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Complexity Fetishism, the Euro Crisis and a worthy challenge for 2012: Part B

, 20/01/2012

Part B: The lure of naive models in the era of financialisation (*) [(*) For the rationale of this four-part series of posts, as well as for Part A of the series, click here.] Preface: Part A of this four-part series of posts began by focusing on the problematic application of the analytic-synthetic method to socio-economic […]

A brief note on Tobin’s Tax and Merkozy’s naked cynicism

, 12/01/2012

Tobin’s financial transactions’ tax was a simple, down-to-earth, logical proposal for dealing with the ridiculous volatility that became the norm in the era of the Global Minotaur (my metaphor for the way in which the combination of US trade deficits and capital flows into Wall Street kept the global economy going between the early 1970s […]

Complexity Fetishism, the Euro Crisis and a worthy challenge for 2012: Part A

, 08/01/2012

Preface: Before 2012 once again embroils us fully into the ongoing saga of the eurozone’s Crisis and its global ramifications, I thought it might be a good idea to start the year on a reflective mood. The topic I chose is complexity and the inadequate responses to it that have landed us in a mire of […]

Ending 2011 with a fable for our times

, 23/12/2011

As 2011 is drawing to a close, with the ECB only having managed to paper over the deepening cracks of the eurozone, it is time to allow ourselves to abandon the barricades for ten days or so. If the soldiers in the Great War’s killing fields could maintain a humane ceasefire, tend to the wounded, […]

End the European Blame Game! Keynote at the British Foreign Press Association's 2011 Awards Night

, 24/11/2011

The Foreign Press Association, London, paid me the compliment of inviting me to deliver a keynote speech at its 2011 Annual Awards Night. Here is the text of my talk (kindly transcribed by a journalist that wishes to remain anonymous).

The Serpent's Egg hatchlings in Greece's postmodern Great Depression

, 18/11/2011

A brief history of the racist/fascist/neonazi penetration of Greece’s new ‘technocratic’ government It will prove George Papandreou’s ugliest legacy: that his last-minute childish maneuvering to maximise his waning hold on power (while negotiating his eviction from the PM’s job), has brought into the new ‘national unity’ government four self-declared racists (some of whom are neo-Fascists […]

On the US, European and Greek Crisis: A double act with Rick Wolff at the Brecht Forum

, 17/11/2011

On 8th November 2011, Rick Wolff invited me to a double act at the Brecht Forum (downtown NYC). Our topic: Rick gave a brilliant wrap up of the recent developments on the US Crisis front. My brief was to start with Greece before discussing more broadly the European debacle. Afterwards Costas Panayotakis commented on my […]

The Dance of the Meta-Axioms: How economics makes itself perpetually irrelevant. Today at the New School, NY

, 10/11/2011

Click here for the relevant paper: Dance of the Meta-axioms While the eurozone is dancing itself into oblivion, Greece and Italy are appointing new Prime Ministers whose greatest claim to fame was to be part of the policy mindset that brought us where we are, I am taking a break (just for today) from this incessant […]

The Euro, Greece, the World Economy: Part A of an hour long interview on 'The Agenda' with Steve Paikin (Canadian Public TV)

, 09/11/2011

The Agenda with Steve Paikin, an in-depth current affairs program on Canadian public TV, kindly afforded me an hour long interview on all aspects of the Crisis (Greece, euro, global). 

Discussing the Global-European-cum-Greek-cum-Global Crisis at the Brecht Forum, NY. Tonight at 19.30

, 08/11/2011

Tonight, I shall have the pleasure of being an invitee of Professor Rick Wolff. If you are in Manhattan, please join us. Rick (the author of Capitalism Hits the Fan: The global economic meltdown and what to do about it, Northampton, Mass.: Olive Branch Press, 2010) presents a monthly series at the Brecht Forum (see below for […]

The Modest Proposal in Toronto. Today, Monday 7th November, 16.00

, 07/11/2011

7th November, University of Toronto: Invited to speak on The Euro and the European Crisis by the Munk School of Global Affairs at Toronto University. The advertisement states: “As the eurozone crisis is unfolding, threatening in the process to infect the global economy, the debate currently raging in Europe (on how to tackle the cascading defaults and insolvencies) […]

The Modest Proposal in Toronto. Today, Monday 7th November, 16.00

, 01/11/2011

7th November, University of Toronto: Invited to speak on The Euro and the European Crisis by the Munk School of Global Affairs at Toronto University. The advertisement states: “As the eurozone crisis is unfolding, threatening in the process to infect the global economy, the debate currently raging in Europe (on how to tackle the cascading defaults and insolvencies) […]

