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Game theory now provides the theoretical underpinning for a
multitude of courses in economics worldwide. The speed of these
developments has been remarkable and they have constituted
something of a revolution. Indeed, the basic tenets of game theory
have now begun to colonize other social sciences and its proponents
have been unified in claiming its natural basis as a rational
theory of society.
But the technical demands of the subject and the lack of clarity of
many commentators' explanations have been a problem for many. This
second edition of Shaun Hargreaves-Heap and Yanis Varoufakis's
classic text strips away the mystique and lets the student make his
or her own mind up. This new edition:
* lays bear the philosophy behind game theory and explains all its
major concepts
* conducts a clear explanation and careful analysis of all the main
'games', such as repeated games and the prisoner's dilemma, as well
as less well-trodden topics such as experimental games and issues
of rationality
* introduces and analyses new areas of game theory such as
"evolutionary games" and "Psychological games"
Retaining the most popular features from the original edition, this
latest version offers improved pedagogy, new questions for
discussion, new chapters on the latest developments as well as a
host of new examples. A new generation of students of game theory
will grow to appreciate this superb text whilst fans of the first
edition will eagerly devour this long-awaited update.
Once in a while the world astonishes itself. Anxious incredulity
replaces intellectual torpor and a puzzled public strains its
antennae in every possible direction, desperately seeking
explanations for the causes and nature of what just hit it. 2008
was such a moment. Not only did the financial system collapse, and
send the real economy into a tailspin, but it also revealed the
great gulf separating economics from a very real capitalism. Modern
Political Economics has a single aim: To help readers make sense of
how 2008 came about and what the post-2008 world has in store. The
book is divided into two parts. The first part delves into every
major economic theory, from Aristotle to the present, with a
determination to discover clues of what went wrong in 2008. The
main finding is that all economic theory is inherently flawed. Any
system of ideas whose purpose is to describe capitalism in
mathematical or engineering terms leads to inevitable logical
inconsistency; an inherent error that stands between us and a
decent grasp of capitalist reality. The only scientific truth about
capitalism is its radical indeterminacy, a condition which makes it
impossible to use science's tools (e.g. calculus and statistics) to
second-guess it. The second part casts an attentive eye on the
post-war era; on the breeding ground of the Crash of 2008. It
distinguishes between two major post-war phases: The Global Plan
(1947-1971) and the Global Minotaur (1971-2008). This dynamic new
book delves into every major economic theory and maps out
meticulously the trajectory that global capitalism followed from
post-war almost centrally planned stability, to designed
disintegration in the 1970s, to an intentional magnification of
unsustainable imbalances in the 1980s and, finally, to the most
spectacular privatisation of money in the 1990s and beyond. Modern
Political Economics is essential reading for Economics students and
anyone seeking a better understanding of the 2008 economic crash.
Game theory is rapidly becoming one of the cornerstones of the
social sciences. The articles gathered here chart the intellectual
history of game theory from its place in the Enlightenment
tradition, through the explosion of literature in the late 1970s,
to issues of current and emerging debates. This extensively indexed
set will be a valuable reference tool to researchers in sociology
and politics, as well as economics.
Now in its second edition, Nuclear Forensic Analysis provides a
multidisciplinary reference for forensic scientists, analytical and
nuclear chemists, and nuclear physicists in one convenient source.
The authors focus particularly on the chemical, physical, and
nuclear aspects associated with the production or interrogation of
a radioactive sample. They consolidate fundamental principles of
nuclear forensic analysis, all pertinent protocols and procedures,
computer modeling development, interpretational insights, and
attribution considerations. The principles and techniques detailed
are then demonstrated and discussed in their applications to
real-world investigations and casework conducted over the past
several years. Highlights of the Second Edition include: A new
section on sample analysis considerations and interpretation
following a post-detonation nuclear forensic collection New case
studies, including the most wide-ranging and multidisciplinary
nuclear forensic investigation conducted by Lawrence Livermore
National Laboratory to date Expanded treatments of radiologic
dispersal devices (RDDs) and statistical analysis methodologies The
material is presented with minimal mathematical formality, using
consistent terminology with limited jargon, making it a reliable,
accessible reference. The broad-based coverage provides important
insight into the multifaceted changes facing this recently
developed science.
