The Institute for New Economic Thinking and the Centre for International Governance Innovation awarded $4 million in research grants to fund 29 different projects aimed at finding solutions for the world’s most pressing economic problems.

“We are pleased that we had the opportunity to consider so many strong proposals in this grant round,” INET Executive Director Rob Johnson said. “These 32 grants span a wide range of economic issues, but they all challenge conventional economic thinking in important ways. They emphasize inductive reasoning to escape the straightjacket of deductive reasoning founded on implausible assumptions. While we are funding exciting new research on the links between financial markets and the rest of the economy, as we have in the past, we are also supporting creative research in sustainable economics for the first time.”

“The daily economic news reminds us constantly of the need for new innovative approaches to address today’s economic challenges – from sovereign debt issues, the need for new growth policies, addressing inequities, ensuring sustainable growth, and many more,” CIGI Executive Director Thomas A. Bernes said. “The CIGI-INET Grant Program provides young scholars an opportunity to bring their energy and talents to bear on these problems and, hopefully, contribute to the identification of new approaches and policies.”

Grants Awarded: