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The world stands at a crossroads, with rising anxiety about our capacity to sustain economic and social development while containing political conflicts. Cornell Research Academy of Development, Law, and Economics (CRADLE) takes on fundamental questions about law, economics, politics, morality, and human welfare, particularly as they relate to the developing world. 

CRADLE connects faculty and students at Cornell with leading thinkers in academia, government, international development, civil society, and the private sector. Participants come from diverse disciplines and vocations, but all share an interest in social and institutional development, finance, and global economic policy.

New from CRADLE

Inflation in the 21st Century: Taking Down the Inflationary Straw Man of the 1970s

Whitepaper: "Inflation in the 21st Century: Taking Down the Inflationary Straw Man of the 1970s"

Written by Daniel Alpert (CRADLE advisory board member; senior fellow in macroeconomics and finance at Cornell Law School; and founder and managing partner of Westwood Capital LLC), "Inflation in the 21st Century" is an overview of the history of, and future prospects for, undesirable levels of price inflation in the U.S. economy. 

Law, Economics, and Conflict book jacket

Law, Economics, and Conflict

Edited by CRADLE directors Kaushik Basu and Robert Hockett, Law, Economics, and Conflict grew out of the 2018 conference in New York City that kicked off the CRADLE initiative. The Einaudi Center’s Cornell Global Perspectives imprint at Cornell University Press published the volume in August 2021.


World Economics Roundtables


Kaushik Basu

Kaushik Basu headshot

Basu served as chief economist of the World Bank from 2012 to 2016, and was president of the International Economic Association from 2017 to 2021.

Robert Hockett

Robert C. Hockett headshot

Hockett is the Edward Cornell Professor of Law, Cornell Law School; Regular Visiting Professor of Finance, Georgetown McDonough School of Business, and Senior Counsel, Westwood Capital.

Steering Committee

Cornell Members 

Daniel Alpert (Cornell Law), Christopher Barrett (IAD), Robert Frank, George Hay, Ravi Kanbur, Sital Kalantry (SAP), Muna Ndulo (IAD), Ted O’Donoghue, Saule Omarova 

External Members 

Stephanie Kelton (State University of New York–Stony Brook), Zia Mody (AZB & Partners, Mumbai), Sri Mulyani Indrawati (Minister of Finance, Indonesia), Joseph Stiglitz (Columbia University)