This new book by two distinguished Italian economists is a highly original contribution to our understanding of the origins and aftermath of the financial crisis. The authors show that the recent financial crisis cannot be understood simply as a malfunctioning in the subprime mortgage market: rather, it is rooted in a much more fundamental transformation, taking place over an extended time period, in the very nature of finance. The ‘end’ or purpose of finance is to be found in the social institutions by which the making and acceptance of promises of payment are made possible - that is, the creation and cancellation of debt contracts within a specified time frame. Amato and Fantacci argue that developments in the modern financial system by which debts are securitized has endangered this fundamental credit/debt structure. The illusion has been created that debts are universally liquid in the sense that they need not be redeemed but can be continually sold on in increasingly extensive global markets. What appears to have reduced the riskiness of default for individual agents has in fact increased the fragility of the system as a whole. The authors trace the origins of this profound transformation backwards in time, not just to the neoliberal reforms of the 1980s and 90s but to the birth of capitalist finance in the mercantile networks of the sixteenth and seventeenth centuries. This long historical perspective and deep analysis of the nature of finance enables the authors to tackle the challenges we face today in a fresh way - not simply by tinkering with existing mechanisms, but rather by asking the more profound question of how institutions might be devised in which finance could fulfil its essential functions.
This new book by two leading economists is a far-reaching analysis of the role and organization of the financial system in the aftermath of the economic crisis. The authors argue that the financial markets, as currently organized, hinder genuine market transactions and therefore harm the economy, along with any chance of sustained recovery. Despite the crisis, the power of the financial markets has continued to grow. Far from being subjected to major restructuring or regulation, they continue to rule largely unchecked - laying down economic policies, deposing governments, disrupting social contracts and reshaping international alliances. The time has come to think through more radical proposals for reform - to save other markets from the overwhelming power of the one market that has come to dominate them all, the financial market. Through a detailed examination of specific measures - from policies aimed at reigning in financial markets to the idea of local currencies that could be used to foster economic development within localities and regions - the authors develop a set of proposals that would help to revitalize markets, free them from the domineering power of finance and re-establish the relationship between creditor and debtor that was severed by the rise of the modern financial system. Building on their very successful work The End of Finance, this new and timely book will appeal to students of economics, politics and sociology as well as to general readers interested in one of the key issues of our time.
This new book by two leading economists is a far-reaching analysis of the role and organization of the financial system in the aftermath of the economic crisis. The authors argue that the financial markets, as currently organized, hinder genuine market transactions and therefore harm the economy, along with any chance of sustained recovery. Despite the crisis, the power of the financial markets has continued to grow. Far from being subjected to major restructuring or regulation, they continue to rule largely unchecked - laying down economic policies, deposing governments, disrupting social contracts and reshaping international alliances. The time has come to think through more radical proposals for reform - to save other markets from the overwhelming power of the one market that has come to dominate them all, the financial market. Through a detailed examination of specific measures - from policies aimed at reigning in financial markets to the idea of local currencies that could be used to foster economic development within localities and regions - the authors develop a set of proposals that would help to revitalize markets, free them from the domineering power of finance and re-establish the relationship between creditor and debtor that was severed by the rise of the modern financial system. Building on their very successful work The End of Finance, this new and timely book will appeal to students of economics, politics and sociology as well as to general readers interested in one of the key issues of our time.
This new book by two distinguished Italian economists is a highly original contribution to our understanding of the origins and aftermath of the financial crisis. The authors show that the recent financial crisis cannot be understood simply as a malfunctioning in the subprime mortgage market: rather, it is rooted in a much more fundamental transformation, taking place over an extended time period, in the very nature of finance. The ‘end’ or purpose of finance is to be found in the social institutions by which the making and acceptance of promises of payment are made possible - that is, the creation and cancellation of debt contracts within a specified time frame. Amato and Fantacci argue that developments in the modern financial system by which debts are securitized has endangered this fundamental credit/debt structure. The illusion has been created that debts are universally liquid in the sense that they need not be redeemed but can be continually sold on in increasingly extensive global markets. What appears to have reduced the riskiness of default for individual agents has in fact increased the fragility of the system as a whole. The authors trace the origins of this profound transformation backwards in time, not just to the neoliberal reforms of the 1980s and 90s but to the birth of capitalist finance in the mercantile networks of the sixteenth and seventeenth centuries. This long historical perspective and deep analysis of the nature of finance enables the authors to tackle the challenges we face today in a fresh way - not simply by tinkering with existing mechanisms, but rather by asking the more profound question of how institutions might be devised in which finance could fulfil its essential functions.
