The events of Friday, 4 June, 2010
The central programme of the Festival, highlighted in a box, has been planned by the organisers together with the Scientific Coordinator. The joint programme is made up of meetings and events suggested to the organisers by publishers and other organisations, which take responsibility for them.
At events indicated with the symbol a simultaneous translation service is available.
Information regarding the programme, last minute changes, changes of venue in the event of rain or other circumstances and events suspended or cancelled is constantly updated at the site or may be requested at the information points, by telephoning the administration office (tel. 0461 260511).
Entrance is free until full capacity is reached
Media companies are platforms that must satisfy two types of demand; content for the public and advertising space for advertisers. This, in turn, has a major impact on the sector’s market structure and the diversification of content. It is against this background that the challenges posed to traditional information by the free press, pay-TV and web sites ought to be analyzed.
introduced by Andrea Bellavita
Casting a "net" means allowing the circulation of information and experience even in the most isolated and forgotten places around the world. If the Universal Declaration of Human Rights has established that access to education and participation in cultural and scientific life is a fundamental right, today an even more fundamental right is access to the web and its content.
organised by the Centro per la Formazione alla Solidarietà Internazionale di Trento
speaker Rudy Aernoudt
The Noisefromamerika collective
organised by Ancora del Mediterraneo
Privatization, deregulation and other pro-market reforms are often unpopular. Are economists just wrong (and these reforms really are welfare reducing), or is it that voters have been subject to populist propaganda by a biased media? A randomized field experiment in Argentina supplies some important insights into these questions.
introduced by Lucia Magi
We are increasingly reading and writing texts on media other than paper. How will forms of knowledge change if and when they are primarily conveyed via the web and digital media? And how will the publishing market evolve? These questions are discussed by an economist, a publisher and an expert in new media.
introduced by Stefano Salis
Comparison of the rules and values safeguarding the official and effective accuracy of accounting and financial information.
A panorama of the costs linked to the purchase of property: taxes, VAT, stamp duty, special terms for "first home" and notary fees.
To what extent does the media influence what voters know, what politicians do, and government policy? When the media is "captured" by politicians what effects does this have on the way they justify their actions to voters? What happens when the press is free, but supplies little political information?
introduced by Alessandra Sardoni
The international crisis raises important questions about the development model introduced in Western-Eastern Europe after 1989, the vulnerability of these economies and their ability to react to external shocks. Hungary and Poland: a comparison of two cases.
Many effective decisions can also be taken when information is scarce and cognitive abilities are limited. Cognitive limitations can paradoxically become advantageous when information is incomplete.
introduced by Luigi Mittone
The crisis of 1929 strucks Italy two years later, in 1931. The flight from bank deposits to post offices and the withdrawal of short-term deposits granted by foreign banks to the major Italian banks led to a state bail out and the creation of the Institute for Industrial Reconstruction (IRI). Then as now, Italy was hit by the international crisis in the midst of a recession. Are we facing another 1931?
introduced by Pierangelo Giovanetti
The privatization of Italy's flagship company became a national affair, even influencing the 2008 electoral campaign. Much of what was said at the time was divorced from reality. Information was limited. Almost two years down the road, with the help of the company that acquired it – CAI – and two economists who have studied developments in Italy’s strategic infrastructure projects, we will try to get to the heart of the Alitalia affair.
introduced by Marco Panara
Italy is very behind in terms of female representation, both in institutions and in businesses. And yet greater representation for women leads to increased income and better organisational health, as it is shown in a study by Valore D, an association of 35 major companies promoting an increase in the number of women at the top.
The explanations offered for the current economic crisis constantly refer to three concepts – trust, networks and contagion – which rarely feature in economic models. If we think about the players in the system – individuals, companies and banks – as subjects who interact constantly and much more "locally" than is thought, then perhaps ant and bee colonies can suggest some interesting models for analyzing modern times.
introduced by Frank Paul Weber
It is often said that without patents pharmaceutical companies would no longer be able to introduce new drugs and that without copyright books would no longer be published, music no longer broadcast and films no longer made. Is it true, then, that with weaker intellectual property rights and greater freedom to copy others, technological progress and artistic creativity would suffer? No, it is not self-evident that this is the case. Indeed, it is very likely that the opposite is true.
introduced by Anna Masera
A widespread lack of financial knowledge leads to negative consequences in relation to the economic choices of individuals. The recent establishing of a high school focusing on economic and social subjects is an interesting step forwards.
In collaboration with young entrepreneurs from Trentino
The public can meet the Festival speakers at the bar.
American banks were the first to go into crisis, bringing the entire financial system with them. A great deal of criticism has centred on the lack of information by Wall Street players. Europe went into recession later but here too the crisis of the real economy is generating unemployment and a decline in consumption. The managing director and CEO of Intesa Sanpaolo analyzes the differences between Italy's economic system and that of the countries most similar to it, as well as the choices necessary for a return to growth.
introduced by Jennifer Clark
Content, checks, guarantees and costs safeguarding both parties participating in the sale of property.
Households and firms have a limited capacity to process information on the behaviour of economic aggregates. This means that prices, investments, employment and other macroeconomic variables only respond to shocks of a certain gravity and when they evolve, the variations are anything but marginal. Many economic phenomena can be explained in this way.
introduced by Eric Jozsef
Traditional newspapers are struggling to survive, while news is increasingly distributed via the internet. To what extent does the retreat of traditional newspapers influence the democratic debate? From the United States to the United Kingdom, and from China to Italy, the transformation of the media is casting fresh doubt on the relationship between the fourth power and political and economic power, and ultimately on the very freedom of the press.
introduced by Enrico Franceschini
The Great Crisis also brought many companies in Italy subjected to aggressive leverage buyout operations to their knees, also bringing private equity funds and the use of leverage under accusation. Thanks to funds, many Italian companies have grown and become more transparent and credible, as well as bigger and more competitive. What is the balance to date?
What are the differences between TV journalism in Italy and that in other countries? How is politics dealt with on TV? What is the information content of talk shows compared with investigative journalism? How did the media behave and how should they have behaved during the crisis? Experts and leading names in Italian and foreign media exchange ideas.
coordinated by Beppe Severgnini
Spectators present at the events allow and authorise future use of any photographs taken and any film or audio sequences recorded.
at the frontierLive 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
witnesses of timeIntellectual experiences, life choices and first hand stories recounted in person by those who have experienced them
true or falseWhen one tries to distinguish the true from the false, one often tries to compare the facts with opinions, distinguishing data from interpretations. Is this always possible? The fifth edition of the Festival of Economics offers a new format, following the success of the "trials" in 2009. Once again this year a jury of students will listen to the reasons behind the "true" and the "false" in relation to the cost of policy for climate change, the "immigration means crime" equation and the effective danger of the last flu epidemic and will issue a motivated judgement on the basis of the reasoning behind the "true" or the "false".
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