By Misha Cornelius
Major Philanthropies Launch Effort to Establish Multidisciplinary Centers at Leading Academic Institutions Focused on Reimagining Capitalism, Economy, and Society to Address 21st Century Challenges
Today, the William and Flora Hewlett Foundation, along with Omidyar Network, announced more than $40 million in grants to support the establishment of multidisciplinary academic centers dedicated to reimagining the relationships among markets, governments, and people. At a time when conventional economic prescriptions are failing and democratic governance is threatened around the world, scholars at leading academic institutions will investigate how economies should work in the 21st century and the aims they should serve.
The Hewlett Foundation will fund the creation and growth of policy and research centers at Harvard Kennedy School, Howard University, Massachusetts Institute of Technology (MIT), and Johns Hopkins University, and Omidyar Network is providing funds to develop an academic center at the Santa Fe Institute.