CRADLE | Einaudi Center

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<ul class="menu"> <li class="menu-item menu-item--expanded"> <a href="/initiatives/copos" data-drupal-link-system-path="node/2959">CO+POS</a> <ul class="menu"> <li class="menu-item"> <a href="/initiatives/copos/people" data-drupal-link-system-path="node/3111">People</a> </li> <li class="menu-item"> <a href="/initiatives/copos/news" data-drupal-link-system-path="node/3112">News</a> </li> </ul> </li> </ul> </li> </ul> </li> </ul> </nav> </div> <article id="main-article" class="primary"> <div id="block-breadcrumbs" class="block block-system block-system-breadcrumb-block"> <nav class="breadcrumb" aria-labelledby="system-breadcrumb"> <h2 id="system-breadcrumb" class="visually-hidden">Breadcrumb</h2> <ul class="list-menu"> <li> <a href="/"><span class="limiter">Home</span></a> </li> <li> <a href="/research"><span class="limiter">Research</span></a> </li> </ul> </nav> </div> <section> <div data-drupal-messages-fallback class="hidden"></div> <h1>CRADLE</h1> <p class="intro">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.</p><p>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.</p><hr><h2><a href="/research/cradle/papers" data-entity-type="node" data-entity-uuid="b67a22d5-838f-433c-afe4-771de9f0e1c4" data-entity-substitution="canonical" title="CRADLE Law and Economics Papers">Law and Economics Papers</a></h2><p>With rapidly advancing technology and mounting challenges from climate change to new forms of globalization, the dynamics of the economy are transforming. This open-access paper series aims to help navigate this new world by promoting original thinking in law and economics and drawing on insights from social sciences.</p><p>Submitted papers undergo a brief review process and post upon acceptance. Authors retain the right to publish the paper in a journal or book. To foster diversity and inclusion within our intellectual community, we are particularly interested in receiving submissions from developing nations, including Africa, Asia, and Latin America.</p><p><a class="link-button" href="/research/cradle/papers" data-entity-type="node" data-entity-uuid="b67a22d5-838f-433c-afe4-771de9f0e1c4" data-entity-substitution="canonical" title="CRADLE Law and Economics Papers">Read Recent Papers</a> <a class="link-button" href="https://cornell.ca1.qualtrics.com/jfe/form/SV_6fFUPh1425kZj3E">Submit a Paper</a></p><hr><h2>Latest Activities</h2><div class="dialog fill panel"><h3>CRADLE Conference 2024: The World at a Turning Point</h3><a href="https://events.cornell.edu/event/World-at-a-Turning-Point-2024"><div data-entity-type="media" data-entity-uuid="97ab1001-ceac-4e6e-a5ce-89200273c0d9" data-embed-button="images" data-entity-embed-display="entity_reference:media_thumbnail" data-entity-embed-display-settings="{"image_style":"feature_card","image_link":"","image_loading":{"attribute":"lazy"}}" class="align-center embedded-entity" data-langcode="en"> <img loading="lazy" src="/sites/default/files/styles/feature_card/public/2024-05/lycs-architecture-UPEE0EbfrPM-unsplash.jpg?h=260a8fbf&itok=whcuOH6d" width="900" height="432" alt="Person walking in a hallway with a map on the wall"> </div> </a><p>CRADLE Conference 2024 took stock of the <span>global economy, with a special focus on the changing nature of labor markets, technological progress, inequality, climate change, and related laws and regulations. This three-day event on the Cornell campus featured distinguished faculty and prominent thinkers from around the world. </span></p><h4>Interviews with Conference Speakers</h4><ul><li><a href="/discover/news/world-turning-point-interview" title="World at a Turning Point Interview" data-entity-type="node" data-entity-uuid="c3b05f33-d05a-46cb-b4e5-f7c45e2c7dee" data-entity-substitution="canonical"><span>Pedro Conceição</span></a><span>, director of the United Nations Development Programme's Human Development Report Office</span></li><li><a href="https://as.cornell.edu/news/world-turning-point-interview-0"><span>Luis Felipe López-Calva, PhD ’99</span></a><span>, global director of Poverty and Equity Global Practice at the World Bank Group</span></li></ul></div><hr><a href="https://royalsocietypublishing.org/doi/10.1098/rsos.240358"><div data-langcode="en" data-entity-type="media" data-entity-uuid="7a321795-0632-4a4e-b3f4-7886c11d5df2" data-embed-button="images" data-entity-embed-display="entity_reference:media_thumbnail" data-entity-embed-display-settings="{"image_style":"gallery_thumbnail","image_link":"","image_loading":{"attribute":"lazy"}}" class="align-left embedded-entity"> <img loading="lazy" src="/sites/default/files/styles/gallery_thumbnail/public/2024-08/bret-kavanaugh-_af0_qAh4K4-unsplash.jpg?itok=Ena5bBL4" width="240" height="240" alt="Neon display of brain activity. Museum of Weed, Los Angeles, CA"> </div> </a><h3><a href="https://royalsocietypublishing.org/doi/10.1098/rsos.240358">A Knowledge Curse: How Knowledge Can Reduce Human Welfare</a></h3><p>Cowritten by Kaushik Basu, this August 2024 article <span>in Royal Society Open Science</span> argues that <span>an increase in knowledge be a bad thing—when people use it to act in their own self-interest rather than in the best interests of the larger group: "For a group of rational individuals greater knowledge can backfire, leading to a worse outcome for all."