Announced in January 2011, the partnership between the Institute for New Economic Thinking (INET) and CIGI is committed to broadening and accelerating the development of innovative thinking that will lead to insights and solutions for the great economic and governance challenges of the 21st century. Initiated by CIGI Founder and Chair Jim Balsillie and INET Founding Sponsor George Soros, the agreement provides $25 million (CAD) over five years to support joint CIGI-INET activities.

Founded in 2009 in response to the global financial crisis, INET is a non-profit organization providing fresh insight and thinking to promote changes in economic theory and practice through conferences, grants and education initiatives.


INET's initiatives include: research grants designed to harness the new economic thinking that is crucial to effecting change; a campus outreach program that sees Nobel Laureates and world-renowned scholars visiting graduate students in economics to promote education, discourse and the sharing of new ideas; and an events program aimed at fostering open discussion, transparency and the amplification of fresh ideas.

Under the CIGI-INET partnership, these activities - including the grants and campus outreach - will be extended to Canada. As the partnership develops, CIGI and INET will consider additional joint activities to further their common mission.

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International policy and economics leaders to explore innovation’s impact and potential, at CIGI-INET conference

Monday, March 17, 2014
Media advisory
Members of the media are invited to attend Human After All: Innovation, Disruption, Society – a conference being held April 10- 12, 2014, at the Fairmont Royal York Hotel in Toronto.

International study puts middle class in spotlight

Thursday, March 13, 2014
Paul Mayne
Western News
“For people in business, who are trying to sell things in China, there is a lot of talk on the business side about the middle class and what they demand and will buy. But there hasn’t been very much substantive discussion," says CIGI-INET grantee Terry Sicular, is describing her project The Middle Class and China's Economic Development.

Two Canadians among 23 recipients of $2.1M in research grants from CIGI and Institute for New Economic Thinking

Monday, December 23, 2013
Declan Kelly and Eric Weiner
News Release
Two Canadians are among 23 recipients of a total of $2.1 million in grants for research projects, announced by the Centre for International Governance Innovation (CIGI) and the Institute for New Economic Thinking (the Institute).

You Can't Buy Nirvana: Adam Smith and the Buddha

December 17, 2013
Ronald Wintrobe
Economics and Buddhism would seem to have little in common with each other. The central question in Buddhist philosophy, however, is the same as that in economics: what is the key to human happiness? But Buddhism and economics answer this question opposite to one another. In economics, wealth is the key to happiness — the wealthier you are the more goods and services you can consume. This is the essence of the classical view of economics as presented by Adam Smith (1723–1790) in his work The Wealth of Nations. In Buddhism, desires or “cravings” for goods and services are like addictions. Buying more goods and services does little or nothing to reduce the cravings. The only way to enhance one’s happiness is to reduce the cravings themselves. This was the central insight of Gotama (later known as the Buddha) 2,500 years ago, and it remains the core of Buddhist doctrine today. How is it that these two philosophies can approach the same central question from such different perspectives? Can they learn from each other?

Paper Submission for the 17th World Congress of the International Economic Association (IEA)

Thursday, October 10, 2013
We invite you to submit a paper to the contributed sessions of this congress, jointly organized with The Columbia Global Centers | Middle East (Amman), and in partnership with the Institute for New Economic Thinking (the Institute) and The Centre for International Governance Innovation (CIGI), that will take place on the Dead Sea, Jordan, from Friday June 6 to Tuesday June 10, 2014.
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