The Global Minotaur PDF ePub eBook

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The Global Minotaur free pdf In this remarkable and provocative book, Yanis Varoufakis explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the causes of the global economic crisis. Rather, they are symptoms of a much deeper malaise which can be traced back to the 1970s- the time when a 'Global Minotaur' was born. Just as the Athenians maintained a steady flow of tributes to the Cretan beast, so the 'rest of the world' sent incredible amounts of capital to America and Wall Street. Thus, the Global Minotaur became the 'engine' that pulled the world economy from the early 1980s to 2008. Today's crisis in Europe, the heated debates about austerity versus further fiscal stimuli in the US, the clash between China's authorities and the Obama administration on exchange rates are the inevitable symptoms of the weakening Minotaur- of a global 'system' which is now as unsustainable as it is imbalanced. Going beyond this, Varoufakis lays out the options available to us for reintroducing a modicum of reason into a highly irrational global economic order. An essential account of the socio-economic events and hidden histories that have shaped the world as we now know it.

About Yanis Varoufakis

Yanis Varoufakis is Professor of Economic Theory, Director of the Department of Political Economy within the Faculty of Economic Sciences of the University of Athens.

Details Book

Author : Yanis Varoufakis
Publisher : Zed Books Ltd
Data Published : 18 August 2011
ISBN : 1780320159
EAN : 9781780320151
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 196 pages
Age + : 18 years
Language : English
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