A special session on the economics of innovation will be organized at the EBES 2012 Conference - Istanbul. The distinguished researchers, Marco Vivarelli, Pierre A. Mohnen, and Giovanni Dosi will join the session as invited speakers. Professor Vivarelli is a well-known academician who has published articles in many of the leading economics journals and serves as the editor of the Eurasian Business Review and associate editor of the Small Business Economics and Industrial and Corporate Change. Professor Mohnen is a well-known academician in the field of the economics of innovation and has published articles in many of the leading journals in the field and serves as the associate editor of the Journal of Productivity Analysis and African Journal of Science, Technology, Innovation and Development. Professor Dosi is professor of economics and has published many articles in the field of the economics of innovation. He is vice president of the Italian Economic Society and serves as the editor of the Continental Europe of Industrial and Corporate Change.