This volume is a collection of some of the best and most
influential work of Yanis Varoufakis. The chapters all address the
issue of economic indeterminacy, and the place of a socialized Homo
Economicus within the economy. The book addresses Varoufakis' key
interpretation regarding the way in which neoclassical economics
deals with the twin problems of complexity and indeterminacy. He
argues that all neoclassical modelling revolves around three
meta-axioms: Methodological individualism, Methodological
instrumentalism and the Methodological Imposition of Equilibrium.
Each chapter in preceded by an introduction, which explains its
place within the overarching theme of the book. The volume also
includes a lengthy introduction, plus a concluding chapter focusing
on the future of economics. It will be a key work for all students
and researchers in the field of political economy and economic
methodology.
This volume is a collection of some of the best and most
influential work of Yanis Varoufakis. The chapters all address the
issue of economic indeterminacy, and the place of a socialized Homo
Economicus within the economy. The book addresses Varoufakis' key
interpretation regarding the way in which neoclassical economics
deals with the twin problems of complexity and indeterminacy. He
argues that all neoclassical modelling revolves around three
meta-axioms: Methodological individualism, Methodological
instrumentalism and the Methodological Imposition of Equilibrium.
Each chapter is preceded by an introduction, which explains its
place within the overarching theme of the book. The volume also
includes a lengthy introduction, plus a concluding chapter focusing
on the future of economics. It will be a key work for all students
and researchers in the field of political economy and economic
methodology.
Once in a while the world astonishes itself. Anxious incredulity
replaces intellectual torpor and a puzzled public strains its
antennae in every possible direction, desperately seeking
explanations for the causes and nature of what just hit it. 2008
was such a moment. Not only did the financial system collapse, and
send the real economy into a tailspin, but it also revealed the
great gulf separating economics from a very real capitalism. Modern
Political Economics has a single aim: To help readers make sense of
how 2008 came about and what the post-2008 world has in store. The
book is divided into two parts. The first part delves into every
major economic theory, from Aristotle to the present, with a
determination to discover clues of what went wrong in 2008. The
main finding is that all economic theory is inherently flawed. Any
system of ideas whose purpose is to describe capitalism in
mathematical or engineering terms leads to inevitable logical
inconsistency; an inherent error that stands between us and a
decent grasp of capitalist reality. The only scientific truth about
capitalism is its radical indeterminacy, a condition which makes it
impossible to use science's tools (e.g. calculus and statistics) to
second-guess it. The second part casts an attentive eye on the
post-war era; on the breeding ground of the Crash of 2008. It
distinguishes between two major post-war phases: The Global Plan
(1947-1971) and the Global Minotaur (1971-2008). This dynamic new
book delves into every major economic theory and maps out
meticulously the trajectory that global capitalism followed from
post-war almost centrally planned stability, to designed
disintegration in the 1970s, to an intentional magnification of
unsustainable imbalances in the 1980s and, finally, to the most
spectacular privatisation of money in the 1990s and beyond. Modern
Political Economics is essential reading for Economics students and
anyone seeking a better understanding of the 2008 economic crash.
