Reacting to the Crash | Building Community | Providing New Economic Thinking
2009 - 2010
- THE BEDFORD SUMMIT - Financier and Philanthropist George Soros, economist Rob Johnson, economics editor Anatole Kaletsky, and economist Roman Frydman, join 25 other academics, financiers, and journalists in Bedford, New York to discuss how to reshape economics in the wake of the financial crisis.
- INSTITUTE FOUNDED - The Institute is founded with a $50M gift from George Soros. Rob Johnson is appointed President of the organization, and Anatole Kaletsky its first Governing Board Chair. The organization establishes an advisory board of nearly 40 prominent thinkers, including six winners of the Nobel Prize in Economics.
- THE ECONOMIC CRISIS AND THE CRISIS IN ECONOMICS - More than 200 leading economists, government officials, and media members gather at Keynes College at the University of Cambridge for the Institute's inaugural plenary conference.
- RESEARCH BEGINS - The Institute initiates its first grant round and establishes research task forces, supporting projects from a wide array of heterodox thinkers.
- THE INAUGURAL PARTNERSHIP - Research In Motion (RIM) founder Jim Balsillie joins as Institute Co-Founder with a $25M gift. Balsillie's organization, the Centre for International Governance Innovation (CIGI) becomes a key partner to the Institute.
- CRISIS AND RENEWAL - The Institute draws massive media attention for its second conference, discussing the economic crisis and its implications on economic thinking. The event is held at the historic Mount Washington Hotel, site of the 1944 Bretton Woods Conference.
- A TRANSFORMATIONAL GIFT - Theorist and practitioner Bill Janeway, already an Institute Governing Board Member, becomes an Institute co-founder with a $25M gift through his Pyewacket Foundation.
- PARADIGM LOST - The Institute explores the Eurozone crisis at it's third-annual conference in Berlin, Germany.
- YOUNG SCHOLARS INITIATIVE - Students gather at the Berlin conference and form the Institute's Young Scholars Initiative (YSI) - a student-organized community of new economic thinkers.
- CHANGING OF THE GUARD? - The Institute holds its fourth plenary conference in Hong Kong, where more than 900 attendees gather to explore the emergence of Asian economies. The Institute begins research collaborations in China, India, South Korea, and other parts of Asia.
- GLOBAL PARTNERS COUNCIL - Under the leadership of Governing Board Member Rob Dugger, the Institute establishes a global philanthropic alliance of intellectually curious practitioners and economic thinkers who help guide the organization.
- INTERACTIVE EDUCATION - The Institute begins to explore the world of Massive Open Online Courses (MOOCs), with the filming of "The Economics of Money and Banking," taught by Institute Academic Council Member Perry Merhling.
- HUMAN AFTER ALL - The Institute explores the economics of innovation at its plenary conference in Toronto, Canada.
- RESEARCH PARTNERSHIPS - The Institute expands its global research footprint, with 15 institutional partners across North America, South America, Western Europe, Eastern Europe, Asia, and South Asia.
- POWERFUL PLATFORMS - With a gift from Governing Board Member Mitch Julis, the Institute redefines its image online, and continues to build its social media presence, drastically increasing readership to hundreds of thousands of online viewers per week.
2015 AND BEYOND
- TURNER APPOINTED CHAIRMAN - Institute Senior Fellow and former Chair of the UK Financial Services Authority, Adair Turner, is appointed as the Institute's Governing Board Chairman, succeeding Anatole Kaletsky.
- INSTITUTE REVIEW COUNCIL - An independent body validates the Institute's progress and acknowledges that its work is just beginning. The Institute redevelops its strategic plan, with a mandate to increase fundraising and internal capacity to meet this challenge.
- SHARPENING RESEARCH AND EDUCATION - As of late 2015, the Institute is pursuing more directed research programs in the areas of: finance and the broader economy, inequality and distribution, the economics of innovation, environment and resource sustainability, as well as work on a variety of theoretical and methodological underpinnings. Education efforts are focused on addressing the resistance of the economics profession to the teaching of and research on new economic thinking.
- REACHING FUTURE LEADERS - The Institute is also seeking to change the conversation in economics by trying to impact the larger societal context in which economists operate. The focus is on influencing future leaders both inside and outside academia via large-scale, highly public online outreach programs.