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 email@example.com.
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.
Any admission charges for Festival fringe events are highlighted in the programme.
In conjunction with the University of Bari, Fiera del Levante, CON IL SUD Foundation
Media partner, La Gazzetta del Mezzogiorno, Telenorba
Italy needs new businesses, capable of exploiting the skills, know-how and creativity of its young people; their university and secondary school education, their knowledge and experience. How are ‘young’ businesses born? What characterizes them? What are the main obstacles to their development? And what, instead, are the initiatives – at all levels – that can be taken to promote them? This is what will be discussed in Bari, starting with the real-life experiences of a dozen new business owners, their stories and their successes.
Coordinated by Vincenzo Magistà
Giorgia Antonelli, Nicola Barbuti, Nicholas Caporusso, Daniele Cassini, Francesca Cavallo, Nicola Colabufo, Domenico Cristofaro, Renata Diazzi, Antonio Imbrogno, Enzo Maiorano, Salvatore Modeo, Angelo Petrosillo, Andrea Tempestini
Young workers are always affected badly by recession. But how badly they are affected also depends on labour market institutions and the nature of labour contracts that adult workers hold. In this lecture I will examine how young workers were affected by recession in European economies and relate the relative performance of a selection of countries to their institutional structure.
Towards a life-affirming economy. What changes are needed to ensure that the economy can serve the purpose of peace, through the reduction of direct, structural and cultural violence and the satisfaction of the fundamental needs of all human beings, thereby contributing to equitable human relations and guaranteeing the minimum impact from an ecological point of view?
One of Italy’s foremost entrepreneurs describes how the labour market has changed in Italy in the past fifty years. In particular, how it has evolved in relation to young people, and to those about to enter the labour market as against those who are already employed. His account photographs the changing mechanisms of selection for the managerial classes, beginning with the management of big business.
Presented by Enrico Franco
Italy holds the record for the amount of time young people remain under their parents’ roof. Is this a problem? Yes, because it has repercussions on social mobility, business initiatives, salaries, and therefore on the economy and society at large. Is this the fault of the bamboccioni as Tommaso Padoa-Schioppa famously called them? No, or at least only in part. Culture is a factor, as are intergenerational relations, not to mention the policies and institutions that provide so few opportunities for young people.
Presented by Maria Laura Frigotto
Published by Save the Children
Three specific themes in one event open to the public will address the delicate issues of inheritance and donations, including from a business perspective: ‘Family pacts for transferring businesses between generations’ (10.00-10.45); ‘Donations’ (10.45-11.30); ‘Inheritance’ (11.30-12.15).
Many demographers adopt a postmodern values theory and project a secular rise in family instability. I argue that observed trends in partnering, divorce, and lone parenthood are transitional. Recent data show a turn-around in the social gradients of family behavior with ever greater stability among high-educated, dual-career couples and, vice versa, more instability among the low-educated. This is likely to promote increased polarization in terms of children’s life chances. Accelerating the diffusion of the revolution of women’s roles downward should reverse this polarizing trend.
Presented by Maria Serena Palieri
The watershed of the thirty-fifth year traditionally divided life into two halves: in the first half, it was often claimed, parents helped their children; in the second half these roles were reversed. Family solidarity has established criteria for looking after family members and transmitting goods between generations. With the advent of the Welfare State the family has been relieved of many duties The recent financial crisis has shown how these social services are now in decline, sparking the rediscovery of the values of familial solidarity and the safeguarding of future generations.
Presented by Armando Massarenti
Samuel Bentolila, Susanna Camusso, Pietro Garibaldi and Christopher Pissarides discuss the findings of a wide sample survey. The results serve to understand the support that is there today for reforms capable of uniting the labour market and overcoming the divide between precarious workers and people with permanent contracts.
