The TEA was initially established as The National Economy and Savings Society in December 12, 1929 on the suggestion of Atatürk. The purpose of the Society was to minimize the devastating impacts of the 1929 Depression, on the one hand by encouraging savings, on the other hand by promoting the domestic markets to use products made in Turkey.
The Society merged with the Turkish Economic Society under the auspices of the Turkish Economic Association on January 18, 1955. In order to instill awareness and knowledge of economics in Turkey, the TEA has been producing economic publications; organising seminars, symposiums and conferences; providing scholarships to outstanding economics students and giving awards to young economists with successful theses on the Turkish economy.
The TEA carries out its activities in Ankara and is a member of the International Economic Association.
International Economic Association (IEA)
The IEA was founded in 1950 as a Non Governmental Organization, at the instigation of the Social Sciences Department of UNESCO. It has since its creation maintained information and consultative relations with UNESCO and is since 1973 a federated member of the International Social Science Council.
Its aim from the beginning has been to promote personal contacts and mutual understanding among economists in different parts of the world through the organisation of scientific meetings, through common research programmes and by means of publications of an international character on problems of current importance.
The IEA is in effect a federation of national academic associations or committees representing the economists of each country with 60 Member Associations including five associate members and one regional member.