas of economics. It provides doctoral and undergraduate courses on political economy, history of economic thoughts, economic history of China, and population, resource, environment economics and western economics.
 
The institute has 55 staff among which 18 are Research Professors and 18 are associate research professors. ZUO Xuejin is the current director of the institute of economics while SHEN Kaiyan and QUAN Heng are deputy directors.

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