INET
 |
|
| Formation | October 2009 |
|---|---|
| Founder |
James Balsillie, William H. Janeway, George Soros |
| Type | Think tank |
| Legal status | 501(c)(3) research and education nonprofit organization |
| Headquarters | New York City, United States |
| Fields |
Macroeconomic and Post-Keynesian theory and policy |
|
President
|
Robert Johnson |
|
Chairman of the Governing Board
|
Adair Turner |
|
Revenue (2015)
|
$2,561,903 |
| Expenses (2015) | $2,030,597 |
| Website | ineteconomics |
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".
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.
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.
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