Contents: 1. Overview 1.1 Introduction 1.1.1 Why Study Game Theory? 1.1.2 What is Game Theory? 1.1.3 Why this Book? 1.1.4 Why a Second Edition? 1.2 The Assumptions of Game Theory 1.2.1 Individual Action is Instrumentally Rational 1.2.2 Common Knowledge of Rationality 1.2.3 Common Priors 1.2.4 Action Within the Rules of the Game 1.3 Liberal Individualism, The State and Game Theory 1.3.1 Methodological Individualism 1.3.2 Game Theory's Contribution to Liberal Individualism 1.4 A Guide to the Rest of the Book 1.4.1 Three Classic Games: Hawk-Dove, Co-ordination and the Prisoner's Dilemma 1.4.2 Chapter-by-Chapter Guide 1.5 Conclusion 2. The Elements of Game Theory 2.1 Introduction 2.2 The Representation of Strategies, Games and Information Sets 2.2.1 Pure and Mixed Strategies 2.2.2 The Normal Form, the Extensive Form and the Information Set 2.3 Dominance Reasoning 2.3.1 Strict and Weak Dominance 2.3.2 Degrees of Common Knowledge of Instrumental Rationality 2.4 Rationalisable Beliefs and Actions 2.4.1 The Successive Elimination of Strategically Inferior Moves 2.4.2 Rationalisable Strategies and their Connection with Nash's Equilibrium 2.5 Nash Equilibrium 2.5.1 John Nash's Beautiful Idea 2.5.2 Consistently Aligned Beliefs, the Hidden Principle of Rational Determinacy and the Harsanyi-Aumann Doctrine 2.5.3 Some Objections to Nash: Part I 2.6 Nash Equilibrium in Mixed Strategies 2.6.1 The Scope and Derivation of Nash Equilibria in Mixed Strategies 2.6.2 The Reliance of NEMS on CAB and the Harsanyi Doctrine 2.6.3 Aumann's Defence of CAB and NEMS 2.7 Conclusion 3. Battling Indeterminacy - Refinements of Nash's Equilibrium in Static and Dynamic Games 3.1 Introduction 3.2 The Stability of Nash Equilibria 3.2.1 Trembling Hand Perfect Nash Equilibria 3.2.2 Harsanyi's Bayesian Nash Equilibria and his Defence of NEMS 3.3 Dynamic Games 3.3.1 Extensive Form and Backward Induction 3.3.2 Subgame Perfection, Nash and CKR 3.3.3 Sequential Equilibria 3.3.4 Bayesian Learning, Sequential Equilibrium and the Importance of Reputation 3.3.5 Signalling Equilibria 3.4 Further Refinements 3.4.2 Forward Induction 3.5 Some Logical Objections to Nash, Part III 3.5.1 A Critique of Subgame Perfection 3.5.2 A Negative Rejoinder (based on the Harsanyi-Aumann Doctrine) 3.5.3 A Positive Rejoinder (based on Sequential Equilibrium) 3.5.4 Conclusion: Out-of-Equilibrium Beliefs, Patterned Trembles and Consistency 3.6 Conclusion 3.6.1 The Status of Nash and Nash Refinements 3.6.2 In Defence of Nash 3.6.3 Why has Game Theory been Attracted 'so Uncritically' to Nash? 4. Bargaining Games- Rational Agreements, Bargaining Power and the Social Contract 4.1 Introduction 4.2 Credible and Incredible Talk in Simple Bargaining Games 4.3 John Nash's Generic Bargaining Problem and his Solution 4.3.1 The Bargaining Problem 4.3.2 Nash's Solution as an Equilibrium of Fear 4.3.3 Nash's Solution - An Example 4.3.4 Nash's Axiomatic Account 4.3.5 Do the Axioms Apply? 4.3.6 Nash's Solution - a Summary 4.4 Ariel Rubinstein and the Bargaining Process: The Return of Nash Backward Induction 4.4.1 Rubinstein's Solution to the Bargaining Problem 4.4.2 A Proof of Rubinstein's Theorem 4.4.3 The (Trembling Hand) Defence of Rubinstein's Solution 4.4.4 A Final Word on Nash, Trembling Hands and Rubinstein's Bargaining Solution 4.5 Justice in Political and Moral Philosophy 4.5.1 The Negative Result and the Opening to Rawls and Nozick 4.5.2 Procedures and Outcomes (or 'Means' and Ends) and Axiomatic Bargaining Theory 4.6 Conclusion 5. The Prisoner's Dilemma - The Riddle of Co-operation and its Implications for Collective Agency 5.1 Introduction: The State and the Game that Popularised Game Theory 5.2 Examples of Hidden Prisoner's Dilemmas and Free Riders in Social Life 5.3 Some Evidence on How People Play the Game 5.4 Explaining Co-operation 5.4.1 Kant and Morality: Is it Rational to Defect? 