The Global Minotaur: A theory of the Global Crisis
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 […]
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 […]
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 […]
Austerity-stricken Europe within a slowing global economy
, 24/09/2012
Click here for Mariana Mazuccato’s Bloomberg interview on the trouble with Europe’s austerian turn. And here for an article in Fund Strategy on the Great Global Slowdown (featuring the Global Minotaur).
Why is the Global Crisis so persistent? Q&A with Ben Hunt (of Fund Strategy) on the themes of the Global Minotaur
, 21/09/2012
Ben Hunt, of FUND STRATEGY, posed eight poignant questions to me concerning the continuing Global Crisis and touching upon various themes from my Global Minotaur. Here is a taste of the soon to be published interview: 1. What is your understanding of what has been driving the growth in the world economy (the “engine of […]
The Global Minotaur just published in Italian
, 29/08/2012
The Global Minotaur has just been published in Italian under the title Il Minotauro Globale: L’America, le vere origini della crisi e il futuro dell’economia globale. Thanks to my Italian publisher for this opportunity to reach a wider audience in yet another proud nation that is continuing, with increasing intensity, to feel the repercussions of the […]
Review of the Global Minotaur by Raja Junankar, for the ELRR
, 16/07/2012
This review of the Global Minotaur (click here for the Global Minotaur page) is special to me. The reason? Raja Junankar was one of the lecturers at the University of Essex while an undergraduate, back in the mists of time (1978-1981). Later, when I returned to Essex (after a year at Birmingham University), it was Raja who […]
'The Global Minotaur': A 'Great Transformation' for our Times – Review by Boris Stremlin for Left Eye On Books
, 12/07/2012
Left Eye on Books just published a generous and detailed review of my Global Minotaur authored by Boris Stremlin.
In conversation with Rob Johnson (INET Chairman) on the Global Minotaur, the Slump, US and Europe
, 08/06/2012
A few weeks ago, while in New York, Rob Johnson (Chair of the Institute of New Economic Thinking) invited me to their offices where we recorded a conversation on my The Global Minotaur, the true causes of the Crash of 2008, the reasons why the global economy cannot find its poise after that momentous Crash, […]
A Paradox of Risk Aversion is haunting the global economy: Rob Johnson’s poignant warning against both bubbles and austerity
, 26/05/2012
We keep forgetting that every Crisis, like a coin, has two faces. One is the mountain of debt and losses that is crushing states, people and banks. The other is an equally imposing mountain of accumulated savings that are to ‘frightened’ to fund investment, thus remaining idle and frittering away. Keynes famously invoked the Paradox […]
Europe’s April, and how to thwart it
, 08/04/2012
The editor of a Swedish magazine asked me to contribute a short piece that combines elements of my Global Minotaur with the address I am about to deliver at the INET conference in Berlin this coming week on the Future of Europe. Here is the piece I concocted. Its title is borrowed from T.S. Elliot’s […]
Three reviews of the German edition of The Global Minotaur (in German)
, 22/03/2012
Thee reviews of my Global Minotaur (recently released in Germany under the tile Der Globale Minotaurus) have just appeared. One in Literataz-Taz-Beilage Buchmesse. Another by SWR Radio. And a third one by WDR5 Radio.