Penrose Lecture: Policies for Innovation (Lecture 2)

Bronwyn Hall (Professor of Economics Emerita, University of California at Berkeley)

Lecture 2: Policies for Innovation

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The Penrose Lectures were established in memory of Professor Edith Penrose who made an outstanding contribution to social science. Her work on innovation, international corporations, the theory of the firm, organisation and economic development have left a lasting legacy on the disciplines of economics and management. Penrose was also an inspirational teacher of students at all levels - undergraduate, postgraduate, PhD, MBA - and a major contributor to important public policy issues and debates. In keeping with her legacy, the Penrose Lectures have been established to honour her contribution. The lectures are held each year on a subject in economics, management or political economy.

Edith Penrose was appointed to a Chair in Economics at SOAS in 1964 having previously held a joint Readership in Economics at LSE and SOAS. After retiring from SOAS in 1978 she was appointed Professor of Political Economy at INSEAD, Paris. As well as being a pioneer in the disciplines of economics and management, Penrose was also the rst woman to hold a professorial position in economics at SOAS. In recognition of her work and legacy, the Penrose Lectures provide a platform for outstanding scholars to communicate their research work to faculty, students, practitioners and the wider public.

Speaker biography:

Bronwyn Hall is Professor of Economics Emerita at the University of California at Berkeley, Visiting Professor at MPI-Munich, a Research Associate at the NBER and IFS-London, and a Visiting Fellow at NIESR, London. She has published numerous articles on the economics and econometrics of technical change and innovation and is the editor of the Handbook of the Economics of Innovation in the Elsevier series. Her research includes comparative analysis of the U.S. and European patent systems, the use of patent citation data for the valuation of intangible (knowledge) assets, comparative firm level R&D investment and innovation studies, measuring the returns to R&D and innovation, and analysis of technology policies such as R&D subsidies and tax incentives. She has made substantial contributions to applied economic research via the creation of software for econometric estimation and of rm level datasets for the study of innovation, including the widely used NBER dataset for U.S. patents.

Organiser: Penrose Committee