How to spend the $75m Janeway and Soros just gave to INET!?!

Lunch was just interrupted Bill Janeway standing up to announce that this morning he decided to give $25m to INET and the board will fund-raise this up to $100m over ten years, but then George Soros added $50m in unconditional funding for INET... Not sure what more to say. Two days of talks about how Austerity doesn't work, and then this. INET staff, if you're reading, consider this the first grant application: The future of New Economic Thinking in Historical Perspective! Oh yeah, of course they finished by playing "the best things in life are free" and are now introducing Amartya Sen. Unreal.

Comments

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It's wonderful, really.

Following much of the event, I was just saying to some friends of mine that the live broadcast was a window into the decision making of some of the world's best thinkers, and I feel it's a very great privilege to have it.

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It's been a privelege attending, and I think this is the only conference which starts at 8.30am, and ends with the last speaker who closes at midnight, and people are still milling around talking, exchanging papers (!) and debating the day's events. 

Andres Velasco's final talk was excellent as ever: "7 things Latin Americans would have told Europeans if you'd asked us about your crisis" (although it won't be on the page till tomorrow I expect). In fact, they'd saved a lot of the best (Richard Koo in particular), till last !

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