Talking to My Daughter About the Economy: or, How Capitalism Works - and How It Fails
In Talking to My Daughter About the Economy, activist Yanis Varoufakis, Greece’s former finance minister and the author of the international bestseller Adults in the Room, pens a series of letters to his young daughter, educating her about the business, politics, and corruption of world economics.
Yanis Varoufakis has appeared before heads of nations, assemblies of experts...more
--A flow of stories grounded in real world history bringing to life the big-picture logic and consequences of our global market economy, with minimal jargon and zero abstract formulas. You can suppleme ...more
What I liked: Varoufakis explains his understanding of the evolution of Capitalism briefly, clearly, and engagingly. A bright child really could read and grasp what he has written. That's well done and not easy to achieve.
I am going to review this as if politics and economies are necessarily married to each other, because that is Varoufakis's belief and one which I completely agree with. Good luck trying to separate the two! He gives a very good explanation of Bitcoi ...more
Yanis Varoufakis who was the minister of finance of Greece in 2015, witnessed firsthand the workings and implementation of the worst austerity measures in recent times and so is certainly well equipped to write an econ-101 book. We'd have to be fools to not heed his warnings.
This is a very powerful book and here are some powerful things I learnt from ...more
"The worst slavery is that of heavily indoctrinated happy morons who adore their chains and cannot wait to thank their masters for the joy of their subservience."
I've been meaning to read a book explaining how Capitalism works for a very long time, and I'm glad to say that this concise yet inclusive work of non-fiction delivers splendidly.
Written in very simple language, this book explains:
The necessity of surplus for states to exist.
The emergence of profit as an end of i ...more
Varoufakis also takes us on a tour of several key moments that truly ...more
Varoufakis believes that understanding economics is key to a truly well-functioning democracy. Yet, the jargon-filled academic field of economics obscures important ideas in strange language and uses inane examples that make it ...more
Gregory Mankiw in hi ...more
This is a brilliant ABC of economics, in particular the Marxist critique of capitalism. I didn't learn all that much (mainly I got some ideas for how to Talk To My Son About the Economy), but Varoufakis is such a great storyteller, and he brings economic concepts to life in a very powerful way. An excellent primer, and goes well with the less Marxist but very useful Economics: The User's Guide. Varoufakis does a really great job ...more
Varoufakis writes well, in a way most will understand easily, and explains key aspects of the world we inhabit today: the birth of capitalism- putting lie to the quite frustrating belief that capitalism is "just human nature"- and market societies, the role of debt, currency, banks, and so much more.
A key takeaway is the volatility and perverse incentives that are integral to capitalism. Hopefully this book gets people thinking about alternatives. ...more
"There are no economic experts. ...more
"When you were born, your name, Xenia, appealed to me greatly because its etymology comes from the Greek word xenos, meaning 'stranger' or 'foreigner' and translates as 'kindness to strangers'. The appeal of this name came in part from my belief that the best way to see your country, your society, is to see it through the eyes of an outsider, a refugee. [...] Doing so will grant you the opportunity to retain your freedom."
In this book, Yanis Varoufakis who is widely regarded as one of the gr ...more
Overall an interesting book. Would be re-reading it soon.
I never thought I would be able to understand anything about the economy (even though I have a business degree... Econ101 was not my forte). This book was an absolute gem to find — an economist explaining the history of economies to his young teen daughter. The language is simple enough and there are lots of familiar pop-culture stories and metaphors woven throughout to explain theories and shifts.
I learnt so much about the economy obviously but also race, history, money, technology, ...more
A buddy read with May
Short, sweet and concise. This book explains all the essentials that a simpleton such as yours truly has been confounded by over the years and has been too embarrassed to ask anyone about. Turns out most people don't have a fair idea about statements like " Central ba ...more
Where his book falls down is in the blanket covering of all forms of capitalism being the sam ...more
And unsurprisingly this fascinating book repeated my belief, but this time I heard it from a well-known economist.
The brutality and inhumanity of the capitalistic world order can hardly be explained better than this. And recommend reading this book to any body who w ...more
A necessary book for all. Not interested in economics? Find it dull and unnacessible? Honestly give this a go. Thought-provoking and relatable, Yanis once again gets us all thinking about the important questions in life with regards to the economy and politics. ...more
Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. While I may have a PhD in Economics, I do not believe I have ever attended more than a few lectures on economics! But let's take things one at a time.
I was born in Athens back in the mists of 1961. Greece was, at the time, struggling to shed the post-civil war veil of totalitar ...more