The International Joseph A. Schumpeter Society (ISS)

18TH ISS CONFERENCE

SCHUMPETERIAN PERSPECTIVES ON RADICAL CHANGE: ROBOTICS, ARTIFICIAL INTELLIGENCE AND BROAD SOCIETAL TRANSFORMATIONS

8-10 JULY 2021
ROMA, ITALY

Local Host Luiss Guido Carli University, Rome, Italy

Luiss – Libera Università Internazionale degli Studi Sociali Guido Carli – is an independent university. It was created out of a pre-existing Roman institution, Pro Deo, between 1974 and 1978. Luiss offers an innovative educational approach at its four Departments: Economics and Finance, Business and Management, Law, and Political Science. Furthermore, Luiss has four Schools for graduate and professional studies: the Luiss Business School, the School of Government, the School of Law, and the School of European Political Economy.

Table of Contents

1. Local Organizing Committee
2. ISS (International Schumpeter Society) Executive Committee
3. Program overview
   1. Thursday 8 July 2021
   2. Friday 9 July 2021
   3. Saturday 10 July 2021
4. Schumpeter Prize Competition 2021

Local Organizing Committee

Chair
Massimo Egidi
Conference Chief Secretary
Lorenzo Valeri
Committee Members
Valentina Meliciani
Luigi Marengo
Daniela Di Cagno
Lorenzo Ferrari

ISS (International Schumpeter Society) Executive Committee

President (2018-2021)
Massimo Egidi (Italy)

President-elect:
Yao Ouyang (CHN)

Vice-Presidents:
Mariana Mazzucato (UK)
Jason Potts (Australia)

Board of Management (2018-2020/21):
Stefano Bianchini (Fra)
Guido Bünstorf (Ger)
Andreas Chai (Aus)
Jin Chen (Chn)
Maria Da Graça Derengowski Fonseca (Bra)
Erkan Erdil (Tur)
Alenka Guzmán (Mex)
Erika Kraemer-mbula (Zaf)
Albert N. Link (Usa)
Elicia Maine (Can)
Luigi Marengo (Ita)
Elena Mas Tur (Ndl)
Manfred Prisching (Aut)
Bastian Rake (Irl)
Rögnvaldur Sæmundsson (Isl)
Hiroshi Shimizu (Jap)
Lakhwinder Singh (Ind)

Editor (JEE: Journal of Evolutionary Economics)
Bernd Ebersberger (Ger)

Auditing Committee:
Thomas Grebel (Ger)
Andreas Reisnstaller (Aut)

Secretary General/Treasurer:
Horst Hanusch (Ger)

Administrative secretary:
Mrs. Olga Gaessner
Friedrich-Schiller-University Jena
Faculty of Economics and Business Administration Carl-Zeiss-Str. 3, 07743 Jena / Germany
Phone: +49 3641 943200
Fax: +49 3641 943202
e-mail: olga.gaessner@uni-jena.de

Invited Plenary Speakers

Roberto Cingolani
Roberto Cingolani graduated in Physics and obtained his “Diploma di Perfezionamento” (PhD) in Physics at Scuola Normale Superiore in Pisa. He was a staff member at the Max Planck Institute in Stuttgart and worked as a Visiting Professor at Tokyo University (Japan) and Virginia Commonwealth University (Richmond, USA). In 2000, he was appointed Full Professor of General Physics at the Engineering Faculty of University of Lecce (Italy). In 2001, he founded the National Nanotechnology Laboratory (NNL) of the National Institute of Nuclear Physics (INFN) in Lecce, which has become one of the largest international nanotechnology laboratories. Since its foundation in 2005 through to 2019, he was Scientific Director of Fondazione Istituto Italiano di Tecnologia – IIT (Italian Institute of Technology Foundation), an internationally acknowledged research center. He launched the interdisciplinary program “Humanoid Technologies” based on the idea that the technological imitation of nature and its processes may provide solutions to improve the quality of human life. Between September 2019 and February 2021, he was the Chief Technology & Innovation Officer of Leonardo, the Italian multinational company specialized in Aerospace, Defense and Security. He swore in as Minister for the Ecological Transition of Italy on February 13, 2021.

