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Totem und Tabu

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Suggested summer read:


I hope you are having the best vacations. ''Totem and Taboo'' is a very interesting book published in 1913 by Sigmund Freud. The psychoanalytic approach on the ancient tribes of the world compared to modern day neurotics makes me think how we can use this knowledge and apply it in order to understand the hierarchic relationships inside our families, work environment, how we construct our idols, how we obey our ''masters'', how we crave for power, how we flirt with the forbidden, love or despise the holy, reject or embrace the pure. Our ethics and traditions, our norms are based on old totems and taboos.
Buy the book here

The Great Hack

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Recently watched the documentary film ''The Great Hack'' which was pretty good I think as it raises important questions about the endless personal data we provide online as individuals and internet users of web platforms and consumers-contributors of social media. Questions about who owns our personal data, who has access to these data, how third parties exploit our online data in order to benefit economically, create political campaigns and target people strategically. 

I believe that the film spurs an ongoing conversation for the hot topic about US elections-facebook-Cambridge Analytica-Russia but at the same time it can also manipulate your view to look through the lense and the filters of the film in order to agree with the narrators. 

-Stathis Kassios

Malthus and the growth stagnation between the dark ages and the industrial revolution

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Malthusian forces were sufficiently strong and widespread to explain the economic stagnation from the dark ages to the industrial revolution. Read the full article HERE

via voxeu.org

Tsunami of data could consume one fifth of global electricity by 2025

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Tsunami of data could consume one fifth of global electricity by 2025.

Billions of internet-connected devices could produce 3.5% of global emissions within 10 years and 14% by 2040, according to new research, reports Climate Home NewsRead the full article HERE (via Guardian)


Euro Area Welcomes New Greek Government With a Budget Warning

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''As an economist I strongly believe that even if the Greek government retains a 3.5% budget surplus until 2022 this will not directly relate to the sustainability of the public debt which has increased. Furthermore, the surplus means a new round of heavy taxation directly and indirectly. Brussels is pushing for the surplus to be maintained in order to calm creditors and global markets but people and the real economy will suffer.'' - Stathis Kassios


Euro Area Welcomes New Greek Government With a Budget Warning. Read the full article HERE


via Bloomberg

Wealth of Nations

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Purchased this edition of ''Wealth of Nations'' (Adam Smith) by Wordsworth Editions. The cover immediately attracted me to buy this edition. Wordsworth Editions is the company founded in 1987 by Michael Trayler. There is a very interesting introduction by Mark G. Spencer (Brock University Canada) describing the background and the early years of Adam Smith.
Adam Smith can be read many times and interpreted in many different ways by economists as the constant changes in the dynamics of our world nowadays bring this book in the spotlight as the base of theories on global trade and Laissez-Faire capitalism with its many challenges.
You can buy the book here: https://www.amazon.com/Wealth-Nations-Wordsworth-Classics-Literature/dp/1840226889
-Stathis