Posted on 11/04/2009 5:13:00 AM PST by rellimpank
Having purchased, rented, or placed a down payment on all the political influence up for sale in America, leftist troublemaker George Soros now plans to ramp up his war on markets worldwide by creating an "Institute for New Economic Thinking" (INET).
"The system we have now has actually broken down, only we haven't quite recognized it and so you need to create a new one and this is the time to do it," Soros told the Financial Times last month.
In an interview with Der Spiegel last year Soros said European-style socialism "is exactly what we need now. I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful -- but also very harmful to our society."
(Excerpt) Read more at spectator.org ...
Why is that idiot still breathing?
—celebrating ten years of FR today— 1,942 threads and 9,099 replies.—
Don’t understand why Soros is considered “Anti-Capitalist” when he is making more money with “Capitalism” than anybody else. Just seems he wants mo money an’ mo power just ‘cause he wants mo money and mo power.
I dunno, just askin’
Your statistics are incorrect. Single threads have generated thousands of replies recently. Missing some 000s I think.
Oh I see. Those are your threads and replies alone!
—yup—
For Immediate Release
October 27, 2009
New York/Budapest -- In response to the policy challenges presented by the economic crisis and the need to develop fresh approaches to economic theory, a group of top academics, policy-makers, and private sector leaders today announced the creation of the Institute for New Economic Thinking (INET). www.iNETeconomics.org
INET’s founding Advisory Board members include Nobel laureates George Akerlof, Sir James Mirrlees, A. Michael Spence and Joseph E Stiglitz, Willem Buiter, Markus K. Brunnermeier, Robert Dugger, Duncan Foley, Thomas Ferguson, Roman Frydman, Ian Goldin, Charles Goodhart, Anatole Kaletsky, John Kay, Axel Leijonhufvud, Perry Mehrling, Y.V Reddy, Ken Rogoff, Jeffrey Sachs, John Shattuck, William R. White and Yu Yongding. www.iNETeconomics.org/advisory-board
The Institute was established with a pledge of $5 million per year for 10 years from Open Society Institute Chairman George Soros, a long-time critic of classical economic theory, who will fund the effort through the Central European University (CEU).
The Institute will make research grants, convene symposia, and establish a journal. A first conference will be at King's College, Cambridge on April 9-11. Scholars will explore the implications of the financial crisis for regulatory policy. The first round of research grants will be made before the end of the year to cutting-edge scholars working with leading universities around the world. INET’s Executive Director will be Robert Johnson, an economist with long experience in government, academia, and the private sector.
In an essay written on the creation of INET, Professor Stiglitz noted, “The financial crisis has caused a moment of deep reflection in the economics profession, for it has put many long-standing ideas to the test. If science is defined by its ability to forecast the future, the failure of much of the economics profession to see the crisis coming should be a cause of great concern.”
Speaking in Budapest at the CEU, through which INET will be funded and which will be a hub of the INET network, Soros said, “The entire edifice of global financial markets has been erected on the false premise that markets can be left to their own devices, we must find a new paradigm and rebuild from the ground up. I decided to sponsor INET to facilitate the process. I hope others will join me.” Because he is both an INET benefactor and proponent of a particular theory, Reflexivity, Soros will recuse himself from the grant-making process. “While I hope reflexivity will be one of the concepts examined, there are numerous alternatives to the prevailing dogma that must be explored.” Soros added.
-end-
Contact: Robert Johnson
Phone: 212.444.9137
Email: RAJ@ineteconomics.org
George A. Akerlof
Koshland Professor of Economics, University of California at Berkeley
Sir James Mirrlees
Distinguished Professor-at-large, Chinese University of Hong Kong, and Emeritus Professor of Political Economy, University of Cambridge, England.
A. Michael Spence
Professor of Economics and Stanford Business School,
Joseph Stigilitz
Professor of Economics at Columbia University
Markus K. Brunnermeier,
Edwards S. Sanford Professor, Princeton University
Willem Buiter
Professor of Economics, London School of Economics
Robert H. Dugger,
Managing Partner, Hanover Investment Group
Duncan K. Foley
Leo Model Professor New School for Social Research and External Professor, Santa Fe Institute
Thomas Ferguson,
University of Massachusetts, Boston
Roman Frydman
Professor of Economics New York University
Ian Goldin
Director, James Martin 21st Century School Professorial Fellow, Balliol College University of Oxford
Charles Goodhart
Professor Emeritus
Anatole Kaletsky
Principal Economic Commentator, Times of London
Managing Director of Gavekal Research
John Kay
Financial Times
Axel Leijonhufvud,
Professor of Economics, UCLA
Perry Mehrling,
Professor of Economics, Barnard College, Columbia University
Dr Y.V Reddy
Former Governor of the Central Bank of India
Kenneth Rogoff
Thomas D Cabot Professor of Public Policy Department of Economics, Harvard University
Jeffrey D. Sachs
Director of The Earth Institute, Quetelet Professor of Sustainable Development, and Professor of Health Policy and Management at Columbia University
John Shattuck,
President Central European University
William R. White,
Former Economic Advisor, Head of the Monetary and Economic Department at the Bank for International Settlements, Basel"
Professor Yu Yongding,
Institute of World Economics and Politics, Chinese Academy of Social Sciences.
No women?
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