Trento Summer School in Adaptive Economic Dynamics is a yearly program promoted by prof. Axel Leijonhufvud with the aim of fostering education and training on subjects centered on a view of economic behavior as an intrinsically dynamic and adaptive process.
Aims and Scope
The financial crisis has accelerated the debate on the nature and working of institutions that rule the functioning of markets. However, a number of arguments also trace the crisis to firm organization.
There is therefore a need for an approach that links both the institutional level and the players regulated by institutions.
Nevertheless both the theory of the firm and the legal debate, are adapting slowly and seem to employ concepts better fit to the economic environment and the industrial enterprises of the past century, rather than animated by efforts at rethinking the nature of the firm itself as fundamental institution of modern knowledge-intensive economies and democratic societies.
A major concern of the school is therefore to re-open a debate on the nature of the firm, complementing economic theory with organizational, historical and juridical perspectives; building on and promoting dialogue among research perspectives that are already interdisciplinary and have already taken steps in that direction, such as 'New Institutional Economics, 'Law, Economics & Organization', 'Organization and Management Theory', ‘Business History’, ‘Evolutionary economics’, and ‘Economic sociology’.
The program has been designed, and the faculty constituted, so as to build on contributions highlighting different responses to some key issues, organized in four main teaching modules.
- Avner Ben-Ner, University of Minnesota
- Margaret Blair, Vanderbilt University Law School
- Nicolai Foss, Bocconi University
- Robert Gibbons, MIT, Sloan BS
- Anna Grandori, Bocconi University
- Thomas Kochan, MIT, Sloan BS
- Siegwart Lindenberg, University of Groningen
- Scott Masten, University of Michigan
- Colin Mayer, University of Oxford, Said BS
- Renate Meyer, University of Vienna
- Lorenzo Sacconi, University of Trento
INTENDED AUDIENCE AND FORMAT
Advanced/candidate phds, post docs and junior scholars. Each module will include sessions dedicated to debate among faculty members and with the students, as well as to students’ project presentation and development.
- The evolution of theories of economic organization and governance (Extensions of transaction cost economics and property rights theory, of contract theories, and of governance mechanisms).
- The microfoundations of theories of economic organization extended to capture innovation and knowledge governance.
- The history and evolution of alternative forms of enterprise and their governance.
- The evolving relations of firms with labor and financial markets.
People interested in participating in the summer school are encouraged to fill in the application form on line on the official website from January 9, 2017 to March 31, 2017 (h.1.00 pm - GMT+1).
Participation at the summer school is free of charge. Food and accommodation will be covered by the School (except for meals during the weekend) and participants will have to cover travel expenses. Note: in order to be admitted students are required to attend the entire duration of the school. A limited amount of grants are available for applicants from outside Western and Northern Europe and North America. A request of grant together with the motivational letter should be submitted together with the application. Lessons will begin on Monday June 5, 2017 in the morning and will end on Friday June 16, 2017. Participants are expected to arrive on Sunday June 4, 2017 in the afternoon in time for the social dinner, and leave on Friday June 16, 2017 in the afternoon.
For more information please click "Further Official Information" below.
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