Sanjay Reddy, associate professor of economics at The New School for Social Research, has been awarded a grant from the Institute for Economic Thinking (INET). The grant is among the first given by INET and supports Reddy’s work to establish a greater role for ethical thinking in economics.
Current economic scholarship tends to favor a conception of economics as divorced from ethical analysis. Reddy argues that the discipline must affirm the importance of values in order to undertake better economic reasoning and make economics more relevant to society. Reddy’s work draws from the deepest roots of The New School’s legacy of bridging academic concerns and real-world issues.
I hope to contribute to the understanding of the appropriate relation between economics and the ends of human beings and of how the practice of economists should change in light of it,, Reddy said in a statement issued by INET. The grant from INET will give me time which I would not otherwise have, and a spur, to focus on this topic.,
INET was launched with a grant from George Soros in the wake of the financial crisis. The organization aims to foster new and creative thinking in economics.