The events of Saturday, 5 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
In India compulsory schooling has only been considered a priority in the past 7-8 years. It is not just a question of infrastructure. Recruitment systems for teachers, career paths and even school inspections are strongly influenced by trade unions and politics, whereas incentives to improve the quality of education are limited and those in favour of innovation even more so. What can be done to improve incentives?
introduced by Antonella Rampino
Many economic relationships are characterized by asymmetric information, namely by the fact that one party is privy to better information than the other. This situation often occurs in the credit, insurance and job markets. The presence of asymmetric information creates distortions, producing inefficiencies and a decline in wellbeing. Why is it that Adam Smith's invisible hand cannot operate when there is asymmetric information and what instruments can mitigate the inefficiencies it generates?
introduced by Matteo Ploner
2010 is the year of biodiversity. The management and use of collective property along with conservation of natural values and biodiversity over time may offer a model for the economy.
How do we make decisions? In order to decide using our common sense we require information. First, we must weigh this information, next, arrange it in terms of relevance, and lastly, assess the possible consequences of a given decision. The speaker examines the contribution of cognitive neuroscience to understanding decision-making processes in economic, social and moral contexts.
introduced by Armando Massarenti
For the first time, Ilvo Diamanti presents the data from the European monitoring unit on law and order, a joint initiative of Demos, the Pavia monitoring unit and Fondazione Unipolis. The data concerns perceptions of crime and law and order in Italy, Germany, France, Spain and other European countries, compared with the actual statistics on crime. The presentation will be followed by a discussion with Gian Antonio Stella.
introduced by Alberto Faustini
New forms of protection for those wishing to purchase a house in construction, on paper or unfinished.
The global financial crisis and the ensuing recession have revealed the shortcomings of financial regulation and monetary policies, but also of the economic and financial theories underpinning regulatory systems. The resulting problems can be traced back to three major areas: information, instability and incentives. Rather than trying to establish fixed rules of conduct, which have already proved ineffective, it is better to understand and attempt to govern the forces influencing behaviour.
introduced by Giorgio Fodor
The recent crisis has accentuated problems of trust between banks and borrowers. Cooperative credit has traditionally overcome these difficulties thanks to a continuous presence and close link with the area. The event is intended to illustrate and discuss some aspects of this phenomenon.
Is it time to subject the development model based on growth and the market to serious discussion?
The practice of democracy must be based on a "shared knowledge", on the recognition of the major problems afflicting a nation. In Italy, instead, statistics are often challenged as soon as they fail to confirm the ideas of the politician of the day. How can we improve the quality of statistics, the independence of Italy’s National Institute of Statistics (Istat) and the awareness of citizens? How can Italy, as happens elsewhere, launch bipartisan initiatives to monitor the country’s situation based on a limited number of statistical indicators? An expert in applied economics and an economist close to policy-makers discuss the matter with the President of Istat.
introduced by Enrico Franco
Italians have on average a limited knowledge of financial phenomena. The world of information is increasingly called upon to contribute towards correcting this problem, while new channels of information increase the possibility of disseminating knowledge.
In perceptions of immigration and attitudes towards immigrants the differences between and among countries are only partly explained by the economic effects of immigration; what happens to wages for example, or work for locals? What instead appears to count is widespread perceptions regarding the cultural and religious differences of immigrants with respect to the native population.
introduced by Corrado Giustiniani
The nature of the financial crisis is also a consequence of the poor and unclear information given to savers. Socially responsible investments are a concrete tool for encouraging a different attitude, paying attention to the social and environmental dimension, without sacrificing the economic aspect.
The role of call centres is destined to increase in society. The relationship between companies and clients, institutions and citizens, will increasingly take place through the expression of needs and responses on the telephone. However, is the image of the call centre as a place of intensive exploitation of unqualified manpower, reflected by successful books and films, actually true? The debate organised by "Il Diario del Lavoro" offers an opportunity to reflect.
The government of Bhutan has decided to substitute certain GDP indicators with measurements of happiness as perceived by its inhabitants. A dialogue between an economist and the Prime Minister of Bhutan on the pros and cons of this decision in terms of the quality of happiness measurements, the implications for economic policy and for democracy.
introduced by Federico Fubini
How important are economic web sites in shaping public policy? How can they survive while safeguarding their independence? The founder of Marginal Revolution discusses the question with other regulars on the web sites dedicated to economic information and debate that have sprung up in the last few years.
introduced by Stefano Feltri
organised by Mondadori
discussed by Alessandro Rosina
A survey of 50,000 articles published in the "Lavoro di Genova", "Avanti" and the "Popolo d’Italia", in the period between 1919 and 1922, shows how the representation of violence and the structure of social relations changed depending on how the players, actions and relevant themes were portrayed. Statistical analysis structured around the use of networking models, combined with observation of the geographic information system (GIS) illustrates the impact of information on the perception of social phenomena.
introduced by Giuliano Giubilei
For the Mafia and other illegal powers information is essential: in a world where threats are ever-present, an ill-advised gesture is enough to trigger a war. Trust between criminals is as rare as it is important for cooperating in illegal activities. How can criminals achieve reliability? By using the skeletons in their own closets, revealing their ill-doings of their own accord to leave themselves vulnerable to blackmail. A surprising but widespread practice among the Mafia, paedophiles and corrupt politicians.
introduced by Dario Laruffa
In collaboration with young entrepreneurs from Trentino
The public can meet the Festival speakers at the bar.
The hesitant reforms of financial markets launched after the crisis continue to safeguard the position of the major banks, which had a central role in sparking off the crisis. Not only are they too big to fail, but above all they are too powerful to be penalized by the reforms needed to ward off a new crisis. What can be done to counter the power of Wall Street?
introduced by Stefano Lepri
Finding a way through the maze of interest rates, guarantees, mortgages, early payment of the debt and portability, in order to safeguard savings.
Nowadays the production and dissemination of information are entrusted to private companies and media markets. The fate of pluralism depends on them. In many democratic countries there is an increasing concentration both of television and newspapers, driven by competitive processes between media operators. Ownership of the means of information is often used by governments as a political bargaining counter. How can the regulation of the media reconcile the market and pluralism?
introduced by Massimo Sideri
The internet has multiplied the quantity of data available exponentially, to the extent that eliminating excess information has become a priority, filtering rather than searching for it. Google is currently the most powerful of these filters. It is Google that organizes and creates a hierarchy of information for us (including for books and news), playing a key role in guiding our choices. An expert in collective behaviour and new media discusses the question with a manager from Google.
Is it still possible for a journalist to act as a "watch dog" with respect to power? In her television programme Report, Milena Gabanelli – with limited resources and overcoming countless difficulties – has carried out investigations which have been a thorn in the side of powerful political and economic figures for many years. But with what results? How many obstacles to transparency are erected by powers that all too often seek publicity but not information?
introduced by Miguel Mora
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