The Institute for New Economic Thinking at the Oxford Martin School will build a broad platform for research collaboration and practical engagement on economic theory and policy making at the global level. Our aim is to stimulate innovation and debate in economics, support visionary interdisciplinary research, and radically redefine the education of the next generation of economists and business and government leaders.
INET@Oxford will benefit from its foundation in the Oxford Martin School, through drawing on its global networks and capacity to work effectively across disciplinary boundaries. INET@Oxford’s team of top scholars from across the sciences, social sciences and humanities will create new opportunities to develop innovative insights into major economic issues.
INET@Oxford will also seek out collaborations with practitioners and policy makers to support the application of those insights to some of our greatest economic challenges.
INTERDISCIPLINARY
INET@Oxford is a rapidly expanding interdisciplinary research centre founded in the Oxford Martin School. It will stimulate debate in economics, support visionary interdisciplinary research and contribute to the education of the next generation of economists, as well as business and government leaders.
IMPACT
INET@Oxford seeks to influence the theory, practice and teaching of economics. The Institute will deliver impact through academic research, collaborations with policymakers and practitioners, curriculum development, and outreach through publications, workshops and symposia.
PARTNERSHIP
INET@Oxford will have partnerships with the Institute for New Economic Thinking (www.ineteconomics.org) and Central European University (www.ceu.hu). Over time, INET@Oxford will build partnerships with other academic, research and policy-making institutions around the world.
CURRENT PROGRAMMES
Economic Modelling (EMod):
INET@Oxford was launched with this research programme on the causes and consequences of the financial crisis, the impacts of shifts in inequality of income and wealth, flaws in mathematical tools underpinning neo-classical economics, and developing new methods of forecasting that are robust after crises.
• Sir David Hendry, Professor of Economics
• Sir Tony Atkinson, Professor of Economics
• John Muellbauer, Professor of Economics
Complexity Economics
Building on existing efforts by the Oxford CABDyN group, leading scholars will apply perspectives and tools from complex systems theory, network theory, and evolutionary theory to deepen our understanding of economic phenomena, including financial crises, economic growth, inequality, and the management of systemic risk.
• J. Doyne Farmer, Professor of Mathematics
• Felix Reed-Tsochas, James Martin Lecturer in Complex Systems
Global Economic Development (OXIGED)
This research initiative takes an intellectually integrative look at why some regions have successfully increased participation in the world economy while poverty remains an urgent issue in those countries which have been left behind. This existing research programme will be affiliated with INET@Oxford.
• Paul Collier, Professor of Economics
• Tony Venables, Professor of Economics
Ethics and Economics
This expanding programme involves economists, philosophers, legal scholars, management researchers, and policy experts examining why financial institutions take such enormous risks which are not always in the interest of their shareholders and clients, and why post 2008 the financial services industry is strongly resisting reforms which would constrain such risk-taking.
• John Armour, Professor of Law and Finance
• David Vines, Professor of Economics
INITIATIVES UNDER DEVELOPMENT
INET@Oxford has an ambitious programme of research that will be expanded to include new activity in the areas of the economics of employment and inequality, and new models of economic growth. Also in the future, the Institute will develop curriculum materials for economics programmes, business schools and public policy schools to support teaching that is informed by new economic thinking and an increasing understanding of the complexity of global systems.
ABOUT THE OXFORD MARTIN SCHOOL
The Oxford Martin School is a unique interdisciplinary community within the University of Oxford. The School fosters innovative thinking, deep scholarship and collaborative activity to address the most pressing risks and realise new opportunities of the 21st century. It was founded in 2005 through the vision and generosity of James Martin, and currently comprises over 30 interdisciplinary research programmes on global future challenges. The Oxford Martin School’s Director is Ian Goldin, Professor of Globalization and Development.
