NY Times: What Can Replace Free Markets? Groups Pledge $41 Million to Find Out.

The New York Times recently published an article announcing the William and Flora Hewlett Foundation and Omidyar Networks’ more than $41 million commitment to economic and policy research focused on alternatives. The initial recipients of grants to set up research programs are Harvard University’s Kennedy School, Howard University, SNF Agora Institute at Johns Hopkins University, the Massachusetts Institute of Technology and the Santa Fe Institute. Hewlett is contributing $35 million for grants to the four universities, and Omidyar Network is making a $6.5 million grant to the Santa Fe Institute.

“Reducing inequality has to be a goal of economic progress,” said Dani Rodrik, an economist at Harvard’s Kennedy School and a leader of its project on reimagining the economy.

Read the full article here.