What does Institute for New Economic Thinking do?

The Institute for New Economic Thinking (INET) is a nonprofit think tank based in New York City, established in 2009 to address economic challenges highlighted by the Great Recession. Founded with support from philanthropist George Soros and other co-founders, INET aims to promote innovative economic ideas and research that foster a more equitable and prosperous society. The organization operates globally, with a focus on English-language activities, and is dedicated to challenging traditional economic theories. INET conducts and funds research, supports young economists through its Young Scholars Initiative, and develops educational resources. It engages with the public and policymakers to promote new economic paradigms, addressing issues such as inequality and digital transformation. The organization also hosts conferences and events to facilitate idea exchange and amplify the work of its grantees. With an annual budget of around $4 million for research grants, INET plays a significant role in shaping contemporary economic thought.