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An Economic Analysis
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This book studies the evolution in human thought, action, and behavior as a
result of the 2008 fi nancial crisis and the Covid-19 crisis. Through the presentation
and analysis of data, as recorded for at least a decade, and using the Greek
economy as a case study, the authors examine the changes in social and human
capital, increasingly risk-averse behavior, and changes in people’s general psyche
and economic action in Greek society and economy.
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Panagiotis E. Petrakis is Professor in the Department of Economics at National
and Kapodistrian University of Athens, Greece, where he serves as Scientifi c
Department of Economics at National and Kapodistrian University of Athens from
2005 to 2009. He is the author of numerous scientifi c articles and monographs
and has extensive publications in recognized academic journals on economic
development, entrepreneurship, and cultural background.
Kyriaki I. Kafka is Adjunct Lecturer of Economics at the National and Kapodistrian
University of Athens / Department of Economics. She has published books and
Economics, Journal of Business Research and Journal of Innovation and
Knowledge, and her research interests include economic development and
growth, cultural economics, institutional economics, entrepreneurship, and
innovation.
Pantelis C. Kostis is Adjunct Lecturer of Economics at the National and
Kapodistrian University of Athens / Department of Economics and the Hellenic
international academic journals including Journal of Comparative Economics,
Journal of Business Research, Economic Modelling and the Journal of Socio-
Economics. He is also the co-author of several books regarding the European and
the Greek economy, and economic development and growth.
Dionysis G. Valsamis is a Researcher in the Department of Economics at the
National and Kapodistrian University of Athens, Greece. He is the co-author of
include monetary policy, economic growth, and the implementation of economic
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