Institute for new economic thinking

The Institute for New Economic Thinking (INET) is a non-profit organization that aims to promote a new understanding of economics and its role in society. INET was founded in 2009 by George Soros, a billionaire investor and philanthropist, with the goal of challenging the dominant neoclassical economic paradigm and promoting a more nuanced and realistic understanding of the economy.

INET's mission is to:

  1. Promote a new understanding of economics: INET seeks to challenge the dominant neoclassical economic paradigm and promote a more nuanced and realistic understanding of the economy.
  2. Foster a more inclusive and diverse economic community: INET aims to bring together economists and scholars from a wide range of disciplines to promote a more inclusive and diverse economic community.
  3. Support innovative economic research: INET provides funding and support for innovative economic research that challenges conventional wisdom and promotes a more realistic understanding of the economy.
  4. Promote policy-relevant research: INET's research is designed to be policy-relevant, with the goal of informing and improving economic policy-making.

INET's work is focused on several key areas, including:

  1. Macroeconomics: INET's research on macroeconomics challenges the conventional wisdom on topics such as the role of government in the economy, the impact of globalization, and the causes of economic crises.
  2. Behavioral economics: INET's research on behavioral economics explores the ways in which psychological, social, and emotional factors influence economic behavior.
  3. Economic history: INET's research on economic history examines the ways in which economic systems have evolved over time and the lessons that can be learned from past economic experiences.
  4. Development economics: INET's research on development economics explores the ways in which economic systems can be designed to promote economic development and reduce poverty.

INET has a number of programs and initiatives that support its mission, including:

  1. The INET Working Group: This is a group of economists and scholars who meet regularly to discuss and debate the latest research and ideas in economics.
  2. The INET Research Network: This is a network of researchers and scholars who are working on projects related to INET's mission.
  3. The INET Summer Institute: This is a summer program that brings together young scholars and researchers to work on projects related to INET's mission.
  4. The INET Annual Conference: This is a annual conference that brings together economists and scholars from around the world to discuss the latest research and ideas in economics.

Some of the notable researchers and scholars associated with INET include:

  1. Joseph Stiglitz: A Nobel laureate and former Chief Economist of the World Bank, Stiglitz is a leading critic of the neoclassical economic paradigm.
  2. Paul Krugman: A Nobel laureate and former Chief Economist of the International Monetary Fund, Krugman is a leading advocate for a more nuanced and realistic understanding of the economy.
  3. Robert Solow: A Nobel laureate and former Professor of Economics at MIT, Solow is a leading expert on economic growth and development.
  4. Dani Rodrik: A leading expert on international trade and economic development, Rodrik is a Professor of International Political Economy at Harvard University.

Overall, INET is a leading organization in the field of economics, and its work has had a significant impact on the way we think about the economy and its role in society.