Università Roma Tre

THE COURSE IS DIVIDED IN THREE PARTS

PART 1. THE CONTRIBUTION OF ECONOMICS AND ETHICS TO THE EVALUATION OF THE MARKET
Justifications of the market: a) efficiency (the central value of welfare economics); b) freedom; c) merit and d) positive consequences of the markets (trickle down, "civilization of custom"....). Implications for market design (do we need competition? )

Criticisms: a) the ethical limits of efficiency; b) the "partiality" of market freedoms and the weight of power; c) the limits of the meritocratic justification and d) negative consequences of the markets (commodification, corruption of non-market values ... ..). Implications for market design.

The notion of trade-off between efficiency and justice

PART 2. CAN WE JUSTIFY CURRENT MARKET INEQUALITIES?
Some premises: a) alternative definitions and measurements of poverty and inequality; b) trends in market inequalities in the main OECD countries with a focus on the USA and Italy.
Evaluation of market inequalities: a) the process dimension (the role of globalization, technological change, financialization, changes in the structure and governance of companies, labor market deregulation); b) the consequences of market inequalities.

PART 3. PRESENTATION OF CASE-STUDIES CHOSEN BY THE STUDENTS
Examples of case-study include the assessment of
- different schemes of anti-trust intervention and different regimes of intellectual property rights
- different pro-competitive/quasi-market schemes within the public sector
- different minimum income schemes vs. basic income
- the deregulation of the labor market
- the creation of environmental markets
- the extension of competition in the European Union
(other topics, again for illustrative purposes only, include: the commons as an alternative to market supply? The desirability of salary caps?"

FOR THE STUDENTS ATTENDING THE COURSE
CHAPTER 2, 3, M. FRANZINI, E. GRANAGLIA, M. RAITANO DOBBIAMO PREOCCUPARCI DEI RICCHI, 2016 Il Mulino, Bologna.
CHAPTER 1, 2, 3, E. GRANAGLIA, EFFICIENZA E EQUITA' NELLE POLITICHE PUBBLICHE,1988 ANGELI, MILANO
CAPITOLI 2, 3 (until p. 105). M. BALDINI, S. TOSO, DISUGUAGLIANZA, POVERTA' E POLITICHE PUBBLICHE, 2004, Il Mulino, Bologna
ADDITIONAL GRAPHS ON THE DEVELOPMENT MARKET INEQUALITY AND POVERTY WILL BE ACCESSIBLE IN THE E-LEARNING SITE.

FOR THE STUDENTS NOT ATTENDING THE COURSE
CHAPTER 2, 3, M. FRANZINI, E. GRANAGLIA, M. RAITANO DOBBIAMO PREOCCUPARCI DEI RICCHI, 2016 Il Mulino, Bologna
CHAPTER 2, 3, A. SEN, ETICA E ECONOMIA, 2019 Laterza, Bari
M. FRANZINI, M. PIANTA, DISUGUAGLIANZE: QUANTE SONO, COME COMBATTERLE, 2016, Laterza, BarI
CHAPTER 2, 3 (until p. 105), M. BALDINI, S. TOSO, DISUGUAGLIANZA, POVERTA' E POLITICHE PUBBLICHE, 2004, Il Mulino, Bologna.