Milken Institute

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The Milken Institute
The Milken Institute
Motto Changing the world in innovative ways
Formation 1991
Type Economic Think tank
Headquarters Santa Monica, California, United States
Region served
Global
Leader Michael Milken (Founder and Chairman)
Michael Klowden (President and CEO)
Website www.milkeninstitute.org

The Milken Institute is an independent economic think tank based in Santa Monica, California. It publishes research and hosts conferences that apply market-based principles and financial innovations to social issues in the US and internationally. The Institute is a 501(c)(3) nonprofit organization and is nonpartisan and non-ideological.

History[edit]

The institute was founded in 1991 by former Drexel Burnham Lambert banker Michael Milken.[1][2]

Mission[edit]

The mission of the Institute is "to improve the lives and economic conditions of diverse populations in the United States and around the world by helping business and public policy leaders identify and implement innovative ideas for creating broad-based prosperity."

It focuses on human capital (talent, knowledge and experience and their value to organizations, economies and society), financial capital (investments) and social capital (bonds of society that underlie economic development, including schools, health care, cultural institutions and government services). It employs about 50 people.

Research[edit]

The Institute has published studies relating to human capital, access to capital, financial structures and innovations, regional economics, healthcare economics and medical research. It hosts a series of conferences including two annual conferences, a variety of financial innovation labs and a series of forums and private events. The Milken Institute Global Conference, first held in 1998, is an annual forum focused on economic and social issues. Speakers include figures from business, finance, government, education and sports. The institute also hosts an annual State of the State Conference, which examines major issues facing the state of California.

The Institute operates a series of centers focused on particular economic and health related topics. The centers are: The Asia Center,[3] The California Center,[4] The Israel Center[5] and The Center for Financial Markets.[6]

Notable reports include:

  • An Unhealthy America: The Economic Burden of Chronic Disease.[7] This report was updated with Checkup Time: Chronic Disease and Wellness in America.[8]
  • Best-Performing Cities 2013.[9]
  • The Future of Higher Education and How America Will Pay For It.[10]

See also[edit]

References[edit]

External links[edit]