New Economic School

From Wikipedia, the free encyclopedia

                                 Современная экономическая наука и образование в России
                                 Excellence in economics in Russia

The New Economic School (NES) is the leading Russian graduate program in Economics and finance

The mission of the New Economic School is to benefit Russia's public and private sectors through excellence in economics education and research.

NES was founded in 1992 by the group of Russian and Western economists. The vision of the founding fathers of NES was to create indiginous and yet internationally competitive economics profession in Russia. The birth and current operation of the school has been supported by a number of highly accredited academic economists such as Don Patinkin, Zvi Griliches, Stanley Fischer, Olivier Blanchard, Bronwyn Hall, Jan Magnus and others.

NES's highly selective incoming classes are about 100 students with degrees in mathematics, physics, economics, computer science, engineering. NES graduates about 60-70 MA students a year. About a dozen NES graduates are placed annually to the top Ph.D. programs in US, UK, Europe, Australia.

A resident faculty of 13 young Russian economists with PhD in economics and finance from the leading universities, such as Harvard, MIT, Michigan, Wisconsin-Madison, Tilburg, Toulouse etc. These faculty members truly represent Russian economics in the global economics profession via participating in the international conferences and publishing in the leading international economics journals.

NES is the only school in Russia which hires faculty only on the international market. NES offers educational loans, and is the only institution in Russia that has the system of tenure and tenure-track faculty positions. It has the highest concentration of the Western Ph.D.s publishing in high profile journals including American Economic Review, Econometrica and Quarterly Journal of Economics.

NES is integrated with Centre for Economic and Financial Research (CEFIR), a think tank devoted to research in economic policy and economics of transition.

[edit] NES History at a Glance

NES history is best understood as a succession of achievements standing on the shoulders of each other.

The founders of the School have managed to inspire a critical mass of truly outstanding Western economists to come and teach in the School for many years until the permanent faculty was built. About 120 excellent economists came for 2 months each, including the late Michael Bruno, Don Patinkin and Zvi Griliches.

NES was very successful in recruiting the best student cohort in Russia and placed them in the best Western PhD programs. Every year, NES places at least 10-25 students in top ten PhD programs. All students have received full fellowships from the host universities.

Starting in 1999, NES has been hiring in the international job market and succeeded in bringing back two Western PhD every year to build a faculty of tenure-track assistant professors with PhD degrees from the very top US and European departments including Harvard, MIT, Wisconsin-Madison, Michigan, Tilburg, Toulouse, Brussels. With its 13 PhDs in economics NES has brought back more academic economists than all other institutions in the former Soviet Union combined.

NES was able to create an academic environment conducive to top quality research in economics by its faculty. The NES faculty are now publishing in the very top journals including American Economic Review, Econometrica, Quarterly Journal of Economics, Journal of Business, Journal of European Economic Association, Journal of Economic Perspectives and others.

As young returning economists mature and acquire global reputation, NES is going to launch its own PhD program and start producing full-fledged academic economists in Moscow. The School’s International Advisory Board awarded the first tenure at NES in 2004, another one in 2005 and is to vote on another tenure case in 2006.

NES is also active in policy research, mainly through its think tank, Center for Economic and Financial Research. This research center employs 6 NES faculty and 25 economists with master’s degrees from NES and foreign universities and has become a leading policy research center on deregulation, fiscal federalism, regional policy, WTO accession, corporate governance, labor market, and other fields. In some areas, center’s innovative work spurred follow-up by research institutes in other non-OECD countries.

NES has created an extensive network of partnerships both in Russia and abroad through its outreach activities. In the past 6 years, almost 80 outreach workshops and summer schools were conducted for about 750 academics from 160 regional universities and institutes from Russia and the CIS.

NES has created an effective governance structure which provides the framework for sustainable development of the School.