{"id":101236,"date":"2024-09-03T09:42:32","date_gmt":"2024-09-03T08:42:32","guid":{"rendered":"https:\/\/www.fondazionepirelli.org\/uncategorized\/lessenziale-in-economia\/"},"modified":"2024-09-06T16:48:45","modified_gmt":"2024-09-06T15:48:45","slug":"the-essentials-of-economics","status":"publish","type":"post","link":"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/","title":{"rendered":"The essentials of economics"},"content":{"rendered":"

A speech by the Governor of the Bank of Italy offers valuable insights to enhance our understanding of the environment in which businesses operate<\/em><\/p>

In economics, as well as in business, it is crucial to assess what is truly essential. This applies to economic and production decisions, markets, labour relations, production organisations and communities.\u00a0\u00a0 The Governor of the Bank of Italy, Fabio Panetta, recently delved into this multifaceted and intricate subject in his address at the 2024 Rimini Meeting.<\/p>\n

Panetta took the opportunity to reflect on the importance of simplicity in economics and business, with a particular focus on the context of Europe, and subsequently, Italy. He begins by summarising the historical events that culminated in the formation of a united Europe, emphasising especially the aspiration to preserve peace on the continent \u2013 a condition that remains crucial even today.\u00a0 He then recalls how Europe has provided an array of crucial advantages, not only in the strict economic sense but also in a wider social and human context.<\/p>\n

However, Panetta adds that \u201c[t]he European project is now facing both internal and external challenges that put its resilience and cohesion to the test.\u201d The shifts occurring in the economy and the global landscape, including wars and trade relations, require a reassessment of the conditions for European unity and a revival of its foundational principles.<\/p>\n

Panetta highlights a route forward, one that focuses on fortifying Europe and its foundational pillars: a journey where cohesion and growth are goals to be actively and resolutely chased, considering specific measures that the Governor deems important.<\/p>\n

He looks at subjects such as demography and employment, as well as productivity and technology, which are the battlegrounds where Europe’s future will be determined, and within them, the concept of what is truly \u2018essential\u2019 comes back to the fore.<\/p>\n

Even so, the Governor goes beyond merely asking what is essential for Europe and Italy. His message emphasises the importance of prudence and wisdom in managing public finances, as well as the need to enhance productivity, which in turn will lead to growth. The concept of an unassailable balance is put forward as the pivot point to secure a future for Europe.<\/p>\n

The Governor of the Bank of Italy’s address offers a concise and valuable overview that is beneficial not only for business professionals but also for anyone seeking a deeper understanding of current economic and social developments.<\/p>

45a edizione del Meeting per l\u2019amicizia tra i popoli<\/strong><\/p>\n

Se non siamo alla ricerca dell\u2019essenziale, allora cosa cerchiamo?<\/strong><\/a><\/p>\n

(45th Meeting for Friendship Among Peoples<\/strong><\/em><\/p>\n

If we are not after the essence, then what are we after?)<\/strong><\/em><\/p>\n

Speech by Fabio Panetta, Governor of the Bank of Italy<\/p>\n

Rimini, 21 August 2024<\/p>\n","protected":false},"excerpt":{"rendered":"