Organized by lavoce.info
Growing disparities in income pose new economic, social and political challenges. The generational fractures are increasingly pronounced owing to the limited possibilities for upward social mobility. Experiences in countries where social inequalities are marked, including in Italy, will be compared with the more virtuous experiences of the Nordic countries.
Fresh South-North migratory flows; the ‘demographic tsunami’; the lack of generational turnover; the social and economic marginality of the young: how can the foundations be laid for sustainable growth in a more equitable society?
Currently the dollar is the world's currency (the only true international and reserve currency), although there are widespread doubts about whether it can retain this status and, if not, what will replace it. This lecture uses economic history – looking backward across the generations – to shed light on the prospects, risks and implications.
Published by RCS
Published by Egea
Giving students a real possibility of choosing how to improve their university. Achieving a greater contribution to its cost from those who derive the most benefits, identifying new resources without weighing on the public accounts. Not letting the poor pay for the children of the rich to attend university.
Presented by Paola Pica
Over the past forty years income and wage inequality have increased markedly in the United States and United Kingdom. Less attention has been paid to trends in expenditure and consumption inequality. Yet the wellbeing of families and individuals depends on consumption and less directly on income. Living standards can remain unchanged even as income falls if families succeed in absorbing the negative shocks. Unfortunately, recent studies suggest that the rise in income inequality is being accompanied by an almost equal increase in consumption inequality.
Green Economy, Green City, Green Building, Green Jobs. Environmental sustainability is one response to the economic crisis, providing opportunities for intergenerational equity. Urban, energy and environmental renewal are the foundations on which to base the future prospects for growth.
Family ownership is a typical trait of Italian businesses. The transfer of control from one generation to another is a delicate operation. How can this event be made less traumatic? What models, if any, can be followed?
Organized by the Faculty of Economics of the University of Trento, the Italian Association of Family-Owned Businesses (AidAF), and the Association of Business Economists (GEI)
Like in Italy, temporary contracts have led to a dual labour market in Spain. This dualism has produced the current 50% youth unemployment rate and prevents young workers from having work careers. After a long sequence of ineffective, incremental labour market reforms, a single, permanent labour contract seems to be the only real solution to this acute problem, but its implementation is being blocked by a coalition of interests of employers, labour unions, and governments.
Presented by Carmen Santoro
Nowadays progress in health and longer life expectancy allow human beings to enjoy a much more active old age than ever before. In the United States, there is a lot of debate around the possibility of working well past sixty: this is seen as a way of ‘repaying’ to society what individuals have received in the course of their lifetime, but also of creating original economic initiatives through a ‘new diffuse social entrepreneurship’.
Presented by Pierangelo Giovanetti
Published by Il Mulino
In a historic phase in which the economic crisis is profoundly reshaping lifestyles, certainties and trust, how will the relationship between the new generations and the world of finance evolve?
The NDC schemes introduced in Italy and Sweden in the mid-1990s and subsequently in Latvia and Poland successfully weathered the economic and financial crisis. Other countries are now considering the adoption of a similar system, since it would provide a benchmark for the correct planning of life cycles in societies with aging populations. But some adjustments are necessary.
Presented by Roberto Petrini
A meditation on the relation between climate change and the current crisis of the hegemonic economic model, with an eye to future developments and the responsibility of choices that must orient a new economy, guaranteeing environmental sustainability for future generations.
What are the strategies for growth in an economy such as the Italian one, when fiscal and monetary levers can no longer be activated? Recipes and historical meditations.
There is one theme that is repeated in every single survey of schools, and that is Italy’s deficit in the education of its human capital, from the perspective both of quality (learning levels, competencies required by the world of industry) and equity (differences based on the social and cultural origins of families). The gap begins to form in lower-secondary schools and is amplified at higher-secondary level and at university. The economic and social cost is enormous and calls for urgent measures for the recruitment and education of teachers, the organization of schools, assessments and the definition of the subjects to be taught.
Presented by Simonetta Fiori
The social costs and future scenarios of the delays in the transition to adulthood of young Italians (and Europeans); from labour market transformations and inertia to the welfare system.