This book provides cutting-edge information on the epidemiology, etiopathogenesis, clinical manifestations, diagnostic procedures and treatment approaches for the main white matter (WM) disorders of the central nervous system (CNS). WM lesions are associated with many neurological conditions, and with aging. The diagnostic work-up of neurological diseases characterized by the presence of these lesions has changed dramatically over the past few years. This is mainly due on the one hand to the discovery of specific pathogenetic factors in some of these conditions, and on the order to the optimized use of diagnostic tools. All of this has resulted in new diagnostic algorithms, and in the identification of new neurological conditions. The book offers neurologists essential guidance in the diagnosis and treatment of the most frequent WM conditions, promoting their correct and cost-saving diagnosis and management. By integrating neurological, laboratory and imaging concepts with the demands of accurate diagnosis, this reference guide provides a state-of-the-art overview of the current state of knowledge on these conditions, as well as practical guidelines for their diagnosis and treatment.
`In the world of Dante scholarship, there is a real need for studies such as The Poetics of Dante's Paradiso, which challenge our notions of the principal souls of the Paradiso. Rooted in a close analysis of the poem, Massimo Verdicchio's intelligent interpretation is supported by relevant textual evidence and provides an important counterpoint to the canonical readings of the cantica. Traditional readings of Dante's Paradiso have largely considered this third cantica of the Commedia as a poem apart. It deals with those blessed souls in Paradise who are free of sin and beyond punishment, in contrast to the sinners in the previous two cantica, and is thus no longer based on the principle of contrapasso. At the literal level this is true in that all the characters one encounters are either those who have been saved, religious leaders, or saints. However, at the allegorical level, as Massimo Verdicchio argues in The Poetics of Dante's Paradiso, the blessed souls still have something to hide, something shameful in their past earthly life, which is revealed nonetheless. In this book, Verdicchio provides a canto-by-canto analysis of Paradiso. He maintains that the cantica can allegorically be seen as a commentary on the political and religious establishment, framed as the punitive action of the DXV announced at the end of Purgatorio, denouncing the illicit and destructive alliance between the House of Anjou and the Church. Verdicchio focuses on the relationship that Dante establishes among the ten heavens, into which the poet divides the cantica and their equivalent in the Arts and Sciences of the Trivium and Quadrivium, as outlined in the Convivio. This approach provides the key to interpreting the cantos and the discourse of the inhabitants of Paradise who appear, on the surface, blameless. However, it is the earthly and human side of the blessed souls that captures Dante's attention, and this dichotomy is revealed in his characterization of the heavens. Poetic allegory and irony are the two principal modes of this cantica, and the source of much of its comedic complexity. As one of the characters puts it, in Heaven `we do not repent but we smile.' A highly original and comprehensive reading, The Poetics of Dante's Paradiso demonstrates that the intricacies of Dante's text reveal subversive undercurrents and a subtle irony, employed to deliver a critique of the Church and Empire of his own time.
