IRET is a non-profit, non-partisan 501(c)(3) economic research institute located in Washington, DC. IRET is dedicated to the belief that constructive, free-market economic policies are essential for the nation's economic progress, and that the private sector is the principal engine of economic growth. Constructive public policies, in IRET's view, must be more than just politically attractive; they must make economic sense as well.

IRET's goals are to foster a wider understanding of basic economics among public policy officials, the media and the general public, and to assist in the formulation of public economic policies that will contribute to economic growth, efficiency, and competitiveness. Toward that end, IRET analyzes the effects of government tax, budget, monetary and regulatory policies, and proposals for incremental and fundamental reforms. We judge these policies according to their effects on economic incentives for individuals and businesses, on resource allocation, on the efficient functioning of the market economy, and on personal freedom and property rights. IRET disseminates its materials to Congress, the Executive branch, the media, and the general public.