Institute for New Economic Thinking

Institute for New Economic Thinking
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
Expenses (2017)	$14,841,294
Website	ineteconomics.org

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.

History

INET was founded with an initial pledge of $50 million from businessman and philanthropist George Soros.^[2]

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 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

Research 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

The executive director is Robert Johnson, former managing director at the hedge funds Soros Fund Management and Moore Capital Management.^[9]

References

^ ^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.