The programme of the Festival
The main programme of the Festival was finalized by the organizers together with the Scientific Director. The joint programme is made up of meetings organized by representatives of the publishing houses or other bodies, which take full responsibility for these events.
For events accompanied by the symbol, a simultaneous translation service is available.
For events accompanied by the symbol, a live broadcasting service is available in piazza Duomo and piazza Fiera, and on web tv
The organizing committee of the Trento Festival of Economics reserves the right to make changes to the programme after the printing of this publication.
For more information on the programme, last minute changes, changes of venue in the event of rain or other circumstances, and on events deferred or cancelled, go to www.festivaleconomia.it, visit the Festival information points, or contact the secretariat at +39 0461 260511 or firstname.lastname@example.org.
Spectators present at the events agree to and authorize the future use of any photographic, audio or film material which may be recorded at the Festival.
Entrance to the events is open and free of charge until full capacity is reached. No pre-booking.
In a scenario in which the crisis has redrawn the frontiers of economic freedom, what is demanded of young people in order to deal with the opportunities and challenges of the employment market?
The abolition of inheritance tax was one of the first actions of the 2001 Berlusconi government. Reintroduced in 2001, but only for very large fortunes, it is back at the centre of debate today: there are those who emphasize the negative effects of the accumulation of wealth, even to the point of seeing it as a threat to private property; others highlight the inefficiency of this system, given the various possibilities for eluding and evading tax; still others appreciate the redistributive aims of the tax, especially in countries with strong divergences in wealth and limited social mobility, such as Italy.
Knowledge, research, innovation and education are the key elements of economic development. Italy spends little to finance university and research, and does not even succeed in distributing these few resources well. Let’s attempt to formulate concrete proposals to improve public financing practices in universities, promote the quality of research, award and provide incentives for merit.
introduced by Armando Massarenti
organised by Princeton University Press
discussed by Daniela Vuri
Germany has suffered a severe recession and yet, during the crisis, unemployment diminished. What explains this German miracle? Incentives for introducing shorter working hours? Decentralized negotiations? Individual calculations of working hours? Or are the other explanations?
Presented by Tobias Piller
Prostitution, wombs for rent, breeding banks, pornography and sale of organs. What happens when the goods being exchanged on the market are our bodies? Or when science extends the frontiers of trading? What to ban, what to regulate and how to supervise? Ethical choices and prospects for regulation
In the UK, the government is looking to the voluntary sector to play a greater role in providing public services. What is the potential for not-for-profits in this area? Is the Big Society simply a way to roll back the state and to reduce public spending, or does it really have something to deliver?
Presented by Stefano Feltri
Three specific questions regarding housing within a single event open to the public, in order to obtain clear and transparent advance information: 9.30 - 10.15: informed mortgages; 10.30 - 11.15: buying property under construction; 11.30 - 12.15 : energy certification of property.
For many years now debate has surrounded the supposedly weak civic spirit of Italians. It is often invoked to explain the poor quality of the political class and has been amply recalled, often irrelevantly, to explain the exceptional factiousness of the current political struggle. A sociologist and an economist with long experience in political matters, discuss these and other related issues.
Presented by Enrico Franco
Our society has cancelled old borders: between public and private, goods and individuals, property and consumption…
Has this made us freer?
One of the most original and influential thinkers of our time reflects on the relationship between economic freedom and daily life.
Presented by Giuseppe Laterza
The experiences of “critical” consumers – and data from the Balanci di Giustizia campaign – show us that the only genuine freedom of the market is freedom “from the market”.
organized by Marsilio Editori
The Deposits and Loans Fund is consists in savings and the Banking foundations participate in its risk capital. According to the government, it should be the white knight of Italian companies and favour their growth. Is this a truly effective way of managing the savings of Italians?
In phases of uncertainty the rules determining the power of countries and gender and the generations involved are redefined. The current economic and geopolitical crisis has redrawn the frontiers of economic freedom. What are the new rules and who must take responsibility for avoiding global crises in the future?
organised by the Tavolo per l’Occupazione e l’Occupabilità, promoted and coordinated by the Social Policy and Equal Opportunities Department of the Municipality of Trento
interviene Federico Rampini
This lecture examines some of the key questions for immigration policy. They include the goals of policy and its effectiveness over different migration streams. It also includes an evaluation of immigration and asylum polices at the EU versus the national level.