This book presents an innovative exploration of the rise of political forces that have coalesced around the anti-gender movement, shaping strategies that advocate novel intersections of religion, politicization of gender and sexuality, and radical and populist rejuvenation of conservative ideologies. Through an extensive examination of activist discourses and mobilizations, the author offers a comprehensive political analysis of anti-gender mobilization, encompassing a multidimensional examination of religious, activist, and political opportunity structures. This study unveils three distinct facets characterizing these emerging (Catholic) movements: their relative autonomy from the Church (extra-ecclesiastical), their divergence from conventional religious frameworks (extra-Catholic), and their party-political alignment within the far-right area. The author proposes a new perspective on this burgeoning Catholic cause, contextualizing it within the transnational dynamics underscored by the existing literature. Particularly noteworthy is the scrutiny of internal reshaping within the Italian political Catholicism realm between the 1990s and the 2000s set against the backdrop of the dissolution of the Christian Democratic Party. Through the lens of the Italian landscape, this study extends its analysis to offer broader insights into the contemporary political uses of religion within democracies, along with contentious issues arising from gender and sexuality debates, transcending the confines of the Italian context. This book holds significant relevance for scholars and students engaged in gender studies, religious studies, social movements, populism, political science, political sociology, political history, and Italian studies.
Using the Enel case, this volume unpacks the effective implementation of an ambidextrous perspective on adaptation and change, providing some key lessons for managers and scholars. It begins by exploring Enel's recent history, before mapping the steps of a remarkable transition from public monopolist to a successful transnational group.
The author begins by defining phenotypic plasticity and detailing its history, including important experiments and methods of statistical and graphical analysis. He then provides extended examples and discussion of the molecular basis of plasticity, the plasticity of development, the ecology of plastic responses, and the role of costs and constraints in the evolution of plasticity. A brief epilogue looks at how plasticity studies shed light on the nature/nurture debate in the popular media.".
The collection of essays presented here examines the links forged through the ages between the realm of law and the expressions of the humanistic culture.We collected thirty-five essays by international scholars and organized them into sections of ten chapters based around ten different themes. Two main perspectives emerged: in some articles the topic relates to the conventional approach of law and/in humanities (iconography, literature, architecture, cinema, music), other articles are about more traditional connections between fields of knowledge (in particular, philosophy, political experiences, didactics).We decided not to confine authors to one particular methodological framework, preferring instead to promote historiographical openness. Our intention was to create a patchwork of different approaches, with each article drawing on a different area of culture to provide a new angle to the history being told. The variety of authorial nationalities gives the collection a multicultural character and the breadth of the chronological period it deals with from antiquity to the contemporary age adds further depth of insight.As the element that unites the collection is historiographical interpretation, we wanted to bring to the fore its historical depth. Thus for every chapter we organized the articles in chronological order according to the historical context covered.Looking at the final outcome, it was interesting to learn that more often than not the connection between law and humanities is not simply a relation between a specific branch of the law and a single field of the humanities, but rather a relation that could be developed in many directions at once, involving different fields of knowledge, and of arts and popular culture.We are grateful to Luigi Lacchè for his contribution to this collection. His essay outlines the coordinates of the law and humanities world, laying out the instruments necessary for an understanding of the origins of a complex methodology and the different approaches that exist within it.This project is the result of discussions that took place during the XXIII Forum of the Association of Young Legal Historians held in Naples in the spring of 2017. The book was made possible thanks to the advice and support of Cristina Vano.The Editors
The therapeutic era for MS has begun, and many new, potentially effective treatments are now available. MRI offers a range of techniques which are more reliable and sensitive than any other available approach in detecting brain and spinal cord abnormalities, monitoring their evolution, and providing in vivo information about heterogenous pathological substrates of the MS lesions. Readers will find this volume a valuable summary of the state-of- the art, as well as a useful reference text from which to plan future clinical trials in MS.
A forgotten episode of mathematical resistance reveals the rise of modern mathematics and its cornerstone, mathematical purity, as political phenomena. The nineteenth century opened with a major shift in European mathematics, and in the Kingdom of Naples, this occurred earlier than elsewhere. Between 1790 and 1830 its leading scientific institutions rejected as untrustworthy the “very modern mathematics” of French analysis and in its place consolidated, legitimated, and put to work a different mathematical culture. The Neapolitan mathematical resistance was a complete reorientation of mathematical practice. Over the unrestricted manipulation and application of algebraic algorithms, Neapolitan mathematicians called for a return to Greek-style geometry and the preeminence of pure mathematics. For all their apparent backwardness, Massimo Mazzotti explains, they were arguing for what would become crucial features of modern mathematics: its voluntary restriction through a new kind of rigor and discipline, and the complete disconnection of mathematical truth from the empirical world—in other words, its purity. The Neapolitans, Mazzotti argues, were reacting to the widespread use of mathematical analysis in social and political arguments: theirs was a reactionary mathematics that aimed to technically refute the revolutionary mathematics of the Jacobins. During the Restoration, the expert groups in the service of the modern administrative state reaffirmed the role of pure mathematics as the foundation of a newly rigorous mathematics, which was now conceived as a neutral tool for modernization. What Mazzotti’s penetrating history shows us in vivid detail is that producing mathematical knowledge was equally about producing certain forms of social, political, and economic order.
