From the website: http://ineteconomics.org/
About the Institute
Founded in October 2009 with a $50 million pledge by George Soros, the New York City-based Institute for New Economic Thinking is a nonprofit organization providing fresh insight and thinking to promote changes in economic theory and practice through conferences, grants and education initiatives.
The Institute recognizes problems and inadequacies within our current economic system and the modes of thought used to comprehend recent and past catastrophic developments in the world economy. The Institute embraces the professional responsibility to think beyond these inadequate methods and models and will support the emergence of new paradigms in the understanding of economic processes.
The Institute firmly believes in empowering the next generation, providing the proper guidance as we challenge outdated approaches with innovative and ethical economic strategy.
The Institute’s objective is to expand the conversation to create an open discussion for a wider range of people. Some would say that present day dialogue is closed and polarizing. We recognize the need for an environment that is nourished and supported by discourse, a discussion that spans a much wider spectrum of thinking and incorporates the insights of other intellectual disciplines in both the natural and social sciences.
The Institute was conceived during the first half of 2009 through a series of discussions that culminated at a summit in July of 2009 in Bedford, NY.
To create an environment nourished by open discourse and critical thinking where the next generation of scholars has the support to go beyond our prevailing economic paradigms and advance the culture of change.
ADVISORY BOARD MEMBERS of the Institute of New Economic Thinking:
The Grand Master: George Soros
Dislikes: Fannie and Freddie
Interests: Remaking the world in his economic image, showing up to Carlyle Group meetings
Read more: http://www.businessinsider.com/institute-for-new-economic-thinking-board-2010-4##ixzz0nWyLiYwq
On the Advisory Board of NOTE: Jeffrey Sachs
Director, Earth Institute at Columbia University
Quetelet Professor of Sustainable Development
Professor of Health Policy and Management
Jeffrey D. Sachs is the Director of The Earth Institute, Quetelet Professor of Sustainable Development, and Professor of Health Policy and Management at Columbia University. He is also Special Advisor to United Nations Secretary-General Ban Ki-moon. From 2002 to 2006, he was Director of the UN Millennium Project and Special Advisor to United Nations Secretary-General Kofi Annan on the Millennium Development Goals, the internationally agreed goals to reduce extreme poverty, disease, and hunger by the year 2015. Sachs is also President and Co-Founder of Millennium Promise Alliance, a nonprofit organization aimed at ending extreme global poverty.
Professor Sachs is widely considered to be the leading international economic advisor of his generation. For more than 20 years Professor Sachs has been in the forefront of the challenges of economic development, poverty alleviation, and enlightened globalization, promoting policies to help all parts of the world to benefit from expanding economic opportunities and wellbeing. He is also one of the leading voices for combining economic development with environmental sustainability, and as Director of the Earth Institute leads large-scale efforts to promote the mitigation of human-induced climate change.
He is internationally renowned for his work as economic advisor to governments in Latin America, Eastern Europe, the former Soviet Union, Asia and Africa, and his work with international agencies on problems of poverty reduction, debt cancellation for the poorest countries, and disease control. He is a Research Associate of the National Bureau of Economic Research. Sachs has been an advisor to the IMF, the World Bank, the OECD, the World Health Organization, and the United Nations Development Program, among other international agencies.
AS AN ASIDE:
DATED March 12, 2010
Hedge Funds Plan Euro Shorts at Secret Dinner
Philosophy and Finance
At the London School of Economics, Soros became acquainted with the work of the philosopher Karl Popper, whose ideas on open society had a profound influence on his intellectual development. He was attracted to Popper’s critique of totalitarianism, The Open Society and Its Enemies, which maintained that societies can only flourish when they allow democratic governance, freedom of expression, a diverse range of opinion, and respect for individual rights. Later, working as a trader and analyst, he adapted Popper to develop his own “theory of reflexivity,” a set of ideas that seeks to explain the relationship between thought and reality, which he used to predict, among other things, the emergence of financial bubbles. Soros began to apply his theory to investing and concluded that he had more talent for trading than for philosophy. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds.
In February and April 2003 Foundation Watch opened a window on George Soros’ radical agenda for America.
We followed his money, which supports programs intended to push the U.S. legal
system, media, and society far to the Left. Our report looked at Soros’ support for activists who work to eliminate the death penalty, make imprisonment an unacceptable crime control measure, push for absolute abortion rights, legalize marijuana and hard drugs, give entitlements to immigrants regardless of legal status, and shift public opinion to approve physician-assisted suicide. But this does not begin to encapsulate Soros’ leftwing politics.
George Soros is a billionaire currency trader and hedge fund investor who bankrolls anti capitalist groups; an active supporter of campaign finance reform who poured millions into the 2004 election in the hopes of defeating President Bush; and a philanthropist whose network of foundations has been linked to the fall of governments. Such a complex and eccentric a figure seems like a ripe target for scrutiny. But the media have yet to examine carefully the man and his seeming contradictions.
The public knows next to nothing of Soros the meddler in campaign finance reform, much less of Soros the anti-capitalist capitalist, Soros the government-toppler, and Soros the global philosopher-king. Recently rumors surfaced that Soros has been organizing some 70 mega-rich “progressives” in a secretive “Phoenix Group” to fund a fifteenyear, hundred-million-dollar left-turn in society.
Regrettably, the media has shown little interest.
A search of the Lexis-Nexis database turns up very few stories about Soros’ plans to build up a network of funders who will support an intellectual infrastructure of pro-Democratic think-tanks, media outlets and leadership schools to rival conservatives.
Soros is among the many figures on the Left involved in the International Freedom Center at the World Trade Center’s Ground Zero.
The proposed Center is an exhibition hall that minimizes the importance of the 9/11 attacks by focusing on multi-cultural intolerance.
The actual 9/11 memorial will be stuck in an underground space one-sixth the size of the Center’s 300,000 square feet. To reach it visitors will have to walk through the Center. The Open Society Institute’s communications coordinator, Sarah Miller-Davenport, confirmed that Soros has pledged substantial funding to the IFC, but would not disclose the amount.
Soros seems to have elevated dissent above any other commitment to political principle.
Whatever he may believe, it is undeniable that that he is interested in effecting “regime change” in the U.S., as he has done elsewhere. And he has the ego to carry out his plans. According to his biographer,Michael Kaufman, Soros has said he has “godlike, messianic ideas” and that he sometimes thinks of himself as “superhuman.” He also told Kaufman that his goal “is to become the conscience of the world.”
The Wall Street Journal reported that when Soros speaks of the string of influential foundations he has financed throughout Central Europe, he often boasts, “the former Soviet Empire is now called the Soros Empire.” Soros admits he has “carried some rather potent messianic fantasies with me from childhood, which I felt I had to control, otherwise they might get me in trouble.”
Karl Popper offers an apt warning in Open Society and Its Enemies
Our greatest troubles spring from something that is as admirable as it is dangerous—from our impatience to better the lot of our fellows.
The Left in America claims to be of the people. The wonder is that in 2005 it is letting a figure of great wealth and supreme selfconfidence call its shots.
A New Think Tank funded by Soros.
Will we see Obama mirror some of the economic policy suggestions by this group?
JUST NO LONGER SILENT.