The James M. and Cathleen D. Stone Centre on Wealth Concentration, Inequality, and the Economy was founded at the Department of Economics, University College London in September 2021, thanks to a generous donation from the James M. and Cathleen D. Stone Foundation.
The mission of the Stone Centre at UCL is to advance research and teaching to provide a clear understanding of the causes of wealth inequality, and its economic and political consequences.
The Centre makes education and research equal partners in the venture. It pairs up the CORE project, which is changing economics education globally to a focus on the most important problems faced by our societies, with the research powerhouse of the UCL Economics Department. It will provide a global hub for research and learning that will make wealth concentration and its impacts on innovation and sustainability central to an economics education.
The Stone Centre will accomplish its mission by:
- complementing CORE’s educational mission, supporting the production of teaching and learning materials, and promoting a paradigm change in economics education
- recruiting and supporting a new cohort of young researchers interested in understanding the causes and consequences of wealth concentration and inequality, and in devising mitigating policies
- promoting new research on material wealth concentration and inequality, leveraging the excellence in economics research of the UCL Department of Economics, and of the expertise of the Stone Centre’s Affiliates
- funding, via competitive calls, research projects on themes of relevance to the Stone Centre’s mission
The co-directors of the Centre are Wendy Carlin, Professor of Economics and Founding Director of the CORE project and Imran Rasul, Professor of Economics and Co-director of the ESRC Centre for the Microeconomic Analysis of Public Policy at IFS.