5.4.2 Altruism 5.4.3 Inequality Aversion 5.4.4 Choosing a Co-operative Dsposition Instrumentally 5.5 Conditional Co-operation in Repeated Prisoner's Dilemmas 5.5.1 Tit-for-Tat in Axelrod's Tournaments 5.5.2 Tit-for-Tat as a Nash Equilibrium Strategy When the Horizon is Unknown 5.5.3 Spontaneous Public Good Provision 5.5.4 The Folk Theorem, Indeterminacy and the State 5.5.5 Does a Finite Horizon Wreck Co-operation? The Theory and the Evidence 5.6 Conclusion: Co-operation and the State in Liberal Theory 5.6.1 Rational Co-operation? 5.6.2 Liberalism and the prisoners' dilemma 5.6.3 The limits of the prisoners' dilemma 6. Evolutionary Games - Evolution, Games and Social Theory 6.1 Game Theory's Encounter with Evolutionary Biology 6.1.1 The Origins of Evolutionary Game Theory 6.1.2 Evolutionary stability and equilibrium: An introduction 6.1.3 Spontaneous Order Versus Political Rationalism 6.2 Symmetrical Evolution in Homogenous Populations 6.2.1 Static Games 6.2.1 Dynamic Games 6.3 Evolution in Heterogeneous Populations 6.3.1 Asymmetrical (or two-dimensional) Evolution and the Demise of Nash Equilibria in Mixed Strategies (NEMS) 6.3.2 Does Evolutionary Game Theory Apply to Humans as well as it does to Birds, Ants, etc.? An Experiment with 2-Dimensional Evolution in the Hawk-Dove Game 6.3.3 Multi-Dimensional Evolution and the Conflict of Conventions 6.3.4 The Origin of Conventions and the Challenge to MethodologicalIndividualism 6.3.5 The Politics of Mutations: Conventions, Inequality and Revolt 6.3.6 Discriminatory Conventions: A Brief Synopsis 6.4 Social Evolution: Power, Morality and History 6.4.1 Social Versus Natural Selection 6.4.2 Conventions as Covert Social Power 6.4.3 The Evolution of Predictions into Moral Beliefs: Hume on Morality 6.4.4 Gender, Class and Functionalism 6.4.5 The Evolution of Predictions into Ideology: Marx against Morality 6.5 Conclusion 7. Psychological Games - Demolishing the Divide between Motives and Beliefs 7.1 Introduction 7.2 Different Kinds of 'Other Regarding' Motives 7.2.1 The 'Other'-Regarding Motives of Homo Economicus 7.2.2 Beliefs as Predictions and as Motives 7.3 The Motivating Power of Normative Beliefs 7.3.1 Fairness Equilibria 7.3.2 Computing Fairness Equilibria 7.3.3 Assessing Rabin 7.3.4 An Alternative Formulation Linking Entitlements to Intentions 7.3.5 Team Thinking 7.4 Psychology and Evolution 7.4.1 On the Origins of Normative Beliefs: An Adaptation to Experience 7.4.2 On the Origins of Normative Beliefs: The Resentment-Aversion Versus the Subversion-Proclivity Hypotheses 7.5 Conclusion: Shared Praxes, Shared Meanings Postscript Solutions to Problems Notes Authors' Index Subject Index References
Foundations of Economics breathes life into the discipline by
linking key economic concepts with wider debates and issues. By
bringing to light delightful mind-teasers, philosophical questions
and intriguing politics in mainstream economics, it promises to
enliven an otherwise dry course whilst inspiring students to do
well.
The book covers all the main economic concepts and addresses in
detail three main areas:
* consumption and choice
* production and markets
* government and the State.
Each is discussed in terms of what the conventional textbook says,
how these ideas developed in historical and philosophical terms and
whether or not they make sense. Assumptions about economics as a
discipline are challenged, and several pertinent students'
anxieties ('Should I be studying economics?') are discussed.
In this remarkable and provocative book, Yanis Varoufakis explodes
the myth that financialisation, ineffectual regulation of banks,
greed and globalisation were the root causes of the global economic
crisis. Rather, they are symptoms of a much deeper malaise which
can be traced all the way back to the Great Crash of 1929, then on
through to the 1970s: the time when a 'Global Minotaur' was born.
