The workshop brought together innovation economists, economic historians and industrial economists to think creatively about the way that innovation and inequality co-evolve- and how this relationship has changed over the course of capitalism. While this theme was crucial in the analysis of Classical economists, it has been almost forgotten in subsequent studies of innovation and technological change. The observation of rising inequality across and within countries is beginning to resurrect this issue, in particular as it concerns the hypothesis of skill-biased technological change and the impact of a stronger IPR regime at the global level. Recent work has also begun to examine how the financing of R&D - particularly through venture capital and the stock market - may induce corporate strategies and bubbles which may contribute to rising inequality.
The view from an industry dynamics perspective is useful as the relationships above differ between sectors. The case of the bio-pharmaceutical industry is particularly significant and extreme in these respects because it widens the perspective from inequality in income and wealth distribution to other fundamental dimensions of well-being like health and 'access' (to innovations).
The presentations and discussions motivated researchers to think more systematically about a Schumpeterian approach to inequality.
Please visit the Innov-Eq website to learn more about this project.
Mariana Mazzucato, The Open University
Luigi Orsenigo, University of Brescia
Saturday, 15 May 2010: Day 1
|09:00 - 09:30||Workshop Organisers: Mariana Mazzucato (The Open University, FINNOV Coordinator) and Luigi Orsenigo (University of Brescia)
"Innovation and Inequality, from the classicals to skill-biased technical change. What's missing?"
Presentation: Innovation and Inequality: the need for new indicators from Pharma and beyond (PDF document, 990 KB)
|Session 1||Technological Change and Inequality, a Schumpetarian Perspective|
|09:30 - 09:55||Carlota Perez (Cambridge University)
"Technological revolutions and income distribution"
Abstract: The diffusion of technological revolutions and income distribution (PDF document, 11 KB)
|09:55 - 10:20||Benjamin Coriat (Paris Nord University) and Fabienne Orsi (University of Aix-Marseille II)
"How TRIPS are building enhanced Inequalities in access to care. The case of HIV/AIDS"
Abstract: How TRIPS are building enhanced inequalities in access to care: the case of HIV/AIDS drugs (PDF document, 16 KB)
|10:20 - 10:45||Theo Papaioannou (The Open University)
"Technological innovation, global justice and politics of development"
Abstract: Technological Innovation, Global Justice and Politics of Development (PDF document, 16 KB)
|10:45 - 11:15||Discussion Session 1|
|11:15 - 11:30||Coffee break|
|Session 2||Insights from Pharma : Innovation and Access to Drugs|
|11:30 - 11:55||
Abstract: Access to medicines: intellectual property rights, human rights and justice (PDF document, 25 KB)
|11:55 - 12:20||Maureen Mackintosh (The Open University)
"Essential drugs supply chains and inequality"
Abstract: Essential medicines supply chains and inequality (PDF document, 18 KB)
|12:20 - 12:45||Sebastião Loureiro (Federal University of Bahia)
"Diffusion of new drugs in developing countries: some empirical evidence"
Abstract: Diffusion of new drugs: a review on the available empirical evidence focused on developing countries (PDF document, 13 KB)
|12:45 - 13:10||Philippe Gorry and Matthieu Montalban (University of Bordeaux)
"The political construction of orphan drugs market : between innovation and access to care"
Abstract: The political construction of orphan drugs market: between innovation and access to care (PDF document, 20 KB)
|13:10 - 14:00||Lunch|
|14:00 - 14:40||Discussion Session 2|
|Session 3||Insights from Biotechnology|
|14:40 - 15:05||William Lazonick and Mustafa Sakinc (University of Bordeaux)
"Do financial markets support innovation or inequality in the biotech drug development process?"
Abstract: Do financial markets support innovation or inequity in the biotech drug development process? (PDF document, 20 KB)
|15:05 - 15:30||Andrés Cárdenas (University of Bremen)
"The Cuban biotechnology industry: An analytical framework"
Abstract: Beyond command and control (PDF document, 180 KB)
|15:30 - 15:50||Discussion Session 3|
|15:50 - 16:05||Coffee break|
|Session 4||Finance, Innovation and Inequality|
|16:05 - 16:30||Mary O'Sullivan (University of Pennsylvania)
"Contemporary regulation of corporate governance: Innovation as cause and effect"
Article: What Opportunity Is Knocking? Regulating Corporate Governance in the United States (PDF document, 180 KB)
|16:30 - 16:55||William Lazonick (University of Bordeaux)
"Why executive pay matters to innovation and inequality"
Abstract: Why executive pay matters to innovation and inequality (PDF document, 16 KB)
|16:55 - 17:20||Giovanni Dosi (Sant'Anna School of Advanced Studies)
"Some reflections on innovation, monopolistic rent and inequality"
Background paper: How much should society fuel the greed of innovators? (PDF document, 270 KB)
|17:20 - 17:50||Discussion Session 4|
|17:50 - 19:00||Wrap up|
|20:00 - 22:00||Dinner|
Sunday, 16 May 2010: Day 2
|Session 5||Conclusion: What Have We Learned and Policy Implications?|
|10:00 - 12:30||Discussion and follow up|
|12:30 - 13:30||Lunch|
Download the workshop programme (PDF document, 60 KB, updated 2010-05-04)
Download the workshop leaflet (PDF document, 400 KB, updated 2010-05-04)
Download the workshop poster (PDF document, 2 MB, updated 2010-04-28)
Download Consoli background paper (PDF document, 470 KB, updated 2010-05-10)
Download Loureiro background paper (PDF document, 170 KB, updated 2010-05-10)
Download post-workshop report (PDF document, 40 KB, updated 2010-06-04)
The Innovation & Inequality workshop is sponsored by the DIME Network of Excellence, The Open University's Centre for Innovation, Knowledge and Development (IKD) and FINNOV, a European Commission FP7 project.