This textbook offers a comprehensive treatment of vehicle dynamics using an innovative, compelling approach, suitable for engineering students and professionals alike. Written by an authoritative contributor in the fields of applied mathematics and mechanics, it focuses on the development of vehicle models paying special attention to all the relevant assumptions, and providing explanations for each step. Some classical concepts of vehicle dynamics are revisited and reformulated, making this book also interesting for experienced readers. Using clear definitions, sound mathematics, and worked-out exercises, the book helps readers to truly understand the essence of vehicle dynamics for solving practical problems. With respect to the previous edition, which was the recipient of a 2019 TAA Textbook Excellence Award, this thoroughly revised third edition presents a more extensive and in-depth analysis of braking and handling of race cars.
This is the first book to provide a systematic treatment of the economics of antitrust (or competition policy) in a global context. It draws on the literature of industrial organisation and on original analyses to deal with such important issues as cartels, joint-ventures, mergers, vertical contracts, predatory pricing, exclusionary practices, and price discrimination, and to formulate policy implications on these issues. The interaction between theory and practice is one of the main features of the book, which contains frequent references to competition policy cases and a few fully developed case studies. The treatment is written to appeal to practitioners and students, to lawyers and economists. It is not only a textbook in economics for first year graduate or advanced undergraduate courses, but also a book for all those who wish to understand competition issues in a clear and rigorous way. Exercises and some solved problems are provided.
The most controversial area in competition policy is that of exclusionary practices, where actions are taken by dominant firms to deter competitors from challenging their market positions. Economists have been struggling to explain such conduct and to guide policy-makers in designing sensible enforcement rules. In this book, authors Chiara Fumagalli, Massimo Motta, and Claudio Calcagno explore predatory pricing, rebates, exclusive dealing, tying, and vertical foreclosure, through a blend of theory and practice. They develop a general framework which builds on and extends existing economic theories, drawing upon case law, discussions of cases and other practical considerations to identify workable criteria that can guide competition authorities to assess exclusionary practices. Along with analyses of policy implications and insights applied to case studies, the book provides practitioners with non-technical discussions of the issues at hand, while guiding economics students with dedicated technical sections with rigorous formal models.
Chi è il filosofo, e chi è il poeta? Questo libro, nel suo compiersi, si è svelato via via per quello che era: una mistificazione, un anonimato palese e spudorato, un espediente per scendere sempre più a fondo nell'indicibile. Io non sono io, tu non sei tu, io non sono tu, tu non sei me. Eppure. La nostra vita è sempre quella degli altri. Ne siamo fatti. Gli altri ci vivono. * È possibile l'amicizia fra due uomini? Nonostante l'ingenuo ottimismo di molta psicologia contemporanea, la dimensione dell'Io e del Tu è un incidente, un'eccezione. Non è possibile risiedere in tale dimensione ma tutt'al più riceverne rare visitazioni, che sole ci permettono di autodefinirci umani.
