About the Institute for New Economic ThinkingThe Institute for New Economic Thinking was created to broaden and accelerate the development of new economic thinking that can lead to solutions for the great challenges of the 21st century. The havoc wrought by our recent global financial crisis has vividly demonstrated the deficiencies in our outdated current economic theories, and shown the need for new economic thinking -- right now.The Institute is supporting this fundamental shift in economic thinking through research funding, community building, and spreading the word about the need for change. We already are a global community of thousands of new economic thinkers, ranging from Nobel Prize winning economists to teachers and students who have emerged out from the shadows of prevailing economic thought, attracted by the promise of a free and open economic discourse. We are constantly devising ways to support the next generation of economics scholars, by providing money, advice, access to like-minded individuals and new outlets for their ideas, including the widespread use of web video and social media.Institute for New Economic ThinkingI4NET_3c3560b4-b0dd-11e4-929b-20e26e048708Economic LeadersRobert JohnsonPresident, Institute for New Economic ThinkingJim BalsillieCo-Founder -- Founder, The Centre for International Governance InnovationWilliam JanewayCo-Founder -- Senior Advisor, Warburg PincusGeorge SorosCo-Founder -- Chairman, Soros Fund ManagementI4NET Governing Board Erik BerglöfEuropean Bank for Reconstruction and DevelopmentChris CanavanSoros Fund ManagementRobert DuggerHanover Investment GroupAlbert J. DwoskinA.J. Dwoskin & Associates, Inc.William JanewayWarburg PincusPaul JenkinsThe Centre for International Governance InnovationMitchell R. JulisCanyon Partners, LLCPeter JungenPeter Jungen HoldingsAnatole KaletskyReutersRohinton MedhoraThe Centre for International Governance InnovationDrummond PikeTides FoundationI4NET Advisory BoardEric BeinhockerINET@OxfordMarkus K. BrunnermeierPrinceton UniversityWillem Hendrik BuiterCitigroupBruce CaldwellDuke UniversityWendy CarlinUniversity College LondonPaul DavidsonJournal of Post Keynesian EconomicsOttmar EdenhoferPotsdam Institute for Climate Impact Research (PIK)Barry EichengreenUniversity of California, BerkeleyThomas FergusonUniversity of MassachusettsDuncan FoleyNew School for Social ResearchRoman FrydmanNew York UniversityIan GoldinJames Martin 21st Century School, University of OxfordCharles GoodhartLondon School of EconomicsAndy HaldaneBank of EnglandJames HeckmanUniversity of Chicago, Nobel Prize in Economics, 2000David HendryUniversity of OxfordSimon JohnsonMIT Sloan School of ManagementJohn KayFinancial TimesRichard KooNomura Research InstituteAxel LeijonhufvudUniversity of California, Los AngelesPerry G. MehrlingBarnard College, Columbia UniversitySir James Alexander Mirrlees, FBAUniversity of Cambridge, Nobel Memorial Prize in Economic Sciences, 1996Hélène ReyLondon Business SchoolKenneth RogoffHarvard UniversityJeffrey D. SachsThe Earth Institute, Columbia UniversityAmartya SenHarvard University, Nobel Memorial Prize in Economics, 1998Andrew Michael SpenceNew York University Stern School of Business, Nobel Prize in Economics, 2001Joseph E. StiglitzColumbia University, Nobel Prize in Economics, 2001Andres VelascoFormer Minister of Finance, ChileWilliam WhiteBank for International SettlementsYu YongdingInstitute of World Economy, CASSZhu MinInternational Monetary FundI4NET PartnersThe Institute for New Economic Thinking has a variety of partnerships with global research institutions and major universities around the word that serve various purposes and help further the Institute’s agenda. The list below offers a quick glance at the partnership organizations and the goals for these programs.Centre for International Governance InnovationThe Institute and the Centre for International Governance Innovation (CIGI) entered into a partnership in 2011. Since then, the organizations have worked to broaden and accelerate the development of innovative thinking that will lead to insights and solutions for the great economic and governance challenges of the 21st century. As a close partner, CIGI has participated in all of the Institute’s Governing Board meetings and helped with the development of the organization’s strategic plan. CIGI also has been a partner in the Institute’s annual plenary conference and the two organizations have collaborated on smaller, targeted convenings, such as the "False Dichotomies Conference" in November 2012 at CIGI's campus in Waterloo, Ontario, which focused on the problems related to financial instability.Fields Institute of Mathematics and ScienceThe Institute has entered into a partnership with the University of Toronto’s Fields Institute, one of the leading international research centers in mathematics. A focal point of the research is for developments in dynamical systems, nonlinearity, network science, complexity theory, game theory, and other mathematical techniques that also extend far beyond the domain of traditional tools used in economics.University of Southern California (USC)The Institute has entered into a partnership with the University