Presented by Antonio Preziosi
The range of choices available to us in the most advanced economies has expanded enormously: we have more products to consume than ever before, films to see, sexual norms and religions to follow, we can decide whether to have children or not, we can even change the way we look. Does all of this increase our freedom? The original response of a philosopher and sociologist of the London School of Economics.
Presented by Antonella Rampino
Information is the soul of the market and free competition can exist only in a market where all the necessary information actually circulates. Between the borders of economic freedom lies information whose availability can expand or restrict those borders. What do Italians know and understand about economics? How do they inform themselves? And how do they manage information asymmetries, often in the field of finance which had a key role in the last global crisis. This and much more is discussed by the President of ISTAT, who conducted a special survey of economic awareness by Italians, the President of ABI, who represents the banking system, and two economists, one specialized in finance and the other in cognitive theories.
Presented by Giancarlo Santalmassi
People interact to trade information, opinions, sentiments, but also work, goods and services. An isolated person cannot trade with anyone. A person who has been removed from isolation and begins to interact with others, reveals that the exchange has a positive individual value. If he does not begin to interact, he does not reveal the opposite. In short, it is not the “exchange” in itself that has a positive or negative individual value: rather what has a positive individual value is the “free trade”, in other words the freedom to decide whether to trade or not. Between State and Market, which protects this freedom best?
Presented by Andrea Fracasso
Without freedom, there can be neither a ‘good’ society nor a ‘good’ economy. However, economic actors are never completely free, but always bound by the existing laws and institutions, as well as by the wealth (or poverty) at their disposal. Moreover, the market generates interferences and conflicts with other fundamental principles, above all that of equality. Finding the ‘best’ ways to address and resolve these conflicts between freedom and justice is also one of the main tasks of economics – today more than ever before.
Presented by Luciano Andreozzi
What do people do when they’re not working? Is it leisure, sleeping/eating, or things you could have paid for? How does this differ between men and women? How does it differ across countries — is Italy any different? What would people do if they suddenly couldn’t work as much? What if they didn’t have to work as much?
Presented by Steve Scherer
From great millennial empire, until 1500 the technologically most advanced region in the world, China appeared to have entered a phase of inexorable decline. A decline that had made it one of the poorest countries in the world.
Now China is the second most important country worldwide in terms of total income, and the largest global exporter. Thanks to its apparently unstoppable commercial advance, it has accumulated gold and foreign currency reserves estimated at 2,500 billion dollars. Will this economic and financial empire be the engine of world growth in the twenty-first century? Of will it, on the contrary, give the eco-system a fatal shove? Will the pace of growth in China continue or will it slow under the pressure of demographic change? Finally, will economic progress be sustainable without reforms of the political system?
Presented by Pierangelo Giovanetti
The human scale development model drawn up by M.A. Max-Neef has been shown to be one of the most effective for understanding the frontiers of economic freedom and ensuring that the solutions which we apply today will create widespread prosperity, without transforming themselves into tomorrow’s problems.
organised by Chiarelettere
organised by Rubbettino Editore
organised by Editori Laterza
Immigration gives countries the option of accessing skills, abilities, ideas and jobs that did not originate within their borders. This creates opportunities for growth but some national factors, those competing with immigrants, may lose out. In this presentation I cover the recent research in economics that analyzes benefits, costs and winners-losers from increased immigration flows with a special focus on Europe and the U.S.
Presented by Giorgio Zanchini
According to IOM, there are 230 million migrants around the world. Those fleeing hunger, misery or wars are often the victims of human trafficking. Economic needs, security requirements and different political viewpoints clash, while international crime does not stand by idly.
Followed by IN MEMORIAM
Screening of the late TOMMASO PADOA SCHIOPPA’S address at the first edition of the 2006 Festival of Economics with a tribute by FABRIZIO SACCOMANI
Reflection on the distortion or advantages of policy “to support the economy”, the effects on economic freedom and market disturbance: a benefit for the economy or a tool for laying claim to supremacy in political, economic and judicial decision-making?
The 3+2 reform has led a growing number of young people to enrol in university courses, encouraged by low registration fees and universities close to home. The cuts implemented by the government have led to the virtual paralysis of the university system. From various quarters there are calls to raise the university fees of students by removing the limits imposed by law.