Just as the Athenians maintained a steady flow of tributes to the
Cretan beast, so the 'rest of the world' began sending incredible
amounts of capital to America and Wall Street. Thus, the Global
Minotaur became the 'engine' that pulled the world economy from the
early 1980s to 2008. Today's crisis in Europe, the heated debates
about austerity versus further fiscal stimuli in the US, the clash
between China's authorities and the Obama administration on
exchange rates are the inevitable symptoms of the weakening
Minotaur; of a global 'system' which is now as unsustainable as it
is imbalanced. Going beyond this, Varoufakis lays out the options
available to us for reintroducing a modicum of reason into a highly
irrational global economic order. An essential account of the
socio-economic events and hidden histories that have shaped the
world as we now know it.
'I could not recommend this more. If you're looking for a sense of
optimism, a sense of political possibility, this book is very
important' Owen Jones What would a fair and equal society actually
look like? Imagine a world with no banks. No stock market. No tech
giants. No billionaires. In Another Now world-famous economist,
Yanis Varoufakis, shows us what such a world would look like. Far
from being a fantasy, he describes how it could have come about -
and might yet. But would we really want it? Varoufakis's
boundary-breaking new book confounds expectations of what the good
society would look like and confronts us with the greatest
question: are we able to build a better society, despite our flaws.
'A vision of a new society with new ways of thinking is possibly
the most important thing an artist can offer at the moment' Brian
Eno
'We need to organise politically to defend the weak, empower the
many and prepare the ground for reversing the absurdities of
capitalism.' - Yanis Varoufakis 'Capitalism over the past
twenty-five years has been an incredible moral good.' - David
Brooks The Munk debate on capitalism There is a growing belief that
the capitalist system no longer works. Inequality is rampant. The
environment is being destroyed for profits. In some western
nations, life expectancy is even falling. Political power is
wielded by wealthy elites and big business, not the people. But for
proponents of capitalism, it is the engine of progress, not just
making all of us materially better off, but helping to address
everything from women's rights to political freedoms. We seem to
stand at a crossroads: do we need to fix the system as a matter of
urgency, or would it be better to hold our nerve?
**THE SUNDAY TIMES NUMBER ONE BESTSELLER** The most recognisable
economist on the planet, Yanis Varoufakis, puts forth his case to
reform an EU that currently fails it weakest citizens. In this
startling account of Europe's economic rise and catastrophic fall,
Varoufakis pinpoints the flaws in the European Union's design - a
design thought up after the Second World War, and one responsible
for Europe's fragmentation and resurgence of racist extremism. When
the financial crisis struck in 2008, the political elite's response
ensured it would be the weakest citizens of the weakest nations
that paid the price for the bankers' mistakes. Drawing on his
personal experience of negotiations with the eurozone's financiers,
and offering concrete policies to reform Europe, the former finance
minister of Greece shows how we concocted this mess and points our
way out of it. And The Weak Suffer What They Must? highlights our
history to tell us what we must do to save European capitalism and
democracy from the abyss. With the future of Europe under intense
scrutiny after Brexit, this is the must-read book to explain
Europe's structural flaws and how to fix them. 'If you ever doubt
what is at stake in Europe - read Varoufakis's account' Guardian
Now in its second edition, Nuclear Forensic Analysis provides a
multidisciplinary reference for forensic scientists, analytical and
nuclear chemists, and nuclear physicists in one convenient source.
The authors focus particularly on the chemical, physical, and
nuclear aspects associated with the production or interrogation of
a radioactive sample. They consolidate fundamental principles of
nuclear forensic analysis, all pertinent protocols and procedures,
computer modeling development, interpretational insights, and
attribution considerations. The principles and techniques detailed
are then demonstrated and discussed in their applications to
real-world investigations and casework conducted over the past
several years. Highlights of the Second Edition include: A new
section on sample analysis considerations and interpretation
following a post-detonation nuclear forensic collection New case
studies, including the most wide-ranging and multidisciplinary
nuclear forensic investigation conducted by Lawrence Livermore
National Laboratory to date Expanded treatments of radiologic
dispersal devices (RDDs) and statistical analysis methodologies The
material is presented with minimal mathematical formality, using
consistent terminology with limited jargon, making it a reliable,
accessible reference. The broad-based coverage provides important
insight into the multifaceted changes facing this recently
developed science.
**THE SUNDAY TIMES BESTSELLER** Yanis Varoufakis