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Cornell Research Academy of Development, Law, and Economics (CRADLE)

supreme court

The world stands at a crossroads, with rising anxiety about our capacity to sustain economic and social development while containing political and other conflicts. Attending to these concerns requires a passionate desire to create a better world, and the ability to harness the best ideas and research available.

CRADLE is intended to connect faculty and students at Cornell with leading thinkers in academia, government, international development, civil society, and the private sector. Participants come from different disciplines and vocations, but all share an interest in tackling some of the biggest challenges of our time, from social and institutional development to finance and global economic policy. 

CRADLE's founding directors are Kaushik Basu (economics) and Robert Hockett (law and public policy). Basu served as chief economist of the World Bank from 2012 to 2016 and is currently president of the International Economic Association. Hockett is senior counsel at Westwood Capital, worked at the International Monetary Fund and the New York Federal Reserve, and advises legislators, regulators, and NGOs at the global, national, state, and local levels.

Advisory board

Cornell members

Christopher B. Barrett (applied economics and management), Robert H. Frank (economics), George A. Hay (law and economics), Ravi Kanbur (economics), Sital Kilantry (law), Muna Ndulo (law), Ted O'Donoghue (economics), Saule Omarova (law)

External members

Daniel Alpert (Westwood Capital), Stephanie Kelton (Stony Brook University), Zia Mody (AZB & Partners, Mumbai), Sri Mulyani Indrawati (Minister of Finance, Republic of Indonesia), Joseph Stiglitz (Columbia University)

Research Notes

Analyses by CRADLE members that call attention to urgent matters at the intersection of development, law, and economics both domestically and abroad. Current and future CRADLE Research Notes can be accessed here.

News and events

Joseph Stiglitz
Joseph Stiglitz

Law/economics initiative takes on big questions at kickoff conference (Cornell Chronicle)
"Contemporary Challenges in Law, Economics, and Conflict," a two-day conference at the Cornell Club in New York, addressed fundamental problems of equity, fairness, growth, and the ways societies are organized. Nobel Prize-winning economist Joseph Stiglitz delivered the keynote address.