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The Global Minotaur: America, Europe and the Future of the Global Economy (Economic Controversies)

The Global Minotaur: America, Europe and the Future of the Global Economy (Economic Controversies) Cover

 

Synopses & Reviews

Publisher Comments:

In this remarkable and provocative book, Greek Finance Minister Yanis Varoufakis explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the root causes of both the Eurozone crisis and the global economic crisis.  Rather, they are symptoms of a much deeper malaise which can be traced all the way back to the Great Crash of 1929, then on through 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 Europe and the rest of the world began sending 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 through to the financial collapse of 2008.

Today's deepening crisis in Europe is just one of 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.

Synopsis:

Revised and updated, The Global Minotaur, originally published in 2011 is a provocative book, by one of the most dynamic and reasonable of contemporary economists, takes a long view of the global economy and describes how, after the collapse in the 1970s of the post-war economic order, the world began sending incredible amounts of capital to Wall Street - just as the ancient Athenians paid regular tribute to the mythical Cretan Minotaur. It was this flow of money that became the "engine" that pulled the world economy through to the financial collapse of 2008.

Europe's crisis today is just one symptom of a global "system" which is now as unsustainable as it is imbalanced. Full of up to the minute commentary on the financial crisis as the unfold, The Global Minotaur is an essential account of the socio-economic events and hidden histories that have shaped the world as we now know it.

About the Author

Yanis Varoufakis is Director of the University of Athens' Political Economy Division.

Table of Contents

Preface to the New Edition

1. Introduction

2. Laboratories of the future

3. The Global Plan

4. The Global Minotaur

5. The beast's handmaidens

6. Crash

7. The  handmaidens strike back

8. The Minotaur's global legacy: the dimming sun, the wounded tigers, a flighty Europa and an anxious dragon

9. A future without the Minotaur?

Product Details

ISBN:
9781780324500
Publisher:
Zed Books
Subject:
International
Author:
Varoufakis, Yanis
Subject:
International - Economics
Subject:
Political Economy
Subject:
World - General
Subject:
Politics - General
Subject:
Economics - General
Edition Description:
Second Edition, 2nd Edition
Series:
Economic Controversies
Publication Date:
20130231
Binding:
TRADE PAPER
Language:
English
Pages:
296
Dimensions:
8 x 5.25 in

Related Subjects

Business » History and Biographies
Business » International
History and Social Science » Economics » General
History and Social Science » Politics » General

The Global Minotaur: America, Europe and the Future of the Global Economy (Economic Controversies)
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Product details 296 pages Zed Books - English 9781780324500 Reviews:
"Synopsis" by ,
Revised and updated, The Global Minotaur, originally published in 2011 is a provocative book, by one of the most dynamic and reasonable of contemporary economists, takes a long view of the global economy and describes how, after the collapse in the 1970s of the post-war economic order, the world began sending incredible amounts of capital to Wall Street - just as the ancient Athenians paid regular tribute to the mythical Cretan Minotaur. It was this flow of money that became the "engine" that pulled the world economy through to the financial collapse of 2008.

Europe's crisis today is just one symptom of a global "system" which is now as unsustainable as it is imbalanced. Full of up to the minute commentary on the financial crisis as the unfold, The Global Minotaur is an essential account of the socio-economic events and hidden histories that have shaped the world as we now know it.

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