Why Do We Love/Hate Communism?

For some, the word communism carries a bad connotation in both political and social terms. Beginning from critique on Karl Marx, over to failed states like the Soviet Union, to the countless dictators, who were responsible for millions of deaths, communists are viewed as aggressive, radical, closed-minded and, therefore, repulsive. For some, however, communism is … Continue reading Why Do We Love/Hate Communism?

Do You Need a University Degree?

For centuries, people with university degrees enjoyed utmost respect in society. University education was of paramount importance to achieving a successful career and gaining prestige. While not being a strict prerequisite, having a university degree opened a lot of doors for many in the past. Certainly, for a long time access to university education was … Continue reading Do You Need a University Degree?

Rethinking the Role of Economies and Consumption

The Home Office Tax Recently, some analysts from the Deutsche Bank suggested that a tax for people working from home should be introduced. Their reasoning behind this proposal is that people altered their spending habits when working from home. In fact, Eurostat, the European Union's Directorate-General for statistical information, recently published a report that shows … Continue reading Rethinking the Role of Economies and Consumption

Value vs Price in a Global Bubble Economy

The beauty of economics is that human nature is constant. Hence, the outcomes of economic calculations, estimates and theories only change when new variables are added or old variables fall away. For example, the introduction of financial innovations, the globalisation of economies or the internet are such variables that have been added to the equations. … Continue reading Value vs Price in a Global Bubble Economy