of Southern California (USC). The program consists of nine areas of inquiry, representing a combination of theoretical and empirical research: * Modeling Global Macroeconomic and Financial Interactions * Emergence of China, Financial Market Integration and the Global Economy * Forecasting Financial Variables using Pooling and Panel Techniques * Survey Expectations for the Analysis of Correlated Behavior * Empirical Analysis of Social Networks * Economic Models in Network Formation * Causal Inference in Networks * Open versus Closed Trading Networks with Application to Industrial Organization and Finance * Behavioral and Experimental Approaches to Financial Economics * New Approaches to Modeling Financial Markets and MoneyUniversity of CambridgeThe Institute also has established a research center at the University of Cambridge that is designed to create a major global nexus of fundamental research in economics and to undertake the challenge of reforming the core economics curriculum. The program is still in the fledgling stage, but it will be based on four themes: networks, crowds, and markets; transmission mechanisms and economic policy; information, uncertainty, and incentives; and empirical analysis of financial markets. University of CopenhagenThe Institute created the Center for Imperfect Knowledge Economics, or IKE, at the University of Copenhagen in April 2012. IKE recognizes the importance of non-routine change and imperfect knowledge in understanding market outcomes and the consequences of economic policy. Beyond providing an alternative approach to macroeconomics and finance modeling, opening economic analysis to non-routine change requires rethinking conventional approaches to empirical research, which have assumed away the importance of such change. The Institute's Copenhagen Center for IKE will harness and extend this methodology to explore how to confront, with empirical evidence, models that recognize that market participants and policymakers must cope with inherently imperfect knowledge and the resulting structural uncertainty. Kiel InstituteThe Institute has entered into a partnership with the Kiel Institute in Germany to further the study of new economic ideas. The Kiel Institute is an international center for research in global economic affairs, economic policy consulting, economic education and documentation. The aim of this research program is to bring economic analysis into closer contact with related disciplines in order to develop new perspectives on human motivation and decision-making. These new perspectives will be used to develop fresh paradigms for economic model building. For example, they will give human emotions, motivational states, personality traits, reflexivity, interpersonal relations, social norms, identity formation, and moral principles a central role in helping to explain economic activities.New Economic SchoolThe Institute has entered into a joint venture in Russia with the New Economic School in Moscow and the Faculty of Liberal Arts and Sciences at St. Petersburg State University to promote new economic thinking. The Russian program will focus on problems such as the connection between societal economic and political structures, the links between value systems and economic structure, detection of the roots of regional imbalances, and the failures of the perception and implementation of economic reform. The program is still in its nascent stages and will be fully built out in the coming years.Oxford Martin SchoolIn April 2012, the Institute formed a research center in partnership with Oxford University’s Oxford Martin School. Called The Institute for New Economic Thinking at Oxford, it is designed to be a major European hub and function as an interdisciplinary research center to stimulate economic debate and support visionary research across a wide range of economic fields. The first phase of center’s development was the Institute for Economic Modeling, a program focused on investigating the changes needed for economic analyses, policy, empirical modeling, and forecasting when there are sudden or very rapid and unanticipated changes in economies, and developing alternative approaches that improve on current ones. The research institute also contains initiatives focusing on complexity economics, global economic development, and ethics and economics.St. Petersburg State UniversityThe Institute has entered into a joint venture in Russia with the New Economic School in Moscow and the Faculty of Liberal Arts and Sciences at St. Petersburg State University to promote new economic thinking. The Russian program will focus on problems such as the connection between societal economic and political structures, the links between value systems and economic structure, detection of the roots of regional imbalances, and the failures of the perception and implementation of economic reform. The program is still in its nascent stages and will be fully built out in the coming years.Azim Premji UniversityIn India, the Institute and Azim Premji University are co-sponsoring a series of summer and winter schools for students in economics and related fields. The first event was an Advanced Graduate Workshop