In this article, we aim to develop a political economy of mass hysteria. Using the background of COVID-19, we study past mass hysteria. Negative information which is spread through mass media repetitively can affect public health negatively in the form of nocebo effects and mass hysteria. We argue that mass and digital media in connection with the state may have had adverse consequences during the COVID-19 crisis. The resulting collective hysteria may have contributed to policy errors by governments not in line with health recommendations. While mass hysteria can occur in societies with a minimal state, we show that there exist certain self-corrective mechanisms and limits to the harm inflicted, such as sacrosanct private property rights. However, mass hysteria can be exacerbated and self-reinforcing when the negative information comes from an authoritative source, when the media are politicized, and social networks make the negative information omnipresent. We conclude that the negative long-term effects of mass hysteria are exacerbated by the size of the state.

This paper on Political Economic and Labour Economic Policies in the European Green Deal framework analyses the Recovery Plan and Resilience Facility. It pays attention to the effects on the design of new green jobs and the necessary skills to develop this type of new positions generated, with higher labour wellbeing. The paper is focused on the analysis of the green jobs’ opportunity for Europe, at a country level, with a specific analysis made for the Spanish case. A systematisation of the concepts and calculations on the issue is made and analysed (attending the international institutions and forums proposals) to harmonise the recovery plans, apply them beyond the energy sector to other related green activities and align the public and private sector, and other critical stakeholders, in achieving this goal. The following research questions were formulated: (1) what is the estimated number of new green jobs that would be created as a consequence of the implementation of the Recovery Plan in Spain; (2) which new soft skills or re-skilling would be necessary to develop such new green jobs; (3) how much are the new jobs aligned with Wellbeing Economics? The research was conducted by applying a few research methods, i.e., secondary sources, the desk research method and the exploration method, critical and comparative analysis, inductive and deductive reasoning and some mathematical calculations. The research contribution can provide a valuable source of information to coordinate sectoral plans by the policymakers, particularly those responsible for the economy, business, green activities and education.

This paper analyses the COVID-19 crisis and its management from the perspective of Austrian Economics. The attention focuses on the State’s coercive intervention according to the principles of political economy, capital theory and Austrian business economic cycles. The paper examines the specific case of massive intervention by governments and, especially, central banks in monetary and financial markets to deal with the pandemic trying to mitigate its negative effects. The paper offers a critical analysis of government tax policies and the increase in public spending, considered as the panacea and universal remedy for the social troubles. This review concludes with a proposal to change the mainstream paradigm, thereby proposing a more sustainable and wellbeing economics.

After the Great Recession of 2008, there was a strong commitment from several international institutions and forums to improve wellbeing economics, with a switch towards satisfaction and sustainability in people–planet–profit relations. The initiative of the European Union is the Green Deal, which is similar to the UN SGD agenda for Horizon 2030. It is the common political economy plan for the Multiannual Financial Framework, 2021–2027. This project intends, at the same time, to stop climate change and to promote the people’s wellness within healthy organizations and smart cities with access to cheap and clean energy. However, there is a risk for the success of this aim: the Jevons paradox. In this paper, we make a thorough revision of the literature on the Jevons Paradox, which implies that energy efficiency leads to higher levels of consumption of energy and to a bigger hazard of climate change and environmental degradation.

This paper presents an overview on political economy and economic policies into the European Green Deal framework and the Spanish recovery plan, with special attention to the tourism sector and actual opportunities for green jobs in the Spanish tourism market. Firstly, there is a literature review, combining the scientific production with professional and institutional literature, to understand the topic development, from the former restrictive point to the wider current view. Secondly, a case study about the green jobs opportunity in the Spanish hotel industry is presented, taking into account wellbeing economics, for the renewal of the Spanish tourism industry. Methodology combines the qualitative analysis of literature and the qualitative review of the CSR reports from top Spanish hotel chains as well as the feedback of sustainability experts at the hotel industry. This paper provides valuable information to improve the sectorial recovery plan and coordinate the policymakers and the business managers and entrepreneurs.

Climate change, clean energy transition, the energy security quest, and international relations have triggered the revival of renewable energy as a solution to these problems. Nowadays, there is an energy transition where renewable energies bring geopolitical changes in a world where fossil fuels are becoming less relevant. This article aims to assess how the transition influences Spain’s energy relations with other countries regarding electricity and its sources, in alignment with the European Green Deal. In order to do so, its current energy situation, the renewable energies development and its energy import-export relations are examined. The results show that despite progress in green regionalization through more electric interconnection, little difference is to be found in traditional relations with fossil fuel countries exporters, but more are the contractions in Spanish energy economic policy, as here is explained.

This is a critical paper (based in knowledge review with a constructivist proposal), under the Institutional Economics (including Austrian Economics), which analyzes the digital transition (from the welfare state economy to the authentic welfare or wellbeing economics) and the happiness management possibilities (as a part of the requirement for the global convergence process of Horizon 2030). Attention is focused on the digital currencies, as an example of technovation for personnel income and motivation management, environmental protection and a good practice of CSR 3.0 (in organizations oriented towards people wellness & happiness with sustainability). The paper explains how it works this win-win practice, with a real case of a Spanish cooperative company, with benefits for the whole stakeholders, the environment, other companies and the next generations.

The European Union Green Deal aims at curbing greenhouse gas emissions and introducing clean energy production. But to achieve energy efficiency, the opportunity cost of different energies must be assessed. In this article, two different energy self-sufficient systems for wastewater treatment are compared. On the one hand, high-rate algal ponds system (HRAP) is considered; on the other hand, a conventional activated sludge system (AS) which uses photovoltaic power (PV) is studied. The paper offers a viability analysis of both systems based on the capacity to satisfy their energetic consumption. This viability analysis, along with the opportunity cost study, will be used in the article to compare these two projects devoted to the treatment of wastewater. In order to assess viability, the probability of not achieving the energy consumption threshold at least one day is studied. The results point that the AS+PV system self-sufficiency is achieved with much lesser land requirements than the HRAP system (for the former, less than 6500 m2, for the latter 40,000 m2). However, the important AS capital cost makes still the HRAP system more economic, although storage provides a great advantage for using the AS+PV in locations where a lot of irradiance is available.