Presented by Oscar Giannino
Published by Editori Laterza
The most valuable thing we pass on to our children is human capital, but decision making in our schools prevents us from doing the best we can for them. We very often allow schools to make choices that benefit the adults in the schools to the detriment of students. These choices can have important implications for the future wellbeing of society.
Presented by Laura Strada
Sustainable agriculture integrates environmental protection, economic profitability, social and economic equity. Sustainable agriculture can be a field of application for another economy, understood as the production and exchange of goods, not subject to mechanisms of financial speculation, and universally equitable and sustainable, including for future generations.
Young Italians are becoming accustomed to multitasking. They are using more and more communication technologies and establishing relations through social networks. Facing them at the blackboards are increasingly elderly teachers, the majority of whom are female and from southern Italy. How do the intergenerational relations forged in schools influence the cultural and economic future of Italy?
Coordinated by Salvo Intravaia
Unlike most advanced economies, Italy’s public debt problem existed well before the crisis. Since 1991 the debt-to-GDP ratio has consistently been above 100%. What decisions on expenditure and revenue have brought about this situation and when were they taken? Public debt has since become a problem for all the advanced economies. What are the prospects for the future?
Presented by Andrea Fracasso
Published by Edizioni Ambiente
Who creates jobs? Small businesses, large businesses or young businesses? The conventional wisdom is that small businesses are the primary creators of jobs. The evidence shows instead that it is business start-ups and fast growing young businesses, which happen to be small, that disproportionately create jobs. Small, mature businesses tend to be net destroyers of jobs.
Presented by Dino Pesole
Young people risk paying the highest price for the crisis: unemployed, with no pension, and with a heavy debt burden, their future appears more like a threat than a promise. Can coop capitalism address these problems? In what does it consist?
Organized by the Cooperative Movement in Trentino
Presented by Luca Rigoni
Wealth is a stock of endowments and flows that expand over time – if – on the part of individuals, persons and society, there is a dynamism that favours an increase in wellbeing. A solid economic and financial culture from an early age is proof of the transfer of wellbeing between generations.
Alberto Bisin, Agar Brugiavini, Maria Cecilia Guerra, Chiara Saraceno and Antonio Schizzerotto discuss the results of a wide sample survey on the distribution of the burden of care of the dependent elderly. The results serve to understand the support that is there today for reforms extending state assistance for the care of the elderly, by imposing taxes on those who work.
Organized by lavoce.info
Published by Feltrinelli
Una testimonianza scritta di Giorgio Lunghini e Alberto Quadrio Curzio
As the eurozone crisis unfolds, mistakes matter, but so do expectations. And it is expectations that will decide in what direction Europe is headed, whether towards the collapse of the area and the single currency or its salvation. The problem is that expectations can also be generated by erroneous perceptions and still end up becoming reality. An original and unorthodox analysis of the economic situation by one of the great contemporary commentators and undisputed leaders of international finance.
Presented by Federico Fubini
This lecture examines the impact of globalization on individual life courses in modern societies from an international comparative perspective. It demonstrates that the globalization process has affected life course phases differently in various countries.
Presented by Stefano Feltri
Women’s work is strongly conditioned by the needs of the family, such as maternity leave and periods of assistance to children and parents. Paid leave can weigh on the economic results of women (including on pensions). Mothers (and fathers) encourage daughters to reproduce (by caring for the grandchildren) while daughters care for elderly mothers (and fathers and fathers-in-law...). The social state does not always help reconcile work with caring for the family.
Presented by Dario Laruffa
Discussed by Francesco Terreri
Published by Tecniche Nuove
A dialogue and a debate on two economic models. Can the growth economy guarantee survival beyond the crisis, or is a radical paradigm shift instead required in economic theory and practice?
