In the context of financial contagion, persistent unemployment, rising inequality and intense pressure on government budgets, economists around the world recognise that conventional doctrines and models need to be reassessed. .
INET was created to facilitate this critical enquiry and broaden and accelerate the development of economic thinking that can lead to solutions for the great challenges of the 21st century. Cambridge’s Faculty of Economics has now joined this global network of new economic thinkers.
The Cambridge-INET Institute is being set up through a $ 3.75 million grant from the INET that has been matched 1:1 with funding from The Keynes Fund for Applied Economics, Mohammed El Erian, the Cambridge Endowment for Research in Finance, The Isaac Newton Trust and the Faculty of Economics.
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Image: Money4web
Credit: Tim Holt
Reproduced courtesy of the University of Cambridge
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Global economic institute creates partnership with Cambridge economists
11 February 2013
In the wake of the global financial crisis, a new partnership plans to shake up economic thinking to reflect a rapidly changing world. Economists at the University of Cambridge have joined forces with the New York-based Institute for New Economic Thinking (INET) to advance innovative approaches to understanding how our economy and the associated financial system really work.