The study of 107 episodes of fiscal consolidation in the OECD countries highlights under what conditions the restructuring of pubic finances can lead to recession and when the governments responsible are punished by the voters in the next round of elections. It turns out that the famous maxim uttered by Jean Claude Juncker “We all know what to do, but we don’t know how to get re-elected once we have done it” is perhaps not so true after all.
Presented by Dino Pesole
organised by Il Mulino
discussed by Paolo Legrenzi
organised by Il Sole 24 Ore
speakers Francesco Sisci
In the last few months there has been more reflection on the role of women in Italian society than there has been for many years. Problems relating to gender differences – from quotas for women on management boards to reconciling home and work – are still largely unresolved, both in the world of employment and in the broader economic context, in both the public and private sector. Starting from the direct testimony of three young women who are the winners of a competition promoted by the Vodafone Foundation entitled ‘Imprese e Lavoro’, with the objective of supporting new entrepreneurial initiatives by women, the debate will offer the opportunity to contribute towards the discussion on the relationship between women and the economy.
The law states that water and water works are public property, and that water prices are and must always be defined by public authorities. The law that many now want to annul aims, however, to extend private involvement in the management of this public service, with everything else remaining in the public sphere. This is the origin of the referendum against the so-called privatization of water…but which in reality concerns all local public services.
The recent earthquake and devastating tsunami that destroyed entire provinces of Japan have revived, with the collapse of the Fukushima nuclear plant, the debate on the risks of nuclear power. How and what to decide for our future energy supply?
Presented by Laura Strada
The links between the illegal and informal economy and economic devolopment
organized by the Ahref Foundaiton in conjunction with the Foundation for the South
This year’s Festival of Economics in Trento is devoted to the theme of the borders of economic freedom. But beyond those borders there is also the informal economy, the culture of work without the culture of legality. A culture that may generate some wealth, enable some people to make ends meet, but one which builds no future. Can this economy be forced to emerge? On what conditions? And for what purpose? A series of papers, interventions and speakers will be followed by a concluding debate.
|10-11.30||With social media tell a story of emancipation|
|Coordinated by Luca De Biase|
Extortion in the Naples and Caserta area
|Coordinated by Michele Polo|
The forgery cycle and the work ethic
|Coordinated by Michele Polo|
The effects of the informal and black market economy on development
|Coordinated by Michele Polo|
New development scenarios in OECD countries have seen an emerging demand for collaboration between companies, trade union representatives and institutions. Up to what point can entrepreneurial risk be shared with the workers? How does the role of trade unions change in an economy based on small businesses and the local area? What is the role of politics? In the session it is intended to discuss the need to experiment with new forms of relationships and partnerships between the worlds of politics, business and employment.
organised by Assinter Italia – Associazione delle Società per l’Innovazione Tecnologica nelle Regioni - and Informatica Trentina Spa
The use of ICT is fundamental for the growth and development of the national economic system: regional companies for technological innovation and their contribution to growth and the development of “public demand” for information services for the development of collaboration between the public and private sector.
organised by Garzanti
Why would a man in Morocco who doesn’t have enough to eat buy a television? Why is it so hard for children in poor areas to learn, even when they attend school? Does having lots of children actually make you poorer? Answering questions like these is critical if we want private and public initiative to have some chance of making a dent against global poverty.
Presented by Eric Jozsef
In Italian legislation prostitution is contemplated but not regulated, and its exploitation is punished. In Europe there are a series of different models to govern the phenomenon: at one extreme, there is the German model where prostitution (if chosen by the person who practices it) is a job, with rights, safeguards and obligations; at the other extreme there is the Sweden, where prostitution is on the same level as violence and the clients of the sex market are punished.
Social norms condition individual choices, they place limits on individual freedoms. These norms, in turn, are shaped by the actions undertaken by each one of us. This interaction is the driver of social change and moves the borders of individual freedoms. But how and where does this change originate? And how does it spread in time and space? Can it emerge in a free market context or does it require public intervention?
Presented by Stefani Scherer
Why do different religions impose or censure different practices?
If a religion prohibits certain foods while another obliges parents to teach their children to read, what are the economic consequences? Why has India decided to abolish an institution – that of the bride’s dowry to the husband – which has existed for millennia in various civilizations? Why do so many civilizations from antiquity to today have religious laws or norms to combat usury, and what effects do these restrictions have? History provides us with the answers.