Richard Nelson
Richard Nelson earned his Ph. D in Economics from Yale University in 1956. He has been member of faculty at Oberlin College, Yale University, and Columbia University. He served as staff member of the President’s Council of Economic Advisors during the Kennedy administration, and at the RAND Corporation. His research mostly analyzes the processes involved in long run economic development, both in countries at the frontier and those trying to catch up. Particular focus has been on technological advance, its sources, and how it drives economic progress. His research interests have led to the development of an evolutionary theory of economic progress, supported by Sidney Winter. In recent years, his research in this field has explored the co-evolution of technologies, industrial structures, and institutions more broadly, and the main argument he presents is modern economies should be understood as very “mixed” in structure and workings, involving much more than market mechanisms. His research has been recognized by several research prizes, and honorary degrees.

Mariana Mazzucato
Mariana Mazzucato (PhD) is Professor of the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). She is a multiple winner of international prizes including the 2020 John von Neumann Award, the 2019 All European Academies Madame de Staël Prize for Cultural Values, and 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. She was named as one of the ‘3 most important thinkers about innovation’ by The New Republic, one of the 50 most creative people in business in 2020 by Fast Company, and one of the 25 leaders shaping the future of capitalism by WIRED. She is the author of three highly-acclaimed books: The Entrepreneurial State: Debunking Public vs. Private Sector Myths (2013), The Value of Everything: Making and Taking in the Global Economy (2018) and the newly released, Mission Economy: A Moonshot Guide to Changing Capitalism (2021). She advises policymakers around the world on innovation-led inclusive and sustainable growth. Her current roles include being Chair of the World Health Organization’s Economic Council on Health for All and a member of the South African President’s Economic Advisory Council, the Scottish Government’s Council of Economic Advisors, and the United Nations High-level Advisory Board (HLAB) on Economic and Social Affairs, among others.

Timothy F. Bresnahan
Timothy F. Bresnahan is Professor of Economics and, by courtesy, of Business, at Stanford University. He also serves as Co-Director of the Stanford Computer Industry Project and Co-Director of the Technology and Economic Growth Program in CEPR. A 1975 graduate of Haverford College, he received the Ph.D. in Economics from Princeton in 1980. Bresnahan’s research interests lie in Industrial Organization area. He has been concerned with econometric measurement of market power and testing of models of imperfect competition. Publications in this area include a chapter in the Handbook of Industrial Organization. In the economics of technology area, he studies the economic process by which raw technology generates value in use. Publications in this area include “General Purpose Technologies,” “Large Firm’s Demand for Computers,” and “The Competitive Crash in Large-Scale Commercial Computing.” In both research areas, most of his work is detailed industry studies. His teaching interests include econometrics, industrial organization, and microeconomics. His current research includes entry and appropriability in technology industries; competition between old and new-paradigm computing; economic organization for high social return to technical progress.

Jean Paul Fitoussi
Jean-Paul Fitoussi is a Professor of Economics at the Institut d’Etudes Politiques de Paris where he has been teaching since 1982. Currently, he is President of the Scientific Council of the Institut d’Etudes Politiques de Paris and President of the Observatoire Français des Conjonctures Econoniques, an institute dedicated to economic research and forecasting. Since 1998, he has been a member of the board of the Ecole Normale Supérieure. In 1997, he became a member of the Council of Economic Analysis of the Prime Minister and in 1996, he was appointed member of the Economic Commission of the Nation. Since 2000, he has been an expert at the European Parliament, Commission of Monetary and Economic Affairs. Between1990 and1993, Dr. Fitoussi was the Chair of the Economic Advisory Board of the European Bank for Reconstruction and Development. His research has focused on the theories of inflation, unemployment, foreign trade and the role of macro- economic policies. As President of the OFCE, and founder and member of an International Economic Policy Group within this institution (composed by Anthony Atkinson, Olivier Blanchard, John Flemmig, Edmond Malinvaud, Edmund Phelps and Robert Solow), he has made numerous written contributions to the current economic policy debate, notably on issues of European economic integration, and the economics of transition.

