Formation October 2009 (2009-10) Website ineteconomics.org Founded October 2009 Type Think tank | Chairman of the Governing Board Adair Turner Founder George Soros President Robert Johnson | |
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Legal status 501(c)(3) research and education nonprofit organization Fields Macroeconomic and Post-Keynesian theory
and policy Headquarters New York City, New York, United States Similar Roosevelt Institute, Project Syndicate, Santa Fe Institute, Center for Economic and Polic, Open Society Foundations Profiles | ||
What is the institute for new economic thinking
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 2007–2012 global financial crisis. Its mission is "to nurture a global community of next-generation economic leaders, to provoke new economic thinking, and to inspire the economics profession to engage the challenges of the 21st century".
Contents
Example of explaining an organization
Funding
INET was founded with an initial pledge of $50 million from George Soros. It has since been supplemented by donations from James Balsillie and William H. Janeway, together with other philanthropists and financiers, including Paul Volcker, David Rockefeller, the Malcolm Hewitt Wiener Foundation, the Alfred P. Sloan Foundation, the Carnegie Corporation of New York, and Stiftung Mercator.
Advisory board
The INET advisory board includes nobel laureates George Akerlof, James Heckman, Sir James Mirrlees, Amartya Sen, A. Michael Spence, and Joseph Stiglitz, as well as other prominent economists such as Markus K. Brunnermeier, Willem Buiter, Wendy Carlin, Paul Davidson, Robert Dugger, Thomas Ferguson, Duncan K. Foley, Roman Frydman, Ian Goldin, Charles Goodhart, Anatole Kaletsky, John Kay, Axel Leijonhufvud, Perry Mehrling, Y.V. Reddy, Carmen Reinhart, Hélène Rey, Ken Rogoff, Jeffrey Sachs, John Shattuck, William R. White and Yu Yongding.
Affiliates
The Institute has disbursed approximately $4m annually in research grants. The INET at the Oxford Martin School was co-funded by James Martin and the Oxford Martin School. The Cambridge-INET Institute was co-funded with William H. Janeway, and the INET Center on Imperfect Knowledge Economics (IKE) is located at the University of Copenhagen.
Programs and projects
Research programs supported by INET include:
Eric Beinhocker, executive director of INET-Oxford, independently authored a book introducing some of the ideas held by some INET-associated economists, The Origin of Wealth.
Administration
The executive director is Robert Johnson, former managing director at the hedge funds Soros Fund Management and Moore Capital Management.