Schumpeter Lecture 2025: The New Economics of Industrial Policy
19 May 2025 5:00 pm CEST
Schumpeter Lecture 2025 with Professor Réka Juhász
In cooperation with Oesterreichische Nationalbank (OeNB) & The Schumpeter Society.
Venue
Oesterreichische Nationalbank, Kassensaal, 1st floor Otto-Wagner-Platz 3, 1090 Wien
or online via Webex
Description
Professor Juhász has significantly contributed to the recent revival of research and the international discussion on industrial policy. In this lecture she will, in a first part, discuss what modern industrial policy entails and what the economic rationale for industrial policy is. In the second part of the talk she will cover what the new empirical literature has to say about the efficacy of industrial policy. The third part of the talk touches on where new research on industrial policy is headed, highlighting work on how to constructively confront the very real political economy challenges to implementation, and how industrial policy might evolve in the new geo-political context and be consistent with a rules-based trading system.
Professor Juhász is a co-founder of The Industrial Policy Group and a 2025 DG Grow Fellow at the European Commission. She was recently awarded the 2025 Bank of Canada Governor's Award.
For recent publications see:
The Political Economy of Industrial Policy
Industrial Policy in the Global Semiconductor Sector
https://www.rjuhasz.com/research/
The lecture will be followed by a panel discussion on "Industrial Policy in the New Geo-political Context".
Registration
Join us by registering by 12 May 2025, at the latest. Please register here.