The Academy provides a place for debate on ideas and major questions facing our society; serving as a center for the diffusion of knowledge and an investigative laboratory.
Its work is based on the cumulative knowledge of its Academicians; significant personalities from the fields of politics, economics and social sciences of the last century and a half.
The Directorate of the Academy is composed of a President and five other members who serve in executive functions and ensure compliance with statutes and regulations.
The headquarters of the Academy are located in the Casa y Torre de los Lujanes [es], the oldest public building in Madrid, where weekly plenary sessions are held for debates.
Notable members who were specialists in various fields of the social sciences include Antonio Cavanilles, Marcelino Menéndez y Pelayo, Joaquín Ruiz-Giménez and Salvador de Madariaga.