Former Rep. Ron Paul (R-Texas) is launching a foreign policy institute focused on undercutting U.S. interventionism.

"The neo-conservative era is dead," proclaims the media advisory on his Facebook page announcing the Ron Paul Institute for Peace and Prosperity.

"The ill-advised policies pushed by the neo-cons have everywhere led to chaos and destruction, and to a hatred of the United States and its people. Multi-trillion dollar wars have not made the world a safer place; they have only bankrupted our economic future. The Ron Paul Institute will provide the tools and the education to chart a new course with the understanding that only through a peaceful foreign policy can we hope for a prosperous tomorrow."

The group promises to focus on coalition-building across party lines and creating opportunities for students to engage on the topic.

The iconoclastic former congressman and presidential candidate has long been a thorn in the side of the GOP on foreign policy issues, arguing for a "golden rule" foreign policy that takes a hands-off approach to global politics. That approach sharply contrasts with Republican orthodoxy from the last 30 years, though it's growing in popularity — his son, Sen. Rand PaulRandal (Rand) Howard PaulHouse bill set to reignite debate on warrantless surveillance Authorizing military force is necessary, but insufficient GOP feuds with outside group over analysis of tax framework MORE (R-Ky.), shares many of his foreign policy views and is viewed as a much more serious presidential contender than Paul ever was.

The former congressman will officially launch the group at a Wednesday press conference. Members of the new organization invited to join him at the conference include Reps. Walter Jones (R-N.C.) and John Duncan Jr. (R-Tenn.), as well as former Rep. Dennis Kucinich (D-Ohio) and former judge Andrew Napolitano, a popular figure with libertarians.