In an exclusive interview with WIRED, Yanis Varoufakis discusses Bitcoin’s bubble, the fantasy of apolitical money and the opportunities for the blockchain to reform Europe. By TOM UPCHURCH Saturday 23 December 2017 When I first met Yanis Varoufakis in the summer of 2014, he was a highly respected but relatively obscure economist. Back then, the price […]
ATHENS – Objects of desire come at a cost. Only bad things, like toxic waste, have a negative price, the equivalent of a fee payable to anyone willing to make them disappear. Does this mean that negative interest rates embody a new perspective on money – that it has gone “bad”? [To read on, click […]
On 22nd April I had the pleasure of addressing Google staff on money, money’s digital future but also on the dangerous fantasy of apolitical money.
A conversation I was privileged to have with John Nash in June 2000 is posted below as a small tribute to a great man. (The conversation was motivated by a talk John Nash Jr gave in Athens in 2000 entitled IDEAL MONEY. The text of the conversation below was published in 2001 as a chapter in […]
An Academic Conference, sponsored by the Department of History of Art, University of California, Berkeley, November 6–7, 2014 Featured Speaker: Yanis Varoufakis Featured Artist: Danae Stratou Contact sferguson at usf.edu and jordanrose at berkeley.edu for more information. (The image is Andy Warhol’s 200 One Dollar Bills, 1962)
Le Monde featured this piece on my research of social economies that emerge in video game communities. Readers may profit from reading the Reason interview on which it was based – and this recent keynote I delivered at the 2014 CFA Institute’s Conference in Seattle. Ce que les jeux vidéo nous apprennent de l’économie
Recently I was at a coffee shop, and to test a metaphysical hunch I asked a few of my fellow caffeinated confreres this question: “What is money?” They all gave answers along the following lines. Money is an arbitrary symbol of exchange value that we just make up in order to facilitate trade and investment. […]
Audio and transcript of the keynote I delivered on 5th May 2014 in Seattle in the context of the CFA Institute’s Annual Conference entitled The Future of Finance.
“A Multiplayer Game Environment Is a Dream Come True for an Economist” Interview by Peter Suderman from the June 2014 issue of REASON magazine – click here for Reason’s web version. Or read on…
Following my debate with Andreas Antonopoulos on ABC Late Night Live, graduate students of mine (at the University of Texas) were kind enough to piece together a related Q&A reflecting my views on BTC. Read on…
In this lively debate, on ABC Radio National’s excellent Late Night Live (with Phillip Adams in the chair), we discuss what makes Bitcoin a fascinating technology, whether it is a genuine currency, its parallels with the Gold Standard and what I have called previously the dangerous fantasy of apolitical money.
Technological fixes to time-honoured problems are all the rage these days. Bitcoin is meant to fix money, social media are seen as an antidote to Rupert Murdoch and assorted tyrants, networked robots are to help countries like Japan deal with demographic declines etc. Perhaps the largest claim is that the Internet has helped (or is […]
The responses of many to my post on Bitcoin reveal a powerful tendency to underestimate the ill-effects of deflation on a social economy. This tendency to underestimate deflation’s deleterious impact matters beyond debates on Bitcoin per se. For example, in Europe the incapacity of the European Central Bank (ECB) to act in the face of […]