The Institute for New Economic Thinking (INET) is a

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

–based nonprofit

think tank A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmenta ...

. It was founded in October 2009 as a result of the

2007–2012 global financial crisis 7 (seven) is the natural number following 6 and preceding 8. It is the only prime number preceding a cube. As an early prime number in the series of positive integers, the number seven has greatly symbolic associations in religion, mythology, ...

, and runs a variety of affiliated programs at major universities such as the Cambridge-INET Institute at the

University of Cambridge The University of Cambridge is a public collegiate research university in Cambridge, England. Founded in 1209 and granted a royal charter by Henry III in 1231, Cambridge is the world's third oldest surviving university and one of its most pr ...

History

INET was founded with an initial pledge of $50 million from businessman and philanthropist

George Soros George Soros ( name written in eastern order), (born György Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. , he had a net worth of US$8.6 billion, Note that this site is updated daily. having donated mo ...

Affiliates

The 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

, The Cambridge-INET Institute was endowed with $3.75 million grant from the Keynes Fund for Applied Economics, Isaac Newton Trust, and the

Faculty of Economics. In January 2011, the INET partnered with the Centre for International Governance Innovation to support research in economic theory and innovative projects. Similar collaborations exist with the INET at the

Oxford Martin School The Oxford Martin School is a research and policy unit based in the Social Sciences Division of the University of Oxford. It was founded in June 2005 as the James Martin 21st Century School and is located in the original building of the Indian I ...

, which was co-funded by James Martin, as well as the INET Center on Imperfect Knowledge Economics (IKE) at the

University of Copenhagen The University of Copenhagen ( da, Københavns Universitet, KU) is a prestigious public research university in Copenhagen, Denmark. Founded in 1479, the University of Copenhagen is the second-oldest university in Scandinavia after Uppsala Unive ...

Programs and projects

Research programs supported by INET include: * INET Grant program to support researchers who challenge economic orthodoxy and help develop new paradigms in the discipline. *Lecture series with economists and thinkers including

Michael Sandel Michael Joseph Sandel (; born March 5, 1953) is an American political philosopher and the Anne T. and Robert M. Bass Professor of Government Theory at Harvard University Law School, where his course Justice was the university's first course t ...

William Janeway William Hall "Bill" Janeway CBE (born May 3, 1943) is an American venture capitalist and economist. His work on the innovation economy emphasizes the strategic role played by the state and by financial speculators. Early life and education Bill ...

Perry Mehrling Perry G. Mehrling (born August 14, 1959) is professor of economics at Pardee School of Global Studies at Boston University. He was professor of economics at Barnard College in New York City for 30 years. He specializes in the study of financial ...

, and others * The ''Human Capital and Economic Opportunity Global Working Group'', headed by

James Heckman James Joseph Heckman (born April 19, 1944) is a Nobel Prize-winning American economist at the University of Chicago, where he is The Henry Schultz Distinguished Service Professor in Economics and the College; Professor at the Harris School of Pu ...

, is affiliated with the

Becker Friedman Institute for Research in Economics The Gary Becker Milton Friedman Institute for Research in Economics is a collaborative, cross-disciplinary center for research in economics. The institute was established at the University of Chicago in June 2011. It brought together the activit ...

University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private university, private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park, Chicago, Hyde Park neighborhood. The University of Chic ...

Leadership

The executive director is

Robert Johnson Robert Leroy Johnson (May 8, 1911August 16, 1938) was an American blues musician and songwriter. His landmark recordings in 1936 and 1937 display a combination of singing, guitar skills, and songwriting talent that has influenced later generati ...

, former managing director at the

hedge funds A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...

Soros Fund Management Soros Fund Management, LLC is a private American investment management firm. It is currently structured as a family office, but formerly as a hedge fund. The firm was founded in 1970 by George Soros and, in 2010, was reported to be one of the mos ...

and

Moore Capital Management Moore Capital Management LP (MCM) is a New York-based, global investment management firm headquartered in New York, New York.Economic history Economic history is the academic learning of economies or economic events of the past. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and i ...

* Heterodox economics *

Economic sociology Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly divided into a classical period and a contemporary one, known as "new economic sociology". The classical period was concerned ...

Political economy Political economy is the study of how economic systems (e.g. markets and national economies) and political systems (e.g. law, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as labour ...

* History of economic thought *

Post-Keynesian economics Post-Keynesian economics is a school of economic thought with its origins in '' The General Theory'' of John Maynard Keynes, with subsequent development influenced to a large degree by Michał Kalecki, Joan Robinson, Nicholas Kaldor, Sidney ...

References

External links

* {{official website
YouTube channel - INETeconomics

Cambridge-INET Institute

INET at the Oxford Martin School

INET Center on Imperfect Knowledge Economics
Political and economic think tanks in the United States Think tanks established in 2009 2009 establishments in New York City George Soros