The Toulouse School of Economics (TSE) is a school within Toulouse 1 University Capitole. In 2007, the French government and the Academy of Sciences chose TSE as one of 13 "Réseaux Thématiques de Recherche Avancée" (RTRA) across all fields, enabling the creation of a private foundation, the Jean-Jacques Laffont Foundation, which serves to foster world class research in economics and related social sciences at TSE. In 2011, the Toulouse School of Economics was established as the University of Toulouse's (established in 1229) department of economics.