Beyond Technological Innovation and Diffusion
The Drivers of Economic Change and Economic Coordination:
from Knowledge and Technology to Organizational Learning and Industrial Dynamics
December 12-14, 2016
Haas School of Business
University of California, Berkeley
Remarks on Nathan Rosenberg by David Teece and other attendees
(video 44 minutes)
The editors of Industrial and Corporate Change (ICC) organized a major Conference that took stock on the advances reached since the Conference on Innovation and Diffusion in Venice, 1986, and moved the frontier forward by tackling several new major themes and at the same time scouting the challenges ahead.
Major topics for the conference include:
Technology, industry evolution and the anatomy of knowledge generation mechanisms: The role of technology and knowledge in industry dynamics and economic development. From scientific search to technological paradigm, to role of knowledge, to national, sectoral and regional systems of innovation.
Firms and organizations: Beyond ”market failure” interpretations of firms’ origin and functioning. Toward a constructive theory of organizations grounded upon the permanent tension between collective capabilities, incentive and power.
The structure and evolution of industries: Ubiquitous heterogeneity in innovative capabilities and performances; uneven patterns of learning and market selection; differentiated effects of finance upon corporate and industry dynamics; industrial life cycles.
Held almost thirty years ago, the Conference on Innovation and Diffusion in Venice, 1986, has been a landmark in the development of the Economics of Innovation as a distinct and rich domain of investigation of economic analysis – featuring many of the contributors to the field and more generally to the analysis of economic dynamics driven by technological and organizational change, from Freeman to Arrow, Nelson, Rosenberg, David, Pavitt, Stiglitz, Winter, and many others.
And nearly a quarter of century ago the journal Industrial and Corporate Change was established with most of the same players and many more as editors, scientific advisors and members of a variegated but quite visible college.
As both anniversaries approached, the editors of Industrial and Corporate Change (ICC) organized a major Conference to take stock on the advances reached in Venice 1986 and move the frontier forward by tackling several new major themes and at the same time scouting the challenges ahead. Please click here for more information about ICC.
Both the Venice Conference and ICC address two major interpretative questions that cut across the history of the economics discipline: first, what are the drivers that have sustained secular growth in the industrialized world? Second, what holds together -with varying degrees of “orderly” success- a complex system made up of multiple heterogeneous interacting agents? While much progress has been made on several fronts since Venice 1986, some set-backs have also taken place. For example, we certainly know much more about the characteristics, dynamics and effects of innovative knowledge. Yet, at the same time, economics has tried to reduce knowledge accumulation to information acquisition and to an equilibrium response to “incentives”. While we know much more about industrial dynamics – the patterns, the historical interpretative narratives, the statistical properties, and appropriate modelling frameworks–theoretical interpretations have tended to rationalize the evidence by means of increasingly fictional agents.
The Conference stimulated discussion around these and other issues.
Click here for the program with the topics and the main speakers/discussants under each subject.
Honoring Nathan Rosenberg
Nathan Rosenberg has been one of the key originators of the Economics of Innovation, a major protagonist at the Venice Conference and among the founders of ICC. He has been a fundamental contributor to the advancement of the entire domain of the analysis of technological change and its impact on industrial dynamics and economic growth. The opening day of the ICC Conference will be dedicated to Nate Rosenberg and its legacy.
Remarks on Nathan Rosenberg by David Teece and other attendees (video 44 minutes)
In Memory of Nathan Rosenberg