Description
The Milken Institute is an independent economic think tank based in Santa Monica, California, with offices in Washington, DC, New York, Miami, London, Abu Dhabi, and Singapore.
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 presents itself as nonpartisan and non-ideological.
History
The institute was founded in 1991 by Michael Milken, a former Drexel Burnham Lambert banker who gained notoriety for significant financial success as a pioneer of "junk bonds" as well as his subsequent felony conviction and prison sentence for U.S. securities law violations.