History
The Fraser Institute was founded in 1974 by Michael Walker, an economist from the University of Western Ontario, and businessman T. Patrick Boyle, then a vice-president of MacMillan Bloedel. It obtained charitable status in Canada on October 22, 1974, and in the United States in 1978.
Sir Antony Fisher, previously instrumental in setting up the UK's Institute of Economic Affairs, was appointed acting director in 1975, until Walker became executive director in 1977. In its first full year of operation, 1975, the Institute reported revenues of $421,389. In 1988, revenues exceed $1 million, and in 2003, $6 million.
From 1979 to 1991, the Institute's senior economist was Walter Block.
In 2011, the Fraser Institute was ranked No. 1 among 97 think-tanks in Canada, for the fourth year in a row, in the University of Pennsylvania's Global Go-To Think-Tank Index, a global survey of more than 1,500 scholars, policy makers, and journalists. The report also named the Fraser Institute as the only Canadian organization in the Top 30 leading think-tanks in the world in 2011, out of a global group of 6,545 think-tanks.
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“A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.”
—David Hume (1711–1776)
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—Gilbert Keith Chesterton (1874–1936)
“The whole history of civilisation is strewn with creeds and institutions which were invaluable at first, and deadly afterwards.”
—Walter Bagehot (1826–1877)