 It was founded in 1932 by Franz Alexander, a pioneer in psychosomatic medicine at the Berlin Psychoanalytic Institute, who moved to Chicago at the invitation of Robert Maynard Hutchins, then president of the University of Chicago.Notable psychoanalysts that have been associated with the institute include Karl Menninger, Karen Horney, Thomas Szasz, Therese Benedek, Hedda Bolgar, Roy Grinker, Maxwell Gitelson, Louis Shapiro, Heinz Kohut, Arnold Goldberg, Jerome Kavka, Frank Summers, and Michael Franz Basch.The Chicago Institute is the second oldest in the United States, preceded by New York five months earlier, and followed by Boston and Washington.