Books
A discussion with Evergreen College students on the state of the global economy
, 15/02/2013
Yesterday, 14th February 2013, I spent a wonderful 75 minutes visiting a wonderful class of students at Evergreen College – the inverted commas denoting that I did so from… Austin, using the excellent AV facilities of both Evergreen and the LBJ Graduate School of Public Affairs (thanks are due to the excellent support staff on both ends). […]
European Banking Union: Behind the rhetoric
, 09/02/2013
On 8th February 2013, the Texas International Law Journal organised a conference on the theme of The Nation State and its Banks. Click here for the full program. The organisers were kind enough to invite me to give the lunchtime talk, which I chose to be European Banking Union: Behind the rhetoric. You can here an […]
The Global Minotaur reviewed in the Calcalist (in Hebrew) by Uri Pasovsky
, 08/02/2013
As the second edition of my The Global Minotaur is about to hit the bookstands, Uri Pasovsky just published an extensive review of it in Calcalist, the leading Israeli business daily. Thanks Uri. Click here for the review.
How can Europe overcome the crisis – by Robert Misik
, 23/01/2013
“The euro zone slips into the Merkel-recession”, writes Robert Misik in the German Trades Union Federation’s magazine AGAINST APERTURE. But, he adds, there are realistic alternatives. Some economists have developed ambitious plans. The DGB a Marshall Plan for Europe is one such. Click here to go to Misic’s webpage or read on…
Toward an evolutionary model of the Eurozone Crisis: Ayers Scholar address, ASSA, San Diego
, 08/01/2013
We are all familiar with the so-called domino effect, or contagion, that began in Greece and has taken its toll throughout the Eurozone. Interestingly, no formal economic model has ever attempted to capture the essence of this negative dynamic. When the Association for Evolutionary Economics (AFEE) chose to honour me with the ‘Ayres Scholar for 2013’ accolade, […]
Up from Here? Panel discussion on 'The Impediments to Recovery' with K. Arrow, R. Gordon, E. Laursen and Y. Varoufakis
, 06/01/2013
On 4th January 2013, in the context of the ASSA-AEA Annual Conference, EPS (Economists for Peace and Security) organised a panel to discuss the ‘Global Crisis and the Impediments to Recovery’. The organisers afforded me the distinct honour of sharing a platform, to discuss our world’s most pressing issues, with Kenneth Arrow and Robert Gordon. […]
Video: Debt Crises and the World Economy, Seattle Town Hall
, 28/12/2012
On 20th November, a wonderful crowd came to Seattle Town Hall to hear me talk about Debt Crises and the World Economy, effectively a presentation of the main thesis of The Global Minotaur, suitably updated for 2012 and beyond. It was a rare occasion made possible by a crowd with which I felt a special bond […]
Ten highs and ten lows, circa 2012: my intensely biased list
, 26/12/2012
THE HIGHS The definitive discovery of the Higgs boson particle that confirms our capacity to grasp the ways of the universe first through logic and theory and later empirically; a triumph of human reason Mitt Romney’s implosion at the ballot box At last, a decent James Bond flick A piece of graffiti in downtown Athens […]
Will the real economy rebound, following Wall Street's resuscitation? And what of Europe? – Interviewed by El Confidencial
, 20/12/2012
Another Spanish newspaper, El Confidencial, were kind enough to interview me on the global and european crisis, on the occasion of the Global Minotaur‘s Spanish translation-edition. Here is the interview, in English (the actual article will appear in Spanish, of course). Read on…
Taking stock of the Global and Euro Crisis
, 16/12/2012
A Spanish journalist interviewed me on the Spanish language edition of The Global Minotaur. Her questions, however, gave me an opportunity to look retrospectively at the Global Crisis, its Eurozone offshoot and, of course, the worst aspect of the latter, the Greek calamity. In the process, I refer to what I call the ‘death of […]
"We all live under the dark cloud of the same crisis" James Galbraith at Germany’s IG Metall Trades Union Congress, 7th December 2012
, 12/12/2012
There is only one crisis. The various ‘episodes’ of US subprime mortgages, European and American banks, Greek debt, the recession of the Eurozone today, the trials and tribulations of Ireland, etc., all these are part of the very same, deeply interconnected world crisis. Pretending otherwise is fuel that gives this global crisis another lease of life, […]
At the Kreisky Forum: Why have Europe's social democrats surrendered to the toxic logic of current policies?