in Indian Development, which was held in July 2012. The weeklong program was open to advanced Ph.D. social science students at any Indian university and explored critical debates in Indian economic development. The workshop was devoted to identifying the complex interactions that have influenced India’s trajectory of development and to conceive of development strategies that might be successful in promoting equitable growth, building workforce capabilities, and reducing poverty. Given the enormous intellectual challenges and opportunities facing the world’s most populous democracy an important step is to build a new generation of scholars and practitioners that have a critical perspective that can contribute towards rethinking and reshaping the public debate. To that end, the workshop brought together an interdisciplinary group of scholars at the advanced stages of their Ph.D. dissertations from all over India to collaboratively engage in these issues with each other and with leading academics and practitioners. Future workshops on similarly crucial topics are planned.Fung Global InstituteAs part of the Institute's effort to expand its reach to Asia, the Institute is developing a relationship with the Fung Global Institute (FGI), an independent think tank and teaching institution in Hong Kong. FGI generates and disseminates innovative thinking and business-relevant research on global issues from Asian perspectives. The Institute aims to encourage global policy and actions to move toward a prosperous and sustainable future for the world. The first step in the relationship was the Institute’s fourth annual plenary conference, which was held in Hong Kong in April 2013 and was co-sponsored by FGI. Future involvement between the two organizations is in the planning stages.Tsinghua UniversityThe Institute has entered into a joint venture with Tsinghua University in the People's Republic of China, focusing largely on the areas of the green economy, climate change, financial reform, and Chinese economic reform. _3c356212-b0dd-11e4-929b-20e26e048708To 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._3c356410-b0dd-11e4-929b-20e26e048708GrantsAward grants for research in new economic thinking._3c356424-b0dd-11e4-929b-20e26e0487081The Institute awards individual grants each year to individuals or teams proposing research in new economic thinking. Grants allow the in-depth examination of an issue or development of a concept, and at grant averaging $25,000-$250,000. In many cases The Institute funds projects that would not generally be funded through conventional academic funding channels._3c356425-b0dd-11e4-929b-20e26e048708Research ProgramsIdentify issues requiring in-depth research and fund a Research Program._3c356426-b0dd-11e4-929b-20e26e0487082The Institute periodically identifies critical issues requiring in-depth research and will fund a Research Program to undertake the work, typically over several years. Research Programs are usually large teams led by senior economists, often from the The Institute Advisory Board who mentor and marshal the energies and ideas of young scholars in a focused area ripe for new economic thinking._3c356427-b0dd-11e4-929b-20e26e048708ConferencesStages conferences and regional meetings around the world._3c356428-b0dd-11e4-929b-20e26e0487083The Institute stages a series of conferences and regional meetings held around the world that bring people from different fields and schools of thought together to debate on vital issues and questions that urgently require new economic thinking. Conference proceedings captured on video are typically available at The Institute's website shortly after a conference to enable the broadest community possible to re-experience the discussions and understand the issues._3c356ad2-b0dd-11e4-929b-20e26e048708PartnershipsEstablish partnerships with leading thought centers around the world._3c356ad3-b0dd-11e4-929b-20e26e0487084Thought CentersUniversitiesThink TanksResearch InstitutionsThe Institute is establishing partnerships with leading thought centers (universities, think-tanks and other research-oriented institutions) around the world to provide intellectual hubs aligned with the The Institute mission and supporting local communities of innovators. Ultimately, a large network of centers in different countries will provide a global infrastructure for scholars to travel and more easily collaborate with colleagues around the world._3c356ad4-b0dd-11e4-929b-20e26e048708WebsiteProvide an environment for learning and collaboration around economics._3c356ad5-b0dd-11e4-929b-20e26e0487085Online -- The Institute's website provides a rich environment for learning and collaboration around economics. Through extensive use of multimedia content and social media, we are able to connect up a global community to share ideas, experience events in common and discuss pressing developments relating to economics. The website contains video interviews with leading figures shaping the future of economics and other examples of new economic thinking, plus a range of thought provoking blogs._3c356ad6-b0dd-11e4-929b-20e26e0487082015-02-09http://ineteconomics.org/aboutOwenAmburOwen.Ambur@verizon.net