Philippe Aghion
Philippe Aghion is a Professor at the College de France and at the London School of Economics, and a fellow of the Econometric Society and of the American Academy of Arts and Sciences. His research focuses on the economics of growth. With Peter Howitt, he pioneered the so-called Schumpeterian Growth paradigm which was subsequently used to analyze the design of growth policies and the role of the state in the growth process. Much of this work is summarized in their joint book Endogenous Growth Theory (MIT Press, 1998) and The Economics of Growth (MIT Press, 2009), in his book with Rachel Griffith on Competition and Growth (MIT Press, 2006), and in his survey “What Do We Learn from Schumpeterian Growth Theory” (joint with U. Akcigit and P. Howitt.) In 2001, Philippe Aghion received the Yrjo Jahnsson Award as best European economist under age 45, in 2009 he received the John Von Neumann Award, and in March 2020 he shared the BBVA “Frontier of Knowledge Award” with Peter Howitt for “developing an economic growth theory based on the innovation that emerges from the process of creative destruction.”

Peter Jungen
Peter Jungen is Business Angel Investor in Start-ups in Europe, the US, China and Israel. He was President of the European Business Angel Network which he co-founded with the EU-Commission (1999) and of Business Angel Netzwerk Deutschland, which he co-founded with the German Government. He is honorary Chair of the “Center of Capitalism and Society” of Columbia University and Board Member of the “Center of Global Economic Governance of Columbia University”, New York.

Institutional Speakers

Secretary General
Horst Hanusch is a Professor Emeritus at the Institute of Economics of the University of Augsburg (Germany). He is also Secretary General of the “International Joseph A. Schumpeter Society”, Founding Editor of the Journal of Evolutionary Economics and Honorary President of the International Institute of Public Finance. His main research focuses on the interplay between the real, the financial and the public sector in the process of a Schumpeterian economic development based on innovations and how such a social economic system has to be accommodated in order to capture global threats to society such as climate change and epidemics.

President
Massimo Egidi is Professor Emeritus at Luiss University in Rome, where he teaches Behavioral Economics and Psychology and served as former Rector. His main research interests are related to the study of bounded rational behavior in organizations and institutions, as well as in organizational learning. Reading Schumpeter’s “creative response” through the lenses of the cognitive sciences and his “Theory of Democracy” in the light of the contemporary political manipulation are his more recent research interests.

Past President
Keun Lee is a Professor of Economics at Seoul National University and is the Founding Director of the Center for Economic Catch-up., Editor of Research Policy, Associate Editor of Industrial and Corporate Change, Council Member of the World Economic Forum, and life-time Fellow of the Korea Academy of Science and Technology. He served as President of the International Schumpeter Society (2016-18) and was a member of the Committee for Development Policy of UN (2014-18).

President – Elected
Ouyang Yao graduated at Hunan Normal College, Renmin University of China and Hunan University,with an MA in Philosophy, completed a Doctorate in Economics, is a postdoctoral researcher of Chinese Academy of Fiscal Sciences (under Ministry of Finance of PRC), and a research scholar of Stanford Institute for Economic Policy Research sponsored by China Scholarship Council. Since October 2014, he works as Vice President of Hunan Normal University and is currently in charge of the Office of Science and Technology, Office of Social Science, Office of Fixed Assets Management, School of History and Culture and College of Resources and Environmental Science.

Thursday 8 July 2021

Friday 9 July 2021

Saturday 10 July 2021

Schumpeter Prize Competition 2021

The International Joseph A. Schumpeter Society (ISS) will announce the winner(s) of the 2021 Schumpeter Prize Competition. The Prize is awarded every two years in recognition of a recent scholarly contribution related to Schumpeter´s work. It carries a cash award of 10,000 EUR. The selection committee is chaired by the President-elect of the ISS, Professor Yao Ouyang.

Former Schumpeter Prize Winners

Parallel Session A 8 July 2021
Parallel Session B 8 July 2021
Parallel Session B 8 July 2021
Parallel Session C 9 July 2021
Parallel Session C 9 July 2021
Parallel Session D 10 July 2021
Parallel Session E 10 July 2021
Parallel Session E 10 July 2021