Scuola Superiore Sant’Anna – giovanni.dosi@sssup.it
“The Features of Techno-Economic Paradigms Ahead and Their Consequences”
Europe had been showing some structural weakness well before the crisis in research, innovation and production, the lecture will discuss the roots of the current situation and some of its determinants. After confronting the European with the American models of technological innovation, we see how these can affect productivity and performances, focusing on manufacturing. Finally, the lecture will conclude with an analysis of the existing scenarios and policy options to curb the current situation.
Background readings:
Dosi G. and R.R. Nelson (2010), “Technical Change and Industrial Dynamics as Evolutionary Processes”, In B.H. Hall and N. Rosenberg: Handbook of the Economics of Innovation- Vol-I, Burlington: Academic Press, pp. 51-128
Mazzucato, M. (2013). The Entrepeneurial State: debunking public vs. private sector myths. London: Anthem Press
SOAS, University of London – jt29@soas.ac.uk
“Monetary Union and Financial Integration”
The arguments for and against monetary union in Europe are conducted increasingly in Ricardian terms of the relationship between money, exchange rates and trade. This takes no account of financial development and integration, in particular in the private sector. These require financial operations to maintain the liquidity of banking and capital markets. It is not macroeconomic imbalances, but the fear of debt that is the biggest threat to the European Monetary Union.
Toporowski, Jan (2013) “International credit, financial integration and the Euro.” Cambridge Journal of Economics, 37 (3). pp. 571-584. Read here
Critical European Thinking 