A speech by the Governor of the Bank of Italy offers valuable insights to enhance our understanding of the environment in which businesses operateIn economics, as well as in business, it is crucial to assess what is truly essential. This applies to economic and production decisions, markets, labour relations, production organisations and communities.\u00a0\u00a0 The Governor […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,57],"tags":[],"class_list":["post-101236","post","type-post","status-publish","format-standard","hentry","category-corporate-culture","category-insights"],"acf":[],"yoast_head":"\nThe essentials of economics - Fondazione Pirelli<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The essentials of economics - Fondazione Pirelli\" \/>\n<meta property=\"og:description\" content=\"A speech by the Governor of the Bank of Italy offers valuable insights to enhance our understanding of the environment in which businesses operateIn economics, as well as in business, it is crucial to assess what is truly essential. This applies to economic and production decisions, markets, labour relations, production organisations and communities.\u00a0\u00a0 The Governor […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/\" \/>\n<meta property=\"og:site_name\" content=\"Fondazione Pirelli\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-03T08:42:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-06T15:48:45+00:00\" \/>\n<meta name=\"author\" content=\"fondadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"fondadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/\",\"url\":\"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/\",\"name\":\"The essentials of economics - Fondazione Pirelli\",\"isPartOf\":{\"@id\":\"https:\/\/www.fondazionepirelli.org\/it\/#website\"},\"datePublished\":\"2024-09-03T08:42:32+00:00\",\"dateModified\":\"2024-09-06T15:48:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.fondazionepirelli.org\/it\/#\/schema\/person\/f47d097000832c4a6e54538c791fdf25\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fondazionepirelli.org\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The essentials of economics\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fondazionepirelli.org\/it\/#website\",\"url\":\"https:\/\/www.fondazionepirelli.org\/it\/\",\"name\":\"Fondazione Pirelli\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fondazionepirelli.org\/it\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fondazionepirelli.org\/it\/#\/schema\/person\/f47d097000832c4a6e54538c791fdf25\",\"name\":\"fondadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fondazionepirelli.org\/it\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e69498a9175ca244966e51e53c88712c024fcebe41f9a05f75657f1bb25e489b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e69498a9175ca244966e51e53c88712c024fcebe41f9a05f75657f1bb25e489b?s=96&d=mm&r=g\",\"caption\":\"fondadmin\"},\"url\":\"https:\/\/www.fondazionepirelli.org\/en\/author\/fondadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The essentials of economics - Fondazione Pirelli","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/","og_locale":"en_US","og_type":"article","og_title":"The essentials of economics - Fondazione Pirelli","og_description":"A speech by the Governor of the Bank of Italy offers valuable insights to enhance our understanding of the environment in which businesses operateIn economics, as well as in business, it is crucial to assess what is truly essential. This applies to economic and production decisions, markets, labour relations, production organisations and communities.\u00a0\u00a0 The Governor […]","og_url":"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/","og_site_name":"Fondazione Pirelli","article_published_time":"2024-09-03T08:42:32+00:00","article_modified_time":"2024-09-06T15:48:45+00:00","author":"fondadmin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"fondadmin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/","url":"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/","name":"The essentials of economics - Fondazione Pirelli","isPartOf":{"@id":"https:\/\/www.fondazionepirelli.org\/it\/#website"},"datePublished":"2024-09-03T08:42:32+00:00","dateModified":"2024-09-06T15:48:45+00:00","author":{"@id":"https:\/\/www.fondazionepirelli.org\/it\/#\/schema\/person\/f47d097000832c4a6e54538c791fdf25"},"breadcrumb":{"@id":"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/the-essentials-of-economics\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fondazionepirelli.org\/en\/"},{"@type":"ListItem","position":2,"name":"The essentials of economics"}]},{"@type":"WebSite","@id":"https:\/\/www.fondazionepirelli.org\/it\/#website","url":"https:\/\/www.fondazionepirelli.org\/it\/","name":"Fondazione Pirelli","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fondazionepirelli.org\/it\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.fondazionepirelli.org\/it\/#\/schema\/person\/f47d097000832c4a6e54538c791fdf25","name":"fondadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fondazionepirelli.org\/it\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e69498a9175ca244966e51e53c88712c024fcebe41f9a05f75657f1bb25e489b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e69498a9175ca244966e51e53c88712c024fcebe41f9a05f75657f1bb25e489b?s=96&d=mm&r=g","caption":"fondadmin"},"url":"https:\/\/www.fondazionepirelli.org\/en\/author\/fondadmin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.fondazionepirelli.org\/en\/wp-json\/wp\/v2\/posts\/101236\/"}],"collection":[{"href":"https:\/\/www.fondazionepirelli.org\/en\/wp-json\/wp\/v2\/posts\/"}],"about":[{"href":"https:\/\/www.fondazionepirelli.org\/en\/wp-json\/wp\/v2\/types\/post\/"}],"author":[{"embeddable":true,"href":"https:\/\/www.fondazionepirelli.org\/en\/wp-json\/wp\/v2\/users\/1\/"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fondazionepirelli.org\/en\/wp-json\/wp\/v2\/comments\/?post=101236"}],"version-history":[{"count":2,"href":"https:\/\/www.fondazionepirelli.org\/en\/wp-json\/wp\/v2\/posts\/101236\/revisions\/"}],"predecessor-version":[{"id":101238,"href":"https:\/\/www.fondazionepirelli.org\/en\/wp-json\/wp\/v2\/posts\/101236\/revisions\/101238\/"}],"wp:attachment":[{"href":"https:\/\/www.fondazionepirelli.org\/en\/wp-json\/wp\/v2\/media\/?parent=101236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fondazionepirelli.org\/en\/wp-json\/wp\/v2\/categories\/?post=101236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fondazionepirelli.org\/en\/wp-json\/wp\/v2\/tags\/?post=101236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}