Robert Johnson

Institute for New Economic Thinking

Robert Johnson serves as President of the Institute for New Economic Thinking and a Senior Fellow and Director of the Global Finance Project for the Franklin and Eleanor Roosevelt Institute in New York.

Johnson is an international investor and consultant to investment funds on issues of portfolio strategy. He recently served on the United Nations Commission of Experts on International Monetary Reform under the Chairmanship of Joseph Stiglitz.

Previously, Johnson was a Managing Director at Soros Fund Management where he managed a global currency, bond and equity portfolio specializing in emerging markets. Prior to working at Soros Fund Management, he was a Managing Director of Bankers Trust Company managing a global currency fund.

Johnson served as Chief Economist of the US Senate Banking Committee under the leadership of Chairman William Proxmire (D. Wisconsin). Before this, he was Senior Economist of the US Senate Budget Committee under the leadership of Chairman Pete Domenici (R. New Mexico).

Johnson was an Executive Producer of the Oscar winning documentary, Taxi to the Dark Side, directed by Alex Gibney, and is the former President of the National Scholastic Chess Foundation. He currently sits on the Board of Directors of both the Economic Policy Institute and the Campaign for America’s Future.

Johnson received a Ph.D. and M.A. in Economics from Princeton University and a B.S. in both Electrical Engineering and Economics from the Massachusetts Institute of Technology.

My Content

As a Detroit Native, I do not know many people who are more devout Detroit Red Wing fans than I am. Yet when I read David Sirota’s words in the article below it gave me pause.

“How could Michigan officials possibly talk about cutting the average $19,000-a-year pension benefit for municipal workers while reaffirming their pledge of$283 million in taxpayer money to a professional hockey stadium?

In the wake of the 2008 financial crisis, many of our policy makers and top economists are still stumbling in the dark.

One needn’t look far for proof. The symptoms of their failure are everywhere. Financial markets remain too volatile and crises too common. Inequality is raging and increasing around the globe. And environmental damage continues unabated, with rising climate volatility belying claims that we can experience sustained and broad-based prosperity without major changes in the global economy.

Originally appeared in China Daily

What is the purpose of economics?

In the wake of the 2008 global financial crisis, much of the economics profession has failed to provide a convincing answer to that question. But for the field of economics this is a crucial, existential question, and one that economists must answer if they want to be relevant in arapidly changing world.

Originally appeared on Yahoo! Finance

What happens when there’s no leader in the global economy?

That’s what the world is finding out right now. Since the 2008 financial crisis the countries that sit atop the world economy – the United States, China, and Germany – have failed to cooperate and fix a broken system that is creating unnecessary suffering.

Valentine’s Day, 2013, brought the Institute for New Economic Thinking a rude shock that belied the day’s reputation for good cheer and romance. A German business magazine, Wirtschaftswoche, published an article signed by no less than three correspondents claiming that INET had financed the appearance at a panel of at Columbia University of the leader of the principal Greek opposition party, Mr. Alexis Tsipras, along with two of his advisers (“Ihren Auftritt mitfinanziert hat Soros’ Thinktank INET”).

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Panel titled "Economics and the Powerful: Faulty Analysis, Economic Advice, and the Imperatives of Power" at the Institute for New Economic Thinking's "Changing of the Guard?" conference in Hong Kong. Featured panelists include Norbert Haring, INET Grantee Steve Keen, and INET Advisory Board member Robert Lord Skidelsky, with INET Executive Director Rob Johnson moderating.

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Opening remarks at the Institute for New Economic Thinking's "Changing of the Guard?" conference in Hong Kong on April 4, 2013, by INET Executive Director Rob Johnson, Fung Global Institute Founding Chairman Victor K. Fung, CIGI President Rohinton Medhora, and INET Governing Board Chair Anatole Kaletsky.

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Rob Johnson (Executive Director of the Institute for New Economic Thinking), Andrew Sheng (President of the Fung Global Institute), and Yu Yongding (INET Advisory Board member and Director of the Institute of World Economics and Politics at CASS) speak at a press conference on April 3 before INET's "Changing of the Guard?" conference at the Intercontinental Hotel in Hong Kong.

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Robert A. Johnson, Executive Director, Institute for New Economic Thinking (INET)