</span></p><hr><div data-langcode="en" data-entity-type="media" data-entity-uuid="f0a277e7-2d8d-4fac-aaef-da21491fca93" data-embed-button="images" data-entity-embed-display="entity_reference:media_thumbnail" data-entity-embed-display-settings="{"image_style":"medium","image_link":"","image_loading":{"attribute":"lazy"}}" class="align-left embedded-entity"> <img loading="lazy" src="/sites/default/files/styles/medium/public/2021-08/BasuHockettedvol.jpg?itok=FqAsJ81q" width="147" height="220" alt="Law, Economics, and Conflict book jacket"> </div> <h3><a href="/research/publications/law-economics-and-conflict" title="Law, Economics, and Conflict" data-entity-type="node" data-entity-uuid="b159b8eb-6afe-4388-b73b-4f4d2ca2506f" data-entity-substitution="canonical"><em>Law, Economics, and Conflict</em></a></h3><p>Edited by CRADLE directors Kaushik Basu and Robert Hockett, <em>Law, Economics, and Conflict</em> grew out of the <a href="https://news.cornell.edu/stories/2018/03/law-and-economics-initiative-launch-nyc-event" title="2018 CRADLE Conference">2018 conference in New York City</a> that kicked off the CRADLE initiative. The Einaudi Center’s <a href="https://www.cornellpress.cornell.edu/imprints/cornell-global-perspectives/" title="Cornell Global Perspectives">Cornell Global Perspectives</a> imprint at Cornell University Press published the volume in August 2021.</p><p><a class="link-button" href="https://www.cornellpress.cornell.edu/book/9781501754838/law-economics-and-conflict/#bookTabs=1" title="Buy Law, Economics, and Conflict">Purchase</a></p><hr><h2>Organization</h2><h3>Directors</h3><div class="padded two-col"><div><h4><a href="/discover/people/kaushik-basu" title="Kaushik Basu" data-entity-type="node" data-entity-uuid="01a43c46-ddc8-4abc-888e-a868d9d3df49" data-entity-substitution="canonical">Kaushik Basu</a></h4><a href="https://economics.cornell.edu/kaushik-basu"><div data-entity-type="media" data-entity-uuid="54d7e78f-39c4-421d-ac1b-d34ac4bd9acf" data-embed-button="images" data-entity-embed-display="view_mode:media.listing_page_thumbnail" data-entity-embed-display-settings="[]" class="align-center embedded-entity" data-langcode="en"> <img loading="lazy" src="/sites/default/files/styles/thumbnail_square/public/2020-05/KaushikBasu.jpg?h=e13619e3&itok=kLMHBSHl" width="480" height="480" alt="Kaushik Basu headshot"> </div> </a><p>Basu served as chief economist of the World Bank from 2012 to 2016, and was president of the <a href="http://www.iea-world.org/" title="International Economic Association">International Economic Association</a> from 2017 to 2021.</p></div><div><h4><a href="/discover/people/robert-c-hockett" data-entity-type="node" data-entity-uuid="1c85f070-bc0a-4c7d-95d7-48477a8b3be0" data-entity-substitution="canonical" title="Robert C. Hockett">Robert Hockett</a></h4><a href="https://www.lawschool.cornell.edu/faculty/bio_robert_hockett.cfm"><div data-entity-type="media" data-entity-uuid="e6c79063-76b4-4719-bce7-5fc95fba26b7" data-embed-button="images" data-entity-embed-display="view_mode:media.listing_page_thumbnail" data-entity-embed-display-settings="[]" data-langcode="en" class="embedded-entity"> <img loading="lazy" src="/sites/default/files/styles/thumbnail_square/public/2020-09/hockett.jpg?h=b8eed071&itok=ltZA7mgz" width="480" height="480" alt="Robert C. Hockett headshot"> </div> </a><p>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.</p></div></div><hr><h3>Steering Committee</h3><h4>Cornell Members </h4><p><a href="/discover/people/daniel-alpert" title="Daniel Alpert" data-entity-type="node" data-entity-uuid="e3ab29e1-b880-42d4-bd59-735ec6a251b9" data-entity-substitution="canonical">Daniel Alpert</a> (Cornell Law), <a href="http://barrett.dyson.cornell.edu/" title="Christopher Barrett">Christopher Barrett</a> (IAD), <a href="https://www.johnson.cornell.edu/faculty-research/faculty/rhf3/" title="Robert Frank">Robert Frank</a>, <a href="https://www.lawschool.cornell.edu/faculty/bio_george_hay.cfm" title="George Hay">George Hay</a>, <a href="https://www.kanbur.dyson.cornell.edu/" title="Ravi Kanbur">Ravi Kanbur</a>, <a href="https://www.lawschool.cornell.edu/faculty/bio_muna_ndulo.cfm" title="Muna Ndulo">Muna Ndulo</a> (IAD), <a href="https://economics.cornell.edu/ted-odonoghue" title="Ted O'Donoghue">Ted O’Donoghue</a>, <a href="https://www.lawschool.cornell.edu/faculty/bio_saule_omarova.cfm" title="Saule Omarova">Saule Omarova</a> </p><h4>External Members </h4><p>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)</p> </section> </article> </div> </main> </div> <div class="band decoration"></div> <footer aria-label="Site Footer"> <div class="main-footer"> <div class="container-fluid sidebar-left"> <div class="row"> <div class="primary"> <div id="block-einaudifooteradditionalresources" class="block block-block-content block-block-content32193b5e-ac2e-4289-bf68-50fd8d0256c0"> <div><div class="two-col padded footer-links"> <div> <h3 class="h6"> What is Global Cornell? </h3> <p> <a href="https://global.cornell.edu/">Global Cornell</a> connects Cornell with the world. 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