The Institute for New Economic Thinking

The Institute for New Economic Thinking (INET) was created to broaden and accelerate the development of new economic thinking that can lead to solutions for the great challenges of the 21st century.

The havoc wrought by our recent global financial crisis has vividly demonstrated the deficiencies in our outdated current economic theories, and shown the need for new economic thinking – right now.

INET is supporting this fundamental shift in economic thinking through research funding, community building, and spreading the word about the need for change. We already are a global community of thousands of new economic thinkers, ranging from Nobel Prize winning economists to teachers and students who have emerged out from the shadows of prevailing economic thought, attracted by the promise of a free and open economic discourse.

We are constantly devising ways to support the next generation of economics scholars, by providing money, advice, access to like-minded individuals and new outlets for their ideas, including the widespread use of web video and social media.

My Additional Content

Dr. Vamsi Vakulabharanam, an associate professor of economics at the University of Hyderabad and a grantee of...

If you're attending the EEA conference look below to see where you'll find stimulating discussions involving the INET community. For the full EEA program click here....

By Martha L. Olney and Aaron Pacitti

Recovery from recessions takes longer than it has in the past.

The current crisis aside, this change has not happened because recessions themselves are longer. Nor has it occurred because recessions are deeper than in the past. Instead...

Long before the recent controversy, INET Director of Research Projects Tom Ferguson and...

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About the Interview

If you want to understand how fund managers choose a portfolio, why not ask them? That’s what David Tuckett does: he draws on standard sociological techniques of interviewing to understand investors’ decisions to buy or sell assets. He says financial markets cannot be driven by economic fundamentals – because the future is uncertain – instead, they are driven by stories about fundamentals. David Tuckett merges insights from Keynes, from sociology, and from psychoanalysis to develop what he calls emotional finance – this is new economic thinking.