"Italian day" - part 2


Second lecturer during day 5 was dr Pasquale Tridico, University of Rome. He presented his own paper on the implications of the crisis on the labour market. There was a heated debate touching some bold statements in presented paper. Tridico prepared an indicator "Crisis Management Index" that was important in the process of explaining main sources of crisis or rather explaining sources of resilience to the crisis. Tridico deliberately and consciously held the position other than the mainstream. He was proving that labour market flexibility is harmful for economy. Main policy suggestions were focusing on the labour market problems and uneven distribution of income. Several times he also emphasized that economics is a social science and therefore can not rely exclusively on econometrics. Some methodological issues have been raised when some doubts rose but overall everybody was satisfied with this intellectually stimulating meeting. The last words of Tridico was invitation to the annual conference of European Association for Evolutionary Political Economy that will be held in Kraków on 18-21 October 2012. After such passionate speech, definitely this conference became more interesting for the participants.