The American Enterprise Institute (AEI) was founded in 1938 by a group of businessmen led by Lewis H. Brown. They aimed to create an organization dedicated to researching government, politics, economics, and social welfare, with a focus on upholding the principles of free enterprise. AEI operates as an independent, non-profit organization, overseen its Board of Trustees.Located in Washington, D.C., the American Enterprise Institute covers a wide range of areas including economics, foreign and defense policy, health, education, environmental policy, and societal and cultural trends. Their research aims to influence the development of government policy, industry practices, and public opinion.**One interesting fact**: Over the years, AEI has been associated with many influential thinkers and leaders. Several scholars affiliated with AEI have been awarded the Nobel Memorial Prize in Economic Sciences, and numerous past and present U.S. government officials have been part of the institute, testifying to its significant impact on policy and public debate within the United States.