A traditional economics textbook view of society is that profit-maximizing firms generally lead to efficient outcomes, leaving governments and philanthropic organizations to deal with externalities and social welfare provision. While society has never been organized so simply, this model seems particularly stale in today’s world of increasing overlaps between the for-profit, governmental, and nonprofit spheres.
Understanding the changing role of institutions in helping solve social problems presents a compelling research opportunity. Building on the University of Chicago Booth School of Business’s mission to create knowledge with enduring impact and to influence and educate current and future leaders, the Rustandy Center for Social Sector Innovation at Chicago Booth strives to expand this field of research and disseminate findings.
Numerous Booth faculty members and PhD students are already working in areas where social issues play a critical role. The Rustandy Center seeks to amplify such research and foster inquiry both within the school and beyond.
The Rustandy Center supports ongoing research and encourages new academic projects with the following resources and programs: