Corsi di Studio del Dipartimento di Culture, Politica e Società

TO GRASP THE TOOLS THAT ENABLE TO UNDERSTAND INNOVATION AS AN ENDOGENOUS ECONOMIC PROCESS.

UNDERSTANDING THE DYNAMICS OF ENDOGENOUS TECHNOLOGICAL CHANGE AND THE ROLE OF AGENTS, MARKETS AND INSTITUTIONS.

1. Introduction on terminology.
2. The endogeneity of innovation. Layers: the endogeneity of science, the endogeneity of technology; the endogeneity of innovation. Levels: weak endogeneity vs. strong endogeneity.
3. The discovery of the residual. Total factor productivity.
4. Tobin’s q: definition and debates
5. Adam Smith, Nicholas Kaldor, Jacob Schmookler and the demand pull approach
6. Karl Marx, John Hicks and Daron Acemoglu: three steps of the induced technological change approach
7. Schumpeter 1911 (1934): From Walras to entrepreneurship.
8. Schumpeter 1928: The Marshallian legacy
9. Schumpeter 1942: The corporation, oligopolistic rivalry and the product life cycle. From Cournot to Scherer.
10. The dynamics of learning and its implications: Localized technological change
11. The Arrovian economics of knowledge: the implications of the limited appropriability. The market failure hypothesis.
12. The economics of intellectual property rights.
13. The economics of university.
14. R&D subsidies and the additionality problem.
15. Early evolutionary economics: Routines and the Fisher-Price Law
16. Spillover economics. New growth theory.
17. The limited transferability of knowledge: absorption costs and the governance of technological knowledge: technical versus pecuniary externalities.
18. The size and composition of external knowledge: Jacobs increasing returns
19. The technology production function and the knowledge generation function: the CDM approach
20. The limited exhaustibility of knowledge and the recombination hypothesis
21. Schumpeter 1947: The creative response
22. Bounded rationality and Lamarckian evolutionary economics
23. History matters: trajectories, past dependence and path dependence
24. The complexity approach: innovation as an emergent system property
25. From the economics of knowledge to the knowledge economy
26. Technological change and international trade
27. Technological change and inequality: A two-way relationship?
28. Technological congruence
29. Technological platforms

LECTURES ARE INTEGRATED AND SUPPORTED BY CUM REPORTS BY THE STUDENTS AT THE END OF GROUP WORK AND ON-LINE MATERIAL PROVIDED TO THE STUDENTS.

ESSAY (OF ROUGHLY 50.000 CHARACTERS) ON AN ISSUE AGREED WITH THE TEACHER WHO WILLL ASSIGN A BASIC LITERATURE. THE ESSAY WILL BE ASSESSED WITH RESPECT TO THE CRITICAL ATTITUDE ABOUT THE LITERATURE CONSIDERED.

Antonelli, C. (2019), “The Knowledge Growth Regime: A Schumpeterian Approach” Palgrave MacMillan, London (ISBN: 978-3-030-05507-3)

TO PASS THE EXAM THE CANDIDATE WILL WRITE A 10.000 WORDS ESSAY ON A TOPIC AGREED WITH THE PROFESSOR AND SUBMITTED 3 DAYS BEFORE THE SELECTED DATE BY MAIL.