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Call for Abstracts, Festival for New Economic Thinking

The Working group on Economics of Innovation invites you to submit an abstract of your work on the following topics.

Schumpeterian notion of innovation - that ‘new combinations’ brought forward by ‘new men’ are essential for economic development - has been at the core of innovation studies.Without neglecting its validity, we would also like to emphasise that the phenomenon of innovation is context-dependent. In other words, to paraphrase Hyman Minsky’s reference to the varieties of capitalism, there are as many varieties of innovation ‘as Heinz has pickles’. Moreover, innovation is increasingly understood as something that occurs not only in the domain of a private enterprise but also in the public sector and governance. National governments are expected not only to design innovation-friendly business and regulatory environments but also to innovate themselves. Further, in the aftermath of the global financial crisis, we are tasked with rethinking innovation policies, technological trajectories and its contribution to sustainable and inclusive economic development. Our emphasis, therefore, is on whether we shall re-think economics of innovation, its financing and its potential in order to face contemporary challenges.

1. We welcome contributions from the following streams of research (but not
limited to):

  •  The development of the productive forces and the relations of production in the Digital Age
  •  Organizational innovation
  •  Tech companies and the theory of the firm
  •  The Rhetoric of Innovation in Contemporary Society
  •  Innovation policies for the 21st century
  •  Governance of innovation
  •  Financing of innovation
  •  Long-term finance: state-owned development banks
  •  Green technologies and innovation
  •  Innovation, Productive Process, and the conflict between labor and capital

2. Special Collaborative Session with the Financial Stability and Finance, Law and Economics Working Groups

  •  FinTech between speculation and regulation

Financial innovation is inherent in economic and technological development while due to
financial liberalization and deregulation as well as rapid development of ICT, has become a
goal in itself. FinTech is believed to challenge traditional financial intermediaries, most notably banks, and is increasingly promoted by competition authorities and policy makers. Meanwhile, financial institutions innovate in response to existing regulations in order to overcome its constraints, thereby contributing to inherent financial fragility, from a systemic perspective. Therefore, to effectively regulate and to ensure financial stability, but not to hinder competition, regulatory authorities face multiple challenges. Our focus is on the fine line between financial innovation and speculation as well as the interplay between innovators and regulators.

If your research looks at Fintech or Cryptocurrencies and is relevant to the perspective of the Finance Law and Economics or Financial Stability Working Groups, we encourage you to specify the group when registering your submission.

3. Special Poster Session

  • Evolution of production structures (smart factory, industry 4.0, IoT)

The birth of the Internet of Things and its implementation in production structures is considered as the first step towards the 4th industrial revolution and the creation of smart factories. The shift that the technology provides is a leap forward from the process of digitization to the one in datafication; where it allows a huge flow of data in real time to be part both production and decision making inside the firm. For this special poster sessions, we welcome contributions that present a visual evolution of the actual space of productions (plants, factories) starting from the Industrial Revolution to nowadays.

Submissions ought to be original work. Please click here to submit your abstracts.