The 6th Lindau Meeting on Economic Sciences will be launched tomorrow (Wednesday, 23 August) with an opening speech by Mario Draghi, President of the European Central Bank. The participants of the meeting include 17 Nobel Laureates and 350 young economists from 66 countries, who will have the opportunity for in-depth exchange with each other until Saturday, 26 August. The participating laureates include Oliver Hart and Bengt Holmström, who in 2016 together received the 'Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel', which is generally referred to as the Nobel Prize in Economics.
The President of the Council for the Lindau Nobel Laureate Meetings, Countess Bettina Bernadotte af Wisborg, said in advance with a view to her opening speech: "I want to emphasise that Lindau has always given an appropriate answer to isolationism: hundreds of the best minds from all continents come here to discuss new approaches and share their experiences. The international and cross-generational dialogue that takes place in Lindau has, in the past, led to constructive solutions to some of the world's challenges. It is my hope that this year's meeting is no different."
The key topics of the Lindau Meeting include social inequality, research in the areas of contract and organisational theory as well as monetary and fiscal policy. Mario Draghi's remarks are eagerly awaited. The ECB President will speak about the interaction between research and monetary policy decision making, and how both have developed in response to the financial crisis. Mario Draghi himself taught for many years as a professor of economics at Italian universities.
As part of the Get-Together in the Dornier Museum in Friedrichshafen on Wednesday evening, the Chief of Staff of the German Chancellery, Federal Minister Peter Altmaier, will speak as representative of the German federal government. According to information provided by the Federal Chancellery, in his talk he will stress the importance of international cooperation and multilateralism -- especially in times of separatism.
The participating young economists are excellent students, PhD candidates and post-doctoral researchers under the age of 35, who have undergone a multi-stage, international selection process. They can now look forward to a programme which includes lectures by the laureates and panel discussions. In addition, this year's meeting will, for the first time, feature seminars in which more than 80 young economists will present their own research work to laureates and receive individual feedback.
On Saturday, 26 August, there will be a boat trip on Lake Constance to Mainau Island, where the meeting will be brought to a close with a panel discussion on the challenges of global social inequality.
Since their founding in 1951, the Lindau Nobel Laureate Meetings have developed into a forum for international exchange in the natural sciences that is unique worldwide. Since 2004, meetings on the economic sciences have also taken place. The meetings serve to promote knowledge transfer, to inspire and to foster networking among scientists.