George Soros will give $5 million annually for the next ten years to the Institute of New Economic Thinking, a new think tank.
Joseph Stiglitz and Jeffrey Sachs are among the luminaries affiliated with the org.
More from the Financial Times is here.
From the press release, it would appear that INET will be based in Budapest, with an initial event scheduled for next Spring in England.
At first glance, the closest INET comes to a direct Calif. connection is A. Michael Spence's time at Stanford. Spence is a fellow at the Hoover Institute.
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