Institute for New Economic Thinking
| Name | Institute for New Economic Thinking |
| Image |  |
| Formation | October 2009 |
| Founder | James Balsillie, William H. Janeway, George Soros, Robert Johnson |
| Type | Think tank |
| Status | 501(c)(3) research and education nonprofit organization |
| Headquarters | New York City, United States |
| Fields | Macroeconomic and Post-Keynesian theory and policy |
| Leader Title | President |
| Leader Name | Robert Johnson |
| Leader Title2 | Chairman of the Governing Board |
| Leader Name2 | Rohinton P. Medhora |
| Affiliations | University of Cambridge |
| Revenue | $430,000 |
| Revenue Year | 2024 |
| Expenses | $5.8 million |
| Expenses Year | 2024 |
| Website | http://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 (2007-2009), and runs a variety of affiliated programs at major universities such as the Cambridge-INET Institute at the University of Cambridge, and INET Oxford at the University of Oxford. It also has offices in London, England.
History
INET was founded with an initial pledge of $50 million from businessman and philanthropist George Soros, with co-founders William Janeway and James Balsillie. It was launched at Cambridge King's College as a tribute to alumnus John Maynard Keynes.
Affiliates
In November 2010, INET announced that about $7 million would be provided for the inaugural round of grants. Another four task groups tled by INET advisory board members were awarded more than $3 million in grants in 2010. One of these awards was to Steven Pincus of Yale and James Robinson of Harvard for research on the origins of the British Industrial Revolution. In 2011, $4 million in grants from INET and the Centre for International Governance Innovation (CIGI) was divided among 29 recipients. 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 witha $3.75 million grant from INET that was matched with an additional $3.75 million grant from the Keynes Fund for Applied Economics, Isaac Newton Trust, Mohammed El Erian, the Cambridge Endowment for Research in Finance, and the University of Cambridge Faculty of Economics. Professor Sanjeev Goyal held the position of inaugural director of Cambridge-INET. In January 2011, INET partnered with the Centre for International Governance Innovation to support research in economic theory and innovative projects. On 1 August 2021, the Cambridge INET moved and became a part of the Faculty of Economics at the new Janeway Institute Cambridge.
Similar collaborations exist with the INET at the Oxford Martin School, co-funded by James Martin in 2012, as well as the INET Center on Imperfect Knowledge Economics (IKE) at the University of Copenhagen. INET Oxford works with scholars from the University of Oxford as well as the Saïd Business School, the Department of International Development, the Department of Mathematics and the Department of Economics.
In November 2013, INET provided a $250,000 grant to the University College London for the establishment of its Center for the Study of Decision-Making Uncertainty. It also agreed to match 50% on top of the total raised from other donors.
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, William Janeway, Perry Mehrling, and others
- 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.
- INET Young Scholars Initiative (YSI) inaugurated in 2012 at INET’s "Paradigm Lost" conference in Berlin.
Leadership
The INET executive director is Robert Johnson, former managing director at the Soros Fund Management and Moore Capital Management hedge funds.
See also
- Economic history
- Heterodox economics
- Economic sociology
- Political economy
- History of economic thought
- Post-Keynesian economics
References
- The Institute For New Economic Thinking Inc - Nonprofit Explorer, ProPublica, 29 December 2025, en, 9 May 2013
- 2013-04-01, Lord Turner to join Soros-funded think tank, 2025-04-09, BBC News, en-GB
- Gates, Philip, Ten things you need to know about the Institute for New Economic Thinking and why it's heading to Edinburgh, Insider.co.uk, 17 October 2017, 23 September 2020, 2 December 2020, live
- Scanlon, Hunt, 2015-09-08, Rosenzweig Co. Completes Search for INET, 2025-03-31, Hunt Scanlon Media, en-US
- The Institute for New Economic Thinking, 2025-03-31, Adam Smith Institute, en-GB
- Candid, Institute for New Economic Thinking Announces Inaugural Grants, 2025-04-09, Philanthropy News Digest (PND), en
- harvardgazette, 2010-11-12, Harvard professor INET grant recipient, 2025-04-09, Harvard Gazette, en-US
- Kelly, Declan, Five Canadians among recipients of $4M in CIGI-INET research grants, 2025-04-09, Centre for International Governance Innovation, en
- Nagri, Idris, 2013-02-07, Cambridge University Forms Partnership with New York Economic Institute, 2025-04-14, The Global Treasurer, en-US
- About the Institute, The Cambridge-INET Institute, 2 August 2018, 23 September 2020, 22 September 2020, live
- 2018-08-02, About the Institute, 2025-04-14, www.inet.econ.cam.ac.uk, en
- Partnership with the Institute for New Economic Thinking (INET), CIGI, 2020-09-23, 2020-09-27, live
- Cambridge-INET Becomes the Janeway Institute , , The Weslie and William Janeway Institute for Economics, 2025-04-23, www.janeway.econ.cam.ac.uk
- INET Oxford, 2025-04-23, Oxford Martin School, en
- Institute for New Economic Thinking (INET) - Mapping the Humanities, 2025-04-23, www.humanities.org.uk
- INET-Oxford Martin, Oxford Martin, 2020-09-23, 2020-09-24, live
- INET Oxford, 2025-04-23, Oxford Martin School, en
- 2025-03-28, Leadership , , Saïd Business School, 2025-04-23, www.sbs.ox.ac.uk, en
- UCL, 2013-11-12, New UCL Centre for study of Decision-Making Uncertainty announced, 2025-05-02, UCL News, en
- Should you be able to pay to join a "dwarf-tossing" game?, Preeti, Varathan, Qz.com, 25 April 2018, 15 February 2022, 12 April 2022, live
- The Human Capital and Economic opportunity Global Working Group, 27 December 2011, The University of Chicago, 28 December 2012, 28 December 2023, live
- Inclusive Development: Role of Employment and Environment , , INET-YSI and IPP, NLSIU Conference, 2025-05-02, National Law School of India University, en-US
- INET’s Young Scholars Initiative Convenes; Soros Addresses Group , , Central European University, 2025-05-02, www.ceu.edu
- A crossroads for the U.S. economy, Irwin, Neil, 29 July 2010, The Washington Post, 27 January 2011, 11 November 2012, live
External links
- YouTube channel - INETeconomics
- Cambridge-INET Institute
- INET at the Oxford Martin School
- INET Center on Imperfect Knowledge Economics
Category:Political and economic think tanks in the United States
Category:Think tanks established in 2009
Category:2009 establishments in New York City
Category:George Soros