The Institute for New Economic Thinking (INET) is a New York City–based nonprofit think tank. It was founded in October 2009 as a result of the Great Recession, and runs a variety of affiliated programs at major universities such as the Cambridge-INET Institute at the University of Cambridge.
 | |
| Formation | October 2009 |
|---|---|
| Founder | James Balsillie, William H. Janeway, George Soros, Robert Johnson |
| Type | Think tank |
| Legal status | 501(c)(3) research and education nonprofit organization |
| Headquarters | New York City, United States |
| Fields | Macroeconomic and Post-Keynesian theory and policy |
President | Robert Johnson |
Chairman of the Governing Board | Rohinton P. Medhora |
| Affiliations | University of Cambridge |
Revenue (2017) | $6,229,081[1] |
| Expenses (2017) | $14,841,294[1] |
| Website | ineteconomics |
History
editINET was founded with an initial pledge of $50 million from businessman and philanthropist George Soros.[2]
Affiliates
editThe Institute has disbursed approximately $4 million annually in research grants to students and professors. The Cambridge-INET Institute (co-funded with William H. Janeway) established an advanced institute for economic thinking at the University of Cambridge, The Cambridge-INET Institute was endowed with $3.75 million grant from the Keynes Fund for Applied Economics, Isaac Newton Trust, and the University of Cambridge Faculty of Economics.[3] In January 2011, the INET partnered with the Centre for International Governance Innovation to support research in economic theory and innovative projects.[4] Similar collaborations exist with the INET at the Institute for New Economic Thinking at the Oxford Martin School, which was co-funded by James Martin, as well as the INET Center on Imperfect Knowledge Economics (IKE) at the University of Copenhagen.[5]
Programs and projects
editResearch programs supported by INET include:
- INET Grant program to support researchers who challenge economic orthodoxy and help develop new paradigms in the discipline.[6]
- Lecture series with economists and thinkers including Michael Sandel, William Janeway, Perry Mehrling, and others[7]
- The Human Capital and Economic Opportunity Global Working Group, headed by James Heckman, is affiliated with the Becker Friedman Institute for Research in Economics at University of Chicago.[8]
Leadership
editThe executive director is Robert Johnson, former managing director at the hedge funds Soros Fund Management and Moore Capital Management.[9]
See also
editReferences
edit- ^ a b "The Institute for New Economic Thinking Inc" (PDF). 990s.foundationcenter.org. 11 December 2018. Archived (PDF) from the original on 19 February 2022. Retrieved 26 November 2019.
- ^ Gates, Philip (17 October 2017). "Ten things you need to know about the Institute for New Economic Thinking and why it's heading to Edinburgh". Insider.co.uk. Archived from the original on 2 December 2020. Retrieved 23 September 2020.
- ^ "About the Institute". The Cambridge-INET Institute. 2 August 2018. Archived from the original on 22 September 2020. Retrieved 23 September 2020.
- ^ "Partnership with the Institute for New Economic Thinking (INET)". CIGI. Archived from the original on 2020-09-27. Retrieved 2020-09-23.
- ^ "INET-Oxford Martin". Oxford Martin. Archived from the original on 2020-09-24. Retrieved 2020-09-23.
- ^ "Institute for New Economic Thinking Announces Inaugural Grants". Philanthropynewsdigest.org. Archived from the original on 19 February 2022. Retrieved 15 February 2022.
- ^ Varathan, Preeti (25 April 2018). "Should you be able to pay to join a "dwarf-tossing" game?". Qz.com. Archived from the original on 12 April 2022. Retrieved 15 February 2022.
- ^ "The Human Capital and Economic opportunity Global Working Group". The University of Chicago. 27 December 2011. Archived from the original on 28 December 2023. Retrieved 28 December 2012.
- ^ Irwin, Neil (29 July 2010). "A crossroads for the U.S. economy". The Washington Post. Archived from the original on 11 November 2012. Retrieved 27 January 2011.