Among today's Italian philosophers, Massimo Cacciari is perhaps the most assiduous commentator of Dante. Philosophy, Mysticism, and the Political collects all of Cacciari's writings on Dante to this day, from his masterful analysis of St. Francis of Assisi in Dante's Paradiso and Giotto's frescoes to a new consideration of Dante's "European" idea of empire as a federation of nations, peoples, and languages. Cacciari does not force Dante into any philosophical straitjacket. Rather, he walks with Dante, takes notes, asks questions, raises issues, and tries to understand the Divine Comedy in Dante's terms. Cacciari approaches Dante's Ulysses and the theologico-philosophical vertigo of Paradiso not as a critic but from the point of view of a faithful, assiduous, perceptive, sometimes perplexed, and sometimes worshipful reader. Cacciari's analysis shows once more that Dante does not belong to the past. Dante creates his own age and stays with us whenever we wish to follow his path.
Herbert Henri Jasper is a scientist whose research activities have initiated and encompassed many of the major themes of neuroscience. He has pioneered in single unit recording, chronic neuronal studies, neurochemistry, electroencephalography, and many other disciplines. His students now hold important positions in universities and hospitals around the world. From July 21 to 23, 1986, a symposium entitled Neurotransmitters and Cortical Function: From Molecules to Mind was held in Montreal to honor Professor Jasper and to continue his pioneering efforts. The following chapters originated in that meeting. They summarize the current v vi PREFACE status of our knowledge in some of the fields influenced by Professor Jasper. They share a focus on neurotransmitters in cortical function, where we presume higher mental events originate. Professor Jasper has made contributions to the understanding of three different classes of neuro transmitters: GABA, acetylcholine, and catecholamines. It is an interest in trying to link neu rochemical events to some aspects of complex brain function and behavior that has characterized his work, and it is this philosophy that led to the present symposium to honor him. We dedicate this volume to Professor Jasper and the integrative approach that he has fostered. The Editors Montreal Contents 1. H. H. Jasper, Neuroscientist of Our Century .......................... .
Italy’s system of social protection has come under criticism for being fragmented and excessively skewed toward pensioners and “insiders.” After setting up a consolidated presentation of the social security accounts, this paper provides an empirical assessment of the effectiveness of the welfare system, relying on a survey of households’ incomes and wealth. It concludes that, owing to ill-designed targeting mechanisms, less than a quarter of total spending on the welfare instruments under review accrues to families whose own resources fall short of the poverty line. The paper then proposes a new means-testing formula.
In his new history of food, acclaimed historian Massimo Montanari traces the development of medieval tastes—both culinary and cultural—from raw materials to market and captures their reflections in today's food trends. Tying the ingredients of our diet evolution to the growth of human civilization, he immerses readers in the passionate debates and bold inventions that transformed food from a simple staple to a potent factor in health and a symbol of social and ideological standing. Montanari returns to the prestigious Salerno school of medicine, the "mother of all medical schools," to plot the theory of food that took shape in the twelfth century. He reviews the influence of the Near Eastern spice routes, which introduced new flavors and cooking techniques to European kitchens, and reads Europe's earliest cookbooks, which took cues from old Roman practices that valued artifice and mixed flavors. Dishes were largely low-fat, and meats and fish were seasoned with vinegar, citrus juices, and wine. He highlights other dishes, habits, and battles that mirror contemporary culinary identity, including the refinement of pasta, polenta, bread, and other flour-based foods; the transition to more advanced cooking tools and formal dining implements; the controversy over cooking with oil, lard, or butter; dietary regimens; and the consumption and cultural meaning of water and wine. As people became more cognizant of their physicality, individuality, and place in the cosmos, Montanari shows, they adopted a new attitude toward food, investing as much in its pleasure and possibilities as in its acquisition.