Developed nations have spent the post-war era running take-as-you-go fiscal policies in which successive older generations take larger and larger resources from younger generations in the form of government pension and healthcare benefits. This transfer from youngsters to oldsters has been kept off the books by a careful choice of fiscal labels. As a consequence, countries like the United States face mountains of implicit liabilities that are obscured by molehills of official liabilities. This Ponzi Scheme is now coming to its inevitable and tragic end. There are too few young people earning far too little to cover the promises made to current and near-term retirees. The only way to avoid economic game over and secure our children's future is to adopt radical tax, pension, healthcare, and energy reforms and do so immediately.
Presented by Ferdinando Giugliano
Why do we have a tendency to postpone tasks such as saving for our retirement or for our children’s education? Evolutionary psychology and the study of birds’ and human behaviour can help us explain these phenomena.
Presented by Sandro Brusco
Discussed by Vittorio Giacopini
Published by Bollati Boringhieri
At what point is the revolution? On 19 February last, the cultural insert Domenica del Sole 24 Ore published a manifesto calling for ‘a Copernican revolution’ in the development-culture nexus, which had thousands of followers and sparked a national debate, earning the praise of President Giorgio Napolitano. Reactivating ‘the virtuous circle between learning, research, art, rights and work’ is the ambitious objective of the five points of the manifesto, which aim to promote human capital. Economists and scholars from the world of science and art take stock of the progress to date and examine what remains to be done.
Workers now nearing retirement face greater risks than any previous generations. We outline the three phases of retirement – accumulation, investment, and decumulation – and identify ways to better mitigate and manage the risks in each phase. Topics include financial literacy, a pension overview, and decumulation products.
Presented by Tobias Piller
Smart cities, smart citizens: what will cities (and territories) look like in the future? The transformation of the current landscape and a debate on how Internet and new ICT technologies can change lifestyles and interpersonal and intergenerational relations, both inside and outside cities.
What can we say, in light of the recessions in the past fifty years and of the Great Recession of 2008-09, about the generational profile of those who risk paying the highest price? What phases in the life cycle of individuals can be permanently scarred by a negative event, with knock-on and far-reaching consequences, for example, on their ability to generate revenue from employment? An analysis based on consumption, income, and financial difficulties in the lives of entire generations.
Presented by Giuliano Giubilei
Do the objects we consume everyday, those that surround us at home and in the workplace, the ones that tempt us from our TV and computer screens, have their own particular history? Can we speak about a ‘biography’ of objects, in a way that includes economic, cultural and social elements? If we think we can, then we can also talk about a genuine life cycle of products, which takes on a different meaning according to the moment: production, sales, utilization and finally ‘death’ – or better recycling, re-use or in any event transformation into something new.
Presented by Giorgio Zanchini
Topping the list of citizens’ worries is work: the jobs that aren’t there for those who look and can’t find them; the jobs that are lost for those who have or had one. But the greatest fears concern the future. Some 85% of Italians predict that their children will face worse conditions than the previous generations. Meanwhile Italy is divided among the many who have little and the few who have much. From the Report on Social and Economic Insecurity in Italy and Europe, published by Fondazione Unipolis, Demos&pi and Osservatorio di Pavia, emerges the evidence of how after years dominated by fears linked to common criminality the insecurity of individuals has regained its ‘social confines’.
Introduced by Alberto Faustini
Published by Marsilio Editori
There are two ways to become rich: through inheritance or through one’s own work. Some believe that the structure of modern economic growth has led to the rise of human capital, the decline of inheritance, and the triumph of meritocracy. This lecture asks a simple question: is this optimistic view of economic development justified empirically and well grounded theoretically? The simple answer is ‘no’. Our empirical and theoretical findings suggest that inherited wealth will most likely play as big a role in 21c capitalism as it did in 19c capitalism. This lecture will be based upon the following research, as well as on-going similar work on other countries, including the UK, the US, Germany and Italy.
