Past Research Projects

From Local to Scale: Analytical and practical challenges of scalability

Can local solutions be scaled up to the national, regional or even global level? How do firms manage the transition from small enterprise to large, publicly traded corporations? How is the process of globalization affecting the scale and scope of the nation state?

Wind farm with shadowLed by former CGT member Katharina Pistor, this research project addressed these the need for understanding complex processes of social change, which conventional social sciences are ill equipped to conceptualize. The methodology that today defines these disciplines assumes, mostly without problematizing it, that social phenomena can be adequately captured by simple relations between independent and dependent variables provided we can identify the right control variables. It is often conceded that causal inferences are difficult, but this proves the point: The whole exercise is about identifying causal relations and statistical tools have grown ever more sophisticated in accomplishing this task. And once a causal relation and the relevant mechanisms have been identified, scalability is assumed, not explained.

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Sustainable Investment: Sovereign wealth funds and long-term investment

Fostering a sustainable capitalism through the creation of investment strategies and institutions that promote financial stability, environmental sustainability, and equitable development in partnership with long-term investors and sovereign wealth funds.

Stock market with shadowThis signature research project, led by Patrick Bolton, Jan Svejnar, and CGT Member Joseph E. Stiglitz aimed to bridge information gaps between academic research and sovereign wealth fund managers about long-term investing in short-term oriented markets. Its objective was to foster sustainable capitalism through the creation of investment strategies and institutions that promote financial stability, environmental sustainability, and equitable development in partnership with long-term investors and sovereign wealth funds (SWFs).

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