The Global Minotaur: A theory of the Global Crisis
The Origins of the European & Global Economic Crisis – on acTVism Munich
, 03/02/2016
https://www.youtube.com/watch?v=5x9APkNeqe4&feature=iv&src_vid=ZcXZVPhjV8E&annotation_id=annotation_4056056273This Friday, in London: Toward a New Politics for Europe – with Paul Mason
, 19/10/2015
Ever since the financial crash, the left has struggled to articulate a future for Europe that takes into account the needs of all its citizens. But this year, two anti-austerity movements with very different styles shot to prominence and to popularity - Syriza in Greece and Podemos in Spain. The UK is witnessing the surge [...]What happened in China? In a few words, from The Global Minotaur 2011,2013
, 25/08/2015
Greece is off the headlines, for now, as China’s crisis has taken over. In our globalised world, the two crises are utterly intertwined, both the repercussions of global capitalism’s 2008 ‘moment’. Here are some extracts from my The Global Minotaur, both the 2011 and the 2013 editions…
«La Grèce peut forcer l’Europe à changer» – La Tribune
, 21/01/2015
INTERVIEWYanis Varoufakis is a candidate for Syriza to the 25 January elections in Greece. (Credit: Reuters) Interview by Romaric Godin, Athens | 01/20/2015, 1:16 p.m. – 2597 words Yanis Varoufakis, economist and author of “Minotaur Planetary” is a candidate for the party of the radical left Syriza in the elections of January 25. He explains […]
The world economy post-2008 – Interviewed by the Institute of Regulation & Risk
, 14/01/2015
Since the demise of Lehman Brothers in September 2008 and ensuing great financial crisis (GFC), it would seem rather obscenely that central bankers and monetary policy has been obsessed with “deflation”, rather than remedying the actual causes of the crisis itself. Is this a fair analysis?
How the US rolls (post-Global Minotaur) – by SLAVOJ ŽIŽEK
, 13/12/2014
In this article, aptly subtitled It’s lonely being the global policeman, Slavoj evokes a parallelism between the age of extremes that began as the British Empire was losing its grip with the present moment in history. Now that the Global Minotaur (quoting my book) is mortally wounded, “…the American century is over and we are witnessing […]
Preface to the (forthcoming) French edition of THE GLOBAL MINOTAUR
, 12/11/2014
The Global Minotaur: America, Europe and the future of the world economy is about to be published in French, as Le Minotaure Planétaire, by newly established, progressive publishing house LES ÉDITIONS DU CERCLE. Read on for a draft of the Preface I composed for this French edition (which is now added to the German, Spanish, […]
Egalitarianism’s Latest Foe: a critical review of Thomas Piketty’s Capital in the Twenty-First Century
, 08/10/2014
The Real-World Economics Review commissioned a number of us to write critical reviews of Thomas Piketty’s Capital in the 21st Century. They include, beside the over-signed, David Colander, Edward Fullbrook (who must be credited for the whole issue), James K. Galbraith, Michael Hudson, Richard Koo, Richard Parker, Ann Pettifor, and Robert Wade – see below for links to […]
The Global and European Crisis revisited: An audio from the launch of the Global Minotaur in Finland
, 12/09/2014
On 25th August, I had the honour of presenting the Finnish edition of The Global Minotaur to a splendid, and welcoming, audience at the University of Tampere. In this post you can listen to an interesting exchange on the state of the global and European economy, why Finns (along with citizens of other European ‘surplus’ member-states […]
The Global Minotaur out now in Finnish
, 22/08/2014
It is with great pleasure that I received the news from Finland that my Global Minotaur: America, Europe and the Future of the World Economy has just been published in Finland by the good people of Vastapaino Publishers. (Click here for their site.) My Preface to this Finnish edition follows:
Discussing Austerity with Phillip Adams, on Late Night Live, ABC Radio National
, 22/08/2014
In this podcast you can hear my discussion with Phillip Adams, on ABC Radio National Late Night Live, on fiscal austerity and its discontents. The backdrop for this interview was, naturally, the Australian Federal Government’s attempts to ‘sell’ its latest Austerity Budget to the Australian people. (Click also here for my OpEd on ‘Austerity comes to Australia’, […]
Austerity comes to Australia – OpEd, WHITE PAPER, ABC Radio National
, 22/08/2014
Austerity was never about tackling public debt. It was not even a political campaign to end the ‘culture of entitlement’. In the UK, in the Eurozone, and now in Australia, austerity is, and always was, a thinly disguised campaign of invoking fiscal prudence and public virtues in order to indulge private vices and so as to redistribute entitlements at the expense of the majority.
Preface to the Finnish edition of the Global Minotaur
, 03/06/2014
Finland, like my homeland, Greece, is a small country at a treacherous geopolitical crossroads that traditionally inspired great anxiety amongst its people, but also instilled into their character considerable resilience. Unlike Greece, from the mid-1990s until fairly recently Finland succeeded in turning itself into a net exporting nation, ostensibly capable of powering its way into […]
A Review of the Global Minotaur (2nd edition) from an Australian perspective; by Paul Tyson
, 22/05/2014
Is there Life After Money? A Summary, with comments, of Yanis Varoufakis’ The Global Minotaur: America, Europe and the future of the world economy, Zed Books By Dr Paul Tyson, Honorary Associate Professor, Department of Theology and Religious Studies, University of Nottingham. [Note that the cover displayed here is of the German edition. Click here for the […]
Vicious Disequilibrium, in the Los Angeles Review of Books
, 09/04/2014
Are we witnessing a new global balance? Or a new incongruity pregnant with the crisis’ next phase?
Austerity as a destabilising assault on the New Deal institutions: A joint presentation by J.K. Galbraith & Y. Varoufakis (video)
, 27/02/2014
A debate involving James K. Galbraith, Yanis Varoufakis and Jeff Sommers (in the role of moderator) took place on 24th February at the University of Wisconsin, Milwaukee in the context of the George Kennan Distinguished Lecture Series. An amateurish recording is available here. For ease of ‘navigation’, a list of topics (with their location on […]
Don't Try This at Home! Greek Austerity
, 26/02/2014
by JEFFREY SOMMERS and YANIS VAROUFAKIS This is an op-ed published in initially in the Wisconsin-Milwaukee Journal Sentinel, on 22nd February 2014, and then in CounterPunch, on 26th February 2014. You can read the text here by clicking…
Being Greek and an Economist While Greece Burns: An intimate account – MGSA Keynote 2013
, 16/11/2013
(Gonda Van Steen introduced the audience to the MGSA 2013 Conference and Artemis Leontis introduced me. The talk begins at around 10′, when the audio becomes loud and clear) The Modern Greek Studies Association (MGSA) kindly invited me to deliver its 2013 Keynote, at the MGSA biannual Conference held at Indiana University. I grabbed the opportunity […]
On ABC Radio National's 'Big Ideas' program: 'The Dirty War for Europe's Integrity & Soul'
, 30/10/2013
ABC Radio National’s ‘Big Ideas’ program has now broadcast my talk entitled The Dirty War for Europe’s Integrity & Soul (original broadcast: 30th October, 20.05 Sydney time). [Click here for details of the lecture.] For the complete transcript click here – please note that the ABC (to fit in both the talk and the discussion the […]
Jobs, Investment, and Rebuilding America: Economic and National Security Issues – Workshop in Washington DC, 12th November
, 30/10/2013
Economists for Peace and Security is organising a workshop on Jobs, Investment, and Rebuilding America: Economic and National Security Issues. It will take place at the Hyatt Regency, Washington DC, Capitol Hill. The keynote speech will be delivered by Jason Furman, Chair of the US Council of Economic Advisers. My involvement will concern the economic and financial […]
The Dirty War for Europe's Integrity and Soul
, 25/10/2013
Inaugural ‘Europe Public Lecture’, UWS, State Library of New South Wales, Sydney On 23rd October 2013, I was honoured by the Department of History of the University of Western Sydney with an invitation to deliver their inaugural Europe Public Lecture. The event took place in the State Library of New South Wales, in Sydney. The […]
Off to Oz to talk Europe
, 18/10/2013
Next Wednesday evening, the 23rd of October, I shall be delivering The Inaugural Europe Lecture of the University of Western Sydney at the State Library of New South Wales. (Please note that till then postings will be rudimentary.) The talk itself will be entitled “The Dirty War for Europe’s Integrity and Soul” (For details click […]
The US Debt Ceiling Strife from a European perspective
, 17/10/2013
Cooled down in the proverbial 11th hour, at least until it is brought back on the boil next January, the US debt ceiling clash puzzles Europeans and gives them an opportunity to re-asses their own leaders’ shenanigans.
Professor Fama's 'Nobel' Prize toxic theory explained
, 15/10/2013
Readers have requested a summary of the Efficient Market Hypothesis, which is in the news again as a result of the ‘Nobel’ Prize award to Professor Eugene Fama – see this instant reaction on the matter). In what follows the reader can peruse very brief presentations of the triad of toxic theories that undermined macroeconomic […]