"Can't Pay, won't pay!" From Dario Fo's play to our contemporary Greek dystopia

, 22/10/2011

El Pais asked me to write a piece on the ‘fiscal disobedience’ movement that seems to be shaping up in Greece. Here is what I wrote. (I shall post the Spanish version, off El Pais’ site, when available): 

Los Angeles Review of Books: On Yanis Varoufakis’s new theory of the global financial crisis, by Brian Collins

, 18/10/2011

Brian Collins honoured us (myself and my co-authors Joseph Halevi and Nicholas Theocarakis) with a long, extremely kind review which he just published in the Los Angeles Review of Books:  Yanis Varoufakis, Joseph Halevi, and Nicholas Theocarakis, Modern Political Economics: Making Sense of the Post-2008 World, Routledge, July 2011. 552 pp. Yanis Varoufakis, The Global Minotaur: America, The […]

A grim assessment of Europe's Social Democratic Parties: video

, 14/10/2011

Interview (Part 4) that I gave a few weeks ago to the Scottish branch of Unite – the union. A big thank you to Peter Welsh and Andrew Brady. Below I copy their description of this interview: “Unite Scotland’s fourth and final instalment in the Varoufakis series puts focus on the failings of social democratic […]

Cancellation: Regretfully, UADPhilEcon is forced to announce that, due to contractual obligations, tomorrow's talk by James K. Galbraith is cancelled

, 02/10/2011

Cancellation: Regretfully, UADPhilEcon is forced to announce that, due to contractual obligations, tomorrow’s (Monday 3rd October) talk by James K. Galbraith is cancelled.  James’ contract with a commercial organisation did not, as it turned out, permit him to deliver this lecture. Hopefully, when and if UADPhilEcon recovers its funding, we shall be in a position […]

Arresting the Freefall rather than a Blueprint for the ‘Good Europe’: The Modest Proposal defended against C. Flower’s powerful critique

, 25/09/2011

C. Flower paid me the complement of penning a critique, entitled New Bottle , Old Keynesian Wine, of my Shellbourne Hotel talk (14th September 2011) as well as of the essence of our Modest Proposal. I reproduce this critique  here in its entirety, followed by my reply. Before anything else is said, let me thank C. […]

Need a reminder of our era's political deficit? Here is a glimpse (dating to 1936)

, 24/09/2011

While we are lamenting our leaders’ lack of political will, nous and courage, it is both helpful and a little sad to compare and contrast the politicians in charge during this Crisis of ours with the generation of political leaders whose spirit was steeled during the previous Crisis, that of 1929. With no further ado, […]

The Global Minotaur versus the Age of Greed: A debate on the ABC Radio National's Late Night Live, chaired by Philip Adams

, 19/09/2011

Since the late 80s one of my daily pleasures has been to listen to Late Night Live, the ABC Radio National's daily program in which Philip Adams, the renowned Australian film maker, author and public intellectual reviews the current political, social and cultural climate, talks to authors about a great variety of interesting books (that [...]

CATHARSIS DENIED: The tragedy of 9/11 ten years on

, 28/08/2011

The death of innocents haunts the living until each death is individuated, every last moment is narrated, all personal stories are woven into some unified, cathartic account. During the past ten years, much of the haunting has been lifted by superb reconstructions of the last phone calls, the self-denying rescue efforts, the struggle to escape […]

And the winner is… (The final verdict on our mini competition on Liberty, Justice and Crisis is in)

, 25/08/2011

Back on 7th July I invited readers to submit short pieces on Liberty and Justice, in the context of the present crisis. The prize on offer was a signed copy of a recent book (entitled MODERN POLITICAL ECONOMICS: Making sense of the post-2008 world, jointly scribbled by myself, Joseph Halevi and Nicholas Theocarakis). The time […]

The Minotaur in the Room: Announcing the London launch of my new book on the true causes of the ongoing global economic tumult – 1st September 2011

, 09/08/2011

In London on Thursday 1st September at 18.30? Why not join us in the launch of The Global Minotaur at the Bookmarks bookshop , 1 Bloomsbury Street? Aditya Chakrabortty (of The Guardian) will introduce the book. (Click here for a pdf of the invitation) Meanwhile, here is a piece that sums up the reasons why this […]

Liberty, Justice and Crisis: A competition for readers

, 07/07/2011

Two days ago, my MPhil students, sat their end of First Year final examination in a course entitled Economics as a Social Science (offered in the context of UADPhilEcon). I thought you might be interested to see the ‘cruel’ questions I set for them. Would you care to provide answers? Perhaps we can have a […]

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