Formation 1991 Region served Global | Type Economic Think tank Founded 1991 | |
Leader Michael Milken (Founder and Chairman)
Michael Klowden (President and CEO) Website www.milkeninstitute.org Headquarters Santa Monica, California, United States Motto Changing the world in innovative ways Similar Prostate Cancer Foundation, Brookings Institution, American Enterprise Institute, Aspen Institute, RAND Corporation Profiles | ||
The Milken Institute is an independent economic think tank based in Santa Monica, California. It publishes research and hosts conferences that apply market-based principles and financial innovations to social issues in the US and internationally. The Institute is a 501(c)(3) nonprofit organization and is nonpartisan and non-ideological.
Contents
History
The institute was founded in 1991 by former Drexel Burnham Lambert banker Michael Milken.
Mission
The mission of the Institute is "to improve the lives and economic conditions of diverse populations in the United States and around the world by helping business and public policy leaders identify and implement innovative ideas for creating broad-based prosperity."
It focuses on human capital (talent, knowledge and experience and their value to organizations, economies and society), financial capital (investments) and social capital (bonds of society that underlie economic development, including schools, health care, cultural institutions and government services). It employs about 50 people.
Research
The Institute has published studies relating to human capital, access to capital, financial structures and innovations, regional economics, healthcare economics and medical research. It hosts a series of conferences including two annual conferences, a variety of financial innovation labs and a series of forums and private events. The Milken Institute Global Conference, first held in 1998, is an annual forum focused on economic and social issues. Speakers include figures from business, finance, government, education and sports. The institute also hosts an annual State of the State Conference, which examines major issues facing the state of California.
The Institute operates a series of centers focused on particular economic and health related topics. The centers are: The Asia Center, The California Center, The Israel Center, The Center for Financial Markets, and The Center for the Future of Aging.
Notable reports include: