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Elena Leontjeva co-founded the Lithuanian Free Market Institute (LMFI) in 1990 and acted as its President from 1993 until 2001. Currently she is the President of the LMFI again, and serves as the chairwomen of the Board of the Lithuanian Free Market Institute.

She has directed research and policy advocacy at the Institute, whilst playing a key role in her country’s transition. Elena has contributed to the reforms in the Banking system, introduction of the Currency Board and the Litas Credibility Law, building the legal foundations for the Securities Market and the Stock Exchange, Deregulation, Tax and budget reform as well as the introduction of Private Pension Insurance. She has also served as a State Councilor on economic reform in six consecutive administrations, and in 1998-9 has been chief economic advisor to Lithuanian President Valdas Adamkus.

Elena holds degrees in economics, mathematics and programming, and having retired from the presidency of the LMFI in 2001, has dedicated herself to writing fiction. Since 2007 she studies the phenomena of lack, has pioneered and led multidisciplinary research on scarcity and lack, uniting philosophy, theology, anthropology, sociology, psychology and economics.