The events of Saturday, 2 June, 2012
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.
Any admission charges for Festival fringe events are highlighted in the programme.
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
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