Presented by Antonio Preziosi
Generational turnover is one of the most significant aspects of mafia power. Rituals and changes in the command style have emerged clearly in the major inquiries of recent years into the Mafia and ’ndrangheta, along with the growing role of women, both inside and outside the family.
Two magistrates at the front line in the fight against organized crime, first in Palermo and then in Reggio Calabria, together with an economist, reflect on the state of play today in one of the most decisive battles to unblock the economic and civil development of Italy.
Coordinated by Gaetano Savatteri
Who and how will our descendants be? Their life conditions will depend on various factors: expectations, social norms, economic situation, access to public services, social safety nets. On some of these aspects a comparison can be made between the various generations that succeeded one another, between those that are alive today and those who will be in the immediate future.
Presented by Matteo Ploner
Equitable and sustainable pensions can also be achieved through supplementary pensions, and not just by extending the working life. The projects of APG and those of PensPlan open up new prospects for subsidiarity.
Discussed by Cesare Vaciago
Published by Donzelli
Economic growth is assumed to be good for human wellbeing; and the case made for free markets is often that they will maximize growth. But recent research into determinants of human happiness questions whether growth should be the objective; and free markets in finance have clearly not delivered even the growth benefits promised. Adair Turner’s lecture will explore what economics can tell us both about desirable social objectives and about the means by which we pursue them. It will argue that while growth itself is not the primary objective, it is a likely result of other desirable aims, such as economic freedom. That alternative justification has, however, profound implications for important aspects of public policy.
Presented by Massimo Gaggi
The debate aims to learn more about the changes that the crisis and the new Government’s policies are introducing in the world of the self-employed and how these choices will affect the future of the upcoming generations of self-employed persons in Italy.
The family is the only place in which all the generations meet and where everyone feels as if they are part of a mobile and complex system of transfers. In recent years, not only have the contours of the family changed but also its traditional structure, since for economic, social and affective reasons, grandparents have been placed at the centre of the household geometry. A providential change and at the same time a risky one insofar as it tends to isolate the family from society, hindering the emancipation of children and creating new forms of dependency. All contradictions that merit identification and analysis.
Presented by Paolo Perazzolo
The debate proposes a reflection on and brief analysis of the policies aimed at promoting wellbeing in the various phases of the life cycle. The starting premise is that policies too can provide a platform for an exchange of views and the construction of intergenerational dialogue.
Michele Pellizzari, Nicola Sartor, Antonio Schizzerotto and Claudio Siciliotti discuss the results of a wide sample survey on the role of the family in the early stages of children’s professional careers. The results help us understand the support available today for reforms that liberalize the markets and reduce dynastic constraints in the labour market.
Organized by lavoce.info
Published by Castelvecchi
Published by Egea
This work studies the determinants of unplanned births and the long-run consequences on children of their births being unplanned in a developing country context. To shed light on this we study the Pope’s visit to Brazil in October 1991, which focused heavily on emphasizing that Catholic Church doctrine was against contraceptive use of any kind. We examine whether nine months after the Pope's visit a surprising number of children have been born, and then track the early life outcomes of this cohort of children such as their birth weight and whether they are breast fed.
Presented by Luca Rigoni
Reformulating the title of the film by Jean-Paul Jaud as a question serves to examine the issue of intergenerational transfers in the current economic crisis. The traditional economy is deaf to the reality of the Anthropocentric and is sacrificing the future generations by resorting to the expedient of a mystifying discounting tax. We must now leave the economy behind and build a society of deceleration.
Presented by Eric Jozsef
Published by Guanda
What I have in mind is to contrast what hopefully is a very slow recovery in the US labour market with what looks like a disaster in much of the EU, particularly in the south. The emphasis is on the different policies pursued in the two cases.
Spectators present at the events allow and authorise future use of any photographs taken and any film or audio sequences recorded.
at the front lineLive 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
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
for & againstFor & Against
the sole24ore meetings
meet the authors