In a milestone event for competition policy, law, and economics, scholars convened at European University Institute on February 17, 2026 to launch the Constitution of Innovation.
The new manifesto proposes a forward-looking roadmap to strengthen Europe’s competitiveness through a renewed approach to economic governance. Co-authored by Professor Luis Garicano (London School of Economics), Professor Nicolas Petit (European University Institute), and Nobel Laureate Professor Bengt Holmström (Massachusetts Institute of Technology), the manifesto addresses Europe’s growing innovation gap and the structural challenges facing the Single Market.
“The constitution of innovation reminds us that innovation is not only about new technology and startups; it is about the rules of the game. [It's about] the way we design markets, the way we manage fermentation, and the way we uphold legal certainty and long-term prosperity” said Johanna Mair, Director of the Florence STG, in her opening remarks.