Italy, the country with a hundred cities and a thousand bell towers, is also the country with a hundred cuisines and a thousand recipes. Its great variety of culinary practices reflects a history long dominated by regionalism and political division, and has led to the common conception of Italian food as a mosaic of regional customs rather than a single tradition. Nonetheless, this magnificent new book demonstrates the development of a distinctive, unified culinary tradition throughout the Italian peninsula. Alberto Capatti and Massimo Montanari uncover a network of culinary customs, food lore, and cooking practices, dating back as far as the Middle Ages, that are identifiably Italian: o Italians used forks 300 years before other Europeans, possibly because they were needed to handle pasta, which is slippery and dangerously hot. o Italians invented the practice of chilling drinks and may have invented ice cream. o Italian culinary practice influenced the rest of Europe to place more emphasis on vegetables and less on meat. o Salad was a distinctive aspect of the Italian meal as early as the sixteenth century. The authors focus on culinary developments in the late medieval, Renaissance, and Baroque eras, aided by a wealth of cookbooks produced throughout the early modern period. They show how Italy's culinary identities emerged over the course of the centuries through an exchange of information and techniques among geographical regions and social classes. Though temporally, spatially, and socially diverse, these cuisines refer to a common experience that can be described as Italian. Thematically organized around key issues in culinary history and beautifully illustrated, Italian Cuisine is a rich history of the ingredients, dishes, techniques, and social customs behind the Italian food we know and love today.
Selected by Choice magazine as an Outstanding Academic Book for 1996 The Decameron is a narrative account of a situation in which narration takes place-a collection of one hundred stories set within a larger story. As a group of young men and women fleeing the plague trade stories to pass the time of crisis, storytelling occurs in a social context that allows for comment upon the tales by the tellers themselves, in a setting that elicits one story in return for another. In his close and original analysis, Pier Massimo Forni uses the notion of rhetoric as a guiding principle for a critical assessment of the Decameron. He explores the discursive tools with which the narrators connect the contents of their stories to their audience's environment, and goes on to argue that the book is significantly marked by Boccaccio's habit of exploring the narrative potential of rhetorical forms. By showing how the Decameron marks a new stage in the development of vernacular realism, Forni also charts a new course in Boccaccio criticism. Viewing the cultural and rhetorical context of the medieval masterpiece from a fresh perspective, he offers intriguing insights into the functioning of Boccaccio's narrative. Adventures in Speech maps the cognitive poetic processes that rule the complex authorial network of relationships involving speech, event, received culture, and narrative objects.
This insightful book examines the inherent fragility of modern liberal constitutionalism and shows how it is in the nature of every constitutional community, including the European Union, to try to protract its own duration as much as possible. The book considers the strengths, weaknesses, tensions and contradictions of European constitutionalism using the lens of constitutional time.
The fascinating and highly relevant history of the turbulent relationship between the United States and the Holy See, recounted and analyzed by Italian journalist and Vatican insider Massimo Franco Drawing on unique access to the archives of the Holy See and a range of sources both in Washington, D.C. and Rome, Parallel Empires charts the path of U.S.-Vatican relations to reveal the dramatic religious and political tensions that have shaped their dealings and our world. Starting with the Holy See’s initial diplomatic overtures to the United States in the 1780’s, Franco illuminates a two-hundred-year-old history of alliances, mutual exploitation, and misperceptions. From the nativist anti-Catholicism of the nineteenth century, through JFK’s election as America’s first Catholic president and the cold war anti-Communist partnership between the United States and the Holy See, to the establishment of full diplomatic relations in 1984, the story has never before been told quite like this. With U.S.-Vatican affairs still evolving in the present day, Parallel Empires also details the most recent developments of this ever-changing and often-tenuous relationship, including contemporary disagreements over the Iraq War and engagement with the Islamic world, and the Papacy of Benedict XVI. Parallel Empires leaves no doubt regarding the impact that the struggle between these two great powers—one of secular might and the other of moral influence—has had on both our history and on today’s world. Franco’s insights are sure to have lasting relevance as U.S.-Vatican relations continue to evolve, and with religion’s undeniable influence on everything from domestic elections to international terrorism, his work will prove invaluable in coming years.
This book examines the potential of conducting studies in comparative hagiology, through parallel literary and historical analyses of spiritual life writings pertaining to distinct religious contexts. In particular, it focuses on a comparative analysis of the early sources on the medieval Christian Saint Francis of Assisi (1182-1226) and the Tibetan Buddhist Milarepa (c. 1052-1135), up to and including the so-called ‘standard versions’ of their life stories written by Bonaventure of Bagnoregio (1221-1274) and Tsangnyön Heruka (1452-1507) respectively. The book thus demonstrates how in the social and religious contexts of both 1200s Italy and 1400s Tibet, narratives of the lives, deeds and teachings of two individuals recognized as spiritual champions were seen as the most effective means to promote spiritual, doctrinal and political agendas. Therefore, as well being highly relevant to those studying hagiographical sources, this book will be of interest to scholars working across the fields of religion and the comparative study of religious phenomena, as well as history and literature in the pre-modern period.
