Statement by Sheldon Kamieniecki, Dean of Social Sciences
The Division of Social Sciences is delighted to provide financial and intellectual support for the Bruce Initiative on Rethinking Capitalism. The recent financial crisis and Great Recession have forced economists and policymakers to reassess the models and theories that have defined the economic policies of both developed and developing nations. Though it originated in the U.S. housing market collapse, the financial crisis quickly spread throughout the international finance system. Individual nations and regions are responding with new financial regulations, but redesigning a global capital system that promotes stability and growth will require new research and the training of a new generation of economists and other social scientists who can influence policy decisions. The Bruce Initiative on Rethinking Capitalism aims to connect in a very unique way those who are technically adept at the new financial technologies with scholars of culture, institutions, ethics, and theology. The initiative supports original research in political economy and the social study of finance. The Bruce Initiative on Rethinking Capitalism is funded by the Steven and Mona Bruce family trust and is included under the general umbrella of Reconsidering Economic Systems in the Division of Social Sciences. The other related components include International Economics and Finance (the Department of Economics and the Santa Cruz Institute for International Economics) and the Sury Initiative for Global Finance and International Risk Management (SIGFIRM) funded by Sharath Sury.