Qian Dai of Wuhan University to be Awarded a Grant from the Institute for New Economic Thinking

An INET grant will fund Professor Dai’s project to uncover the economic forces that drove the evolution of political institutions in traditional China

New York, NY, December 04, 2010 --(PR.com)-- The Institute for New Economic Thinking (INET), launched with a $50 million pledge from George Soros to promote changes in economic theory and practice through research grants, Task Force groups, academic partnerships, and conferences, announced that it has selected Qian Dai of Wuhan University in People’s Republic of China to uncover the economic forces that drove the evolution of political institutions in traditional China. The grant program, along with other INET initiatives, was created in direct response to arguably the worst economic crisis in world history, and has been designed to encourage and support new economic thinking. Starting in 2011, INET will conduct two grant cycles annually.

It is common for the Western scholars to apply the ideologies and perspectives based on European experiences as a gauge when analyzing Chinese history. This project strives to assist the Western scholars better understand the Chinese perspective on relationship between political institutions, history, and the evolution of economic forces in traditional China.

“The Chinese economy is now the world’s second largest and is a key factor in all aspects of the global economy,” commented Dr. Robert Johnson, executive director of INET. “Better understanding its history and evolution from a Chinese perspective is an important contribution to our overall understanding economic history and its applicability to future challenges.”

Professor Dai is an economist, and he currently researches economic growth and economic history as a faculty member at Wuhan University, where he received his Ph. D in 2005. Most recently, he has focused on political history in traditional China from the perspective of economic evolution.

“I am interested in the economic forces driving the evolution of the political institutions in traditional China. This research can enrich our understanding of the complex interactions between institutions and economic forces, ” said Dr. Qian Dai, Associate Professor, Wuhan University. “INET’s grant not only gives me the necessary financial support, but also provides me with a channel to promote and spread awareness of my research to the western scholars.”

INET’s Inaugural Grant Program has been designed to harness the new economic thinking we recognize as crucial to effecting change. The program was launched this summer and received more than 500 applications from around the world and has selected 34 initiatives to be awarded grants totaling $7 million. INET's Grant Program will continue with two similar grant cycles annually, the next one commencing in the spring of 2011.

For further details regarding INET’s Grant Program or additional projects and people to be awarded grants please visit the Institute’s website.

About the Institute for New Economic Thinking:
Launched in October 2009 with a $50 million commitment from George Soros and driven by the global financial crisis, the Institute for New Economic Thinking (INET) is dedicated to empowering and supporting the next generation of economists and scholars in related fields through research grants, Task Force groups, academic partnerships, and conferences. INET embraces the professional responsibility to think beyond current paradigms. Ultimately, INET is committed to broadening and accelerating the development of innovative thinking that can lead to insights into and solutions for the great challenges of the 21st century and return economics to its core mission of guiding and protecting society. For more information please visit http://www.ineteconomics.org/

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