, 07/12/2012
On 5th December, I had the great pleasure of addressing a splendid audience at the Kreisky Forum, in Vienna. My theme was, surprise surprise, the European Crisis in its Global Context. Nevertheless, in view of the very special venue (dedicated to the late Chancellor Bruno Kreisky, and delivered in his former home), I was compelled to […]
Debt, Europe, Greece and the World Economy: Addressing the Kreisky Forum, Vienna, Wednesday 5th December 2012
, 02/12/2012
Anyone in Vienna this coming Wednesday (5/12/2012)? If so, perhaps you may pop in at the Kreisky Forum to hear me address: THE GREEK CRISIS AND THE EUROPEAN TRAGEDY THE DEBT CRISIS AND THE FUTURE OF THE WORLD ECONOMY For the official announcement…
China after the Global Minotaur
, 27/11/2012
This post follows up from earlier ones entitled Europe after the Global Minotaur and America after the Global Minotaur. These posts are extracts from the forthcoming new edition of The Global Minotaur.
Europe after the Global Minotaur
, 21/11/2012
This post follows up from an earlier one entitled America after the Global Minotaur. Both posts are extracts from the forthcoming new edition of The Global Minotaur. Bankruptocracy, as I have argued in Chapter 8 of my Global Minotaur, is as much of a European predicament as it is an American ‘invention’. The difference between […]
America after the Global Minotaur
, 15/11/2012
In an earlier post, I explained that the global economy is in dire straits because the United States is no longer able to recycle the Rest of the World’s surpluses. Today I turn the spotlight on the US economy per se, in the aftermath of the Global Minotaur’s demise. (For readers not familiar with this […]
A world without the Global Minotaur: Why is the world economy failing to recover?
, 10/11/2012
Almost two years have passed since the first edition of The Global Minotaur was written. Its prognosis for our tormented beast was not good. Have events since confirmed that the Global Minotaur’s wounds were too deep to allow it to continue to perform its miraculous global surplus recycling? Is this still the best explanation available […]
Monday 29th October, in the House of Parliament, London, debating "European and Global Recovery – What Will It Take?"
, 25/10/2012
Next Monday, the European-Atlantic Group is organising a debate in the Grand Committee of the House of Commons, on what it will take for Europe and the world to return to growth and end the Crisis which began in 2008. In the Chair: The Rt Hon The Lord Hamilton of Epsom Speakers: Professor Marcus Miller, (Professor of […]
Discussing Greece and Europe on Business Spectator; interviewed by Robert Gottliebsen
, 25/10/2012
Robert Gottliebsen, one of Australia’s leading business and economics journalist, interviewed me recently in Melbourne for Business Spectator. Like many anglosaxon business commentators, Robert clearly thinks that Greece is facing an impossible future within the Eurozone and that it would be better off leaving the currency union. In this interview, he began by asking me […]
The worst enemies of European unity are those who profess to serve it: Address at the CPA Sydney Conference, 2012
, 25/10/2012
Last week, Norman Lamont and I addressed the CPA 2012 Conference in Melbourne. Yesterday we repeated that ‘gig’ in Sydney. Unwilling to deliver the same speech as in Melbourne (which was posted here), I chose to discuss the Euro Crisis from a slightly different angle (with very few overlapping paragraphs). As this was a closed-to-the-public […]
On the Euro-Global Crisis: Four lectures in Australia and one in London, October 2012
, 11/10/2012
During the coming next fortnight, I shall be on a lecture tour of Australia and Britain. The first lecture will be delivered on Monday 15th October in Melbourne, at the Greek Community Centre (which will, fittingly, be demolished soon after!). Then, I shall be speaking at two CPA conferences, together with Lord Lamont (formerly Chancellor of the Exchequer) in […]
Audio of talk at Columbia Law School on the Causes and Nature of the Euro Crisis, 5th October 2012
, 11/10/2012
While the Columbia University technicians are preparing a proper podcast of my debate with Marshall Auerback (held last Friday, 5th October) on the Euro Crisis at the Columbia Law School, readers can have a pre-hearing (as opposed to a preview) of my presentation. The audio is reasonable and can be heard here: YV talk Columbia […]
The Global Minotaur returns: Introducing the second edition
, 06/10/2012
The second edition of my Global Minotaur has entered the presses, so to speak. At least, it has left my laptop and is now with the folks at Zed books, awaiting production. The point of working toward a second edition was to ask a simple question: Since January 2011, which is when I put the […]
A Hobson’s Choice for Europe? Reply to Tom Hirst’s piece on ‘What Needs To Be Done’ in the Eurozone
, 26/09/2012
Tom Hirst, of Mindful Money, has posted a thoughtful piece on the Euro Crisis, with special emphasis on the deathtrap that Spain is now in. His analysis of the situation is spot on: so far, Europe’s responses to the Crisis have been piecemeal, disconnected from one another, and based on the denial that this is […]