Tonia Mastrobuoni and Lars Feld present “Narrative Economics: How stories go viral & drive major economic events” by Robert Shiller
Narrations create imaginary expectations that shape the way in which economic agents plan their future. So in these times, it is important to understand how stories go viral and are transformed into genuine driving forces of economic events. Tonia Mastrobuoni, correspondent for La Repubblica in Germany, discusses the issues with Lars Feld, Economic Advisor to Chancellor Angela Merkel.
The concept of restarting has taken on a central role in the political narrative following the unprecedented interruption of business and social activities. However, from the economic point of view what does restarting really mean? What indicators can show us if the economy is starting up again? Will it be a fair process? We discuss the issues with Francesco Daveri, Professor of Macroeconomics and Director of the MBA at the SDA Bocconi School of Management.
In contrast with previous technology, the latest generation of machines equipped with artificial intelligence replaces many creative and manual jobs without creating new ones. Thus the future will probably see less work and more unemployment: how should all the economic and social implications be managed?
Will the effects of coronavirus and the need for social distancing increase the speed with which this transformation changes our way of working or not working? It may be helpful to listen to the Oxford University Professor’s lecture, to ask ourselves about the most effective ways of dealing with technological unemployment.
For some time now, market values have pervaded almost every aspect of our lives: health, education, art, sport, politics etc. Without realising it, we have drifted from having a market economy to being a market society, distorting personal relations in a very significant manner. How can we protect the moral and civil assets that money cannot buy?
The book chosen this week is “The Future of Capitalism” by Paul Collier (Editori Laterza, 2020). New and deep rifts are tearing apart the social fabric of western societies: thriving cities versus poor provinces, highly skilled elites versus the mass of less qualified workers, wealthy countries versus poor countries. Collier shows us why it is necessary to rethink the role of the state, business and the family in an “ethical” manner, to create a future for capitalism that does not leave anyone behind.
Discussion with the originators of Trento Festival of Economics and Professor Stefano Mancuso, one of the most internationally famous plant neurobiologists. What can the plant world teach us about how to respond to external shocks? How important are cooperation and clear communication for blocking the diffusion of new dangers in time?
Discussion with the Scientific Director of Trento Festival of Economics, Francesco Giavazzi, Full Professor of Political Economy at the Bocconi University, and Lucrezia Reichlin, Professor of Economics at London Business School.
The Polish philosopher and sociologist was one of the most illustrious guests at the first edition of the Festival in 2006. We present again his impassioned reflection on the health of Europe 15 years ago. According to Bauman, Europe’s force lay in the fact that it had created institutions aware of the variety of cultures and arts, making us capable of coexisting with others who are different. What would Bauman say if he could see Europe today? To what extent have we been capable of following the directions of the great mentor?
Social injustice is a widespread killer. Indeed, health depends not just on access to care, but on the nature of society. We can and must act. Coronavirus has further highlighted how health is not linked exclusively to access to care, but also to the political, environmental and economic choices of our society. Today we can listen to the lecture by the Professor of Epidemiology at University College in London with a new awareness, asking ourselves questions about the most suitable solutions for preventing social injustice.
The impact of automation and artificial intelligence on both developed and developing countries will be much greater than we think, with implications not just for economic policy but also for economic science and the very concept of “economics”. Has the coronavirus virus accelerated or slowed down the robot economy?
The huge flow of migrants to Europe in recent times has generated a cultural reaction against immigrants and the feeling that they are taking excessive advantage of the welfare state of richer countries. The discussion is frequently based not on real data but rather on stereotypes and incorrect information, often accentuated by anti-immigration and anti-globalisation parties. We dedicate the first of over 700 archive lectures available at the Festival web site to Prof. Alberto Alesina, who participated at several editions of the Festival (in 2006, 2009, 2011 and 2019) and who passed away prematurely on 24 May 2020.
With the European Commissioner for Economic Affairs, the Scientific Director of Trento Festival of Economics discusses the new instruments deployed by the European Community to respond to the coronavirus crisis: the ESM, Recovery Fund and the SURE initiative.
With the Company Director and Chairman of the Ec-S Committee of Experts, the Scientific Director of Trento Festival of Economics discusses the strategies to be deployed in Italy to restart the economy, so badly hit by the coronavirus crisis.
coordina: Regina KriegerThe Italian correspondent of Handelsblatt – the leading German newspaper on economics and finance – coordinates a discussion between the Scientific Director of the Festival of Economics and the French economist Jean Pisani-Ferry, Professor Emeritus of Economics and Public Management at the Hertie School in Berlin. The dialogue will focus on the economic measures deployed in Europe to support the countries hardest hit by the coronavirus crisis.