Claudio Monteverdi's historical position in music has been compared to that of Shakespeare in literature: almost exact contemporaries, each worked from traditional beginnings to transform nearly every genre he attempted. In this book, Massimo Ossi delves into the most significant aspect of Monteverdi's career: the development, during the first years of the seventeenth century, of a new compositional style he called the seconda prattica or "second manner." Challenged in print for the unconventional aspects of his music, Monteverdi found himself at the center of a debate between defenders of Renaissance principles and the newest musical currents of the time. The principles of the seconda prattica, Ossi argues in this sophisticated analysis of Monteverdi's writings, music, and approaches to text-setting, were in fact much more significant to the course of Monteverdi's career than previously thought by modern scholars-not only did Monteverdi continue to pursue their aesthetic and theoretical implications for the rest of his life, but they also affected his dramatic compositions as well as his chamber vocal music and sacred works. Ossi "divines the oracle" of Monteverdi's ambiguous theoretical concepts in a clear way and in terms of pure music; his book will enhance our understanding of Monteverdi as one of the most significant figures in western music history.
Arbitrating cross-border business disputes has been common practice in Italy since centuries. It is no wonder, then, that Italian arbitration law and jurisprudence are ample and sophisticated. Italian courts have already rendered thousands of judgments addressing complex problems hidden in the regulation of arbitration. Italian jurists have been among the outstanding members of the international arbitration community, starting from when back in 1958, Professor Eugenio Minoli was among the promoters of the New York Convention. Being Italy the third-largest economy in the European Union and the eighth-largest economy by nominal GDP in the world, it also comes as no surprise that Italian companies, and foreign companies with respect to the business they do in the Italian market, are among the main ‘users’ of international arbitration, nor that Italy is part to a network of more than 80 treaties aimed to protect inbound and outbound foreign direct investments and being the ground for investment arbitration cases. Moreover, in recent years, Italy has risen to prominence as a neutral arbitral seat, in particular for the settlement of ‘intra-Mediterranean’ disputes, also thanks to the reputation acquired by the Milan Chamber of Arbitration which has become one of the main European arbitral institutions. This book is the first commentary on international arbitration in Italy ever written in English. It is an indispensable tool for arbitrators, counsel, experts, officers of arbitral institutions and judges who happen to be involved in arbitral proceedings or arbitration-related court proceedings somewhat linked to the Italian legal system, either because Italy is the seat of the arbitration, the Italian jurisdiction has been ousted by a foreign-seated arbitration, the assistance of Italian courts is sought for the granting of interim measures or the enforcement of a foreign award or the arbitration results from a multilateral or bilateral investment protection treaty to which Italy is a party. This book may also be of general interest for scholars and practitioners of international arbitration at large to the extent that it deals with the ‘theory’ of international arbitration and illustrates original solutions offered by Italian arbitration law to various complex issues, such as: the potential conflicts (and required balance) between party autonomy and State sovereignty in the governance of arbitrations; the relationship between the New York Convention and the legal system of the State of the arbitral seat; the potential impact on cross-border arbitrations of insolvencies, human rights, or European Union law; the arbitrability of corporate disputes; the extension of arbitration agreements to ‘necessary parties’. Appendixes include an English translation of the main provisions of Italian law relevant to arbitration, a list of the investment protection treaties to which Italy is a party, and an English version of the Rules of Arbitration of the Milan Chamber of Arbitration. The author, who is full professor of international law, name partner of ArbLit (the first Italian boutique focusing on cross-border dispute settlement) and the current Italian member of the ICC Court of Arbitration, has written the book aiming to combine his academic background with his long-standing experience as counsel and arbitrator.
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