Presented by Riccardo Sorrentino
Up to what point can the State delegate social welfare to private organizations? What role can unions play in guaranteeing equal treatment to the new generations of precarious workers and immigrants? And is it possible to imagine safeguards that take into account the strong competitive pressures that exist today, working within rather than against the market? The Secretary General of the CGIL discusses these and other questions with a labour economist.
Presented by Marco Panara
organised by Egea
discussed by Giovanni Peri
One of the foremost thinkers of our time, winner of the Nobel Prize for economics in 1998, an intellectual who is particularly sensitive to issues around cultural conflict and modern societies, open the Festival of Economics by addressing the main theme of this sixth edition. Since 2011, the Festival has expanded in time and space, from Naples to Rovereto, confirming the Trento agora as one of the major centres for economic thinking.
After the collapse of the Soviet Union, several hundred world-class Soviet mathematicians migrated to the United States. This paper examines the impact of this influx on the productivity of American mathematicians. Specifically, it examines the extent to which the new ideas brought into the American mathematics community by the Soviet émigrés affected the number and quality of publications by American mathematicians.
Presented by Umberto Bottazzini
organised by InfoCamere Scpa
Illegality cannot be fought through isolated action, but rather using a shared strategy within which everyone has their own role: this is the idea behind the creation of the National Legality Committee, in which Chambers of Commerce participate by providing background information
The session will discuss the need for young people to reinforce their economic and financial literacy. The economy indeed demands the ability to make choices and interpret the characteristics of society, becoming an essential component in modern citizenship, along with other cultural aspects
in collaboration with young entrepreneurs from Trentino
The public is invited to meet Festival speakers in the café
The pubblic is invited to meet Festival speakers in the cafè
in collaboration with young entreprenerus from Trentino
The pubblic is invited to meet Festival speakers in the cafè
in collaboration with young entrepreneurs from Trentino
The lecture will review the economic foundations of the fiscal policy framework in the euro area. It will then discuss the current debt crisis and the solutions that have been proposed so far. What is needed is a framework to deal with sovereign debt defaults in the euro area.
presented by Tobias Piller
When the financial crisis exploded, all over the world countries were called on to save an economic and banking system on the verge of collapse. Massive intervention succeeded in avoiding the worst. But the cure aggravated sovereign debt exposure, reducing the public resources available for investment in collective projects and threatening the stability of the single currency. Faced with the debt crisis, European states backed each other and pledged to respect stricter public finance parameters. This opened a new phase of slimmer states, at times by virtue of debt thresholds, (Greece, Ireland, Portugal), at others by constitutional obligation (Germany), or even based on a political and ideological programme (the UK). But up to what point can the State retreat and delegate functions and public services to private entities without compromising values and constitutional rights?
Presented by Mariolina Sattanino
A debate between the powers of the future and alternative models. China: the freedom from need and authoritarian paternalism. India and Brazil: two experiments in “southern social democracies". Indonesia: the successful transition of an Islamic country. The challenges of the emerging giants to the American idea of freedom.
presented by Alberto Faustini
The future of globalization is not assured unless we take history's lessons to heart. A healthy globalization rests on a fine balance between the global reach of markets and the prerogative of nation-states. If we push too much in either direction, we get instability and loss of legitimacy. The balance has been upset recently in favour of global markets, and must be re-established
presented by TITO BOERI
The first months of 2011 have been defined by the major upheavals in a number of Arab countries, all accompanied by demands for more democracy, less power for oligarchies and greater meritocracy in the selection of the ruling class. This Arab 1948 has caught international opinion completely off guard, forcing us to question the profound meaning of these events but also our very ability to understand the times we live in.
Presented by Pietro Veronese
The major multinational companies influence the life of millions of people, but they have just begun to reflect on their responsibility in terms of safeguarding human rights. The meeting will focus on the role of multinational companies in the development of poor countries with plentiful resources, such as Nigeria.
organised by Amnesty International – Italian section
If, at the end of the twentieth century, the borders between East and West in Europe began to crumble, the second decade of the current century announces a revolution on the Southern shores of the Mediterranean, whose outcome remains largely unpredictable. What can be done to really help the countries of North-Africa? And will the policies of asylum be able to cope with the new challenges posed by the humanitarian emergency? Follow the debate between one of Italian’s politicians who is most attentive to problems in the Southern hemisphere, a former European commissioner for humanitarian aid, and one of the foremost scholars of asylum policies.
Presented by Vladimiro Polchi
The recent crisis has revealed the pitfalls of excessive deregulation, and has shown that Ssate intervention cannot be dispensed with, e.g when financial institutions are too-big-to-fail. Should government intervention go beyond this minimum regulatory role? Should the State also play the role of investor? The need for liberalized markets does not call for a reduced state, but rather for an "appropriate" state.
Presented by Frank Paul Weber
For the first time, the person responsible for restructuring a firm plundered by an unscrupulous owner discusses the lessons that can be drawn from the rescue of the company and the challenges associated with its readmission to the stock exchange.
Presented by Massimo Mucchetti
The southern Mediterranean area offers an opportunity for Italy and its businesses. However these countries have not yet embarked on the process of accelerated development experienced by other recently industrialised economies. Where may the events of the last few months take us?
Organised by Euricse – European Research Institute on Cooperative and Social Enterprises and the University of Trento, Department of Law
There are goods and services to which the general logic of competition cannot be applied and which pose a limit to free enterprise. The water supply service is one of these. The session will present some experiences of cooperation in the water supply sector.
How has the role of central bankers changed during the crisis and what must banks do to find a definitive way out?
presented by Elena Polidori
In our country we feel free: free to express our opinions, to move from one place to another, to choose what to study or what career path to pursue according to our interests.
If you look carefully, this freedom clashes – across broad swathes of Italy – with widespread illegality: not only that of the major criminal organizations but also the less visible but no less dangerous phenomena of corruption, patronage, and the black economy.
A leading magistrate, protagonist in the fight against criminal, political and economic illegality, sheds light on one of the preconditions for economic freedom
Representative democracies have designed two important instruments for curbing the power of politicians: elections and the party. Today, these two instruments are in crisis or in any event are incapable of working as strategies for limiting power. What weapons do citizens have to make their voice heard and to influence the decisions of politicians?
This lecture will discuss the consequences of the historic health care reform bill that President Obama signed into law in March 2010. Special attention will be paid to those who voluntarily chose to be covered under the plan as against those who only joined when it became obligatory. The philosophical and legal arguments underpinning compulsory coverage will also be examined.
Presented by Federico Pedrocchi
The emergency landings in Lampedusa has put the government’s problem of migratory flows dramatically back at the centre of the agenda. Up to what point can these be administered at national level or must they be coordinated by Europe? Italy’s Minister of the Interior and a leading academic in the field discuss the causes and effects of international migration.
presented by Dario Di Vico
Spectators present at the events allow and authorise future use of any photographs taken and any film or audio sequences recorded.
at the borderLive discussion of the most advanced research, emerging issues and the most innovative laboratories
dialoguesTwo different points of view, two contrasting ways of looking at a problem and two possible alternatives for solving it
focusA closer look at a phenomenon on the public agenda
intersectionsFrom history to sociology and philosophy. How much and what other disciplines have to say about the economic situation
keywordsA minimalist glossary: the fundamental terms for finding one's bearing and forming an opinion
past and presentIf something happens only once, it is as if it has never happened: the myth of the eternal return of the same accompanies a great deal of literature and philosophy. Is the same true of history? And economics? In the new "past and present" format, the Festival intends to investigate analogous elements and profound differences characterising a succession of apparently very similar events: financial crises, speculative bubbles, fears about the escalation of violence and the invasion of "foreigners". Interpreting history in order to understand the present and perhaps avoid some future mistakes
contemporary witnessesIntellectual experiences, life choices and first hand stories recounted in person by those who have experienced them
visionsOur present and near future in the opinion of important figures on the international cultural scene
the economics cafèThe history of culture often includes public places that have become centres for coming together, discussion and intellectual exchange, from the futurists who animated the "Giubbe Rosse" café in Florence to the unforgettable cafés of the " rive gauche" in Paris. For this fifth edition of the Festival, Trento offers its residents and the festival public the magnificent cafés of the historic centre, in order to inaugurate a new cultural tradition and allow them to learn more about economics and its protagonists, from even closer
meetings with authors
for & againstFor & Against