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In 1953 Prof.Dr.Soemitro Djojohadikusumo as the Dean of Faculty Economy of University of Indonesia, established 2 research center: Business Administration Seminar and  Social Research Centre, to support researches done by doctoral candidates in the school. In November 1953, the Social Research Centre became the Institute for Economic and Social Research (LPEM FEUI, or “LPEM”). In 1956 the Business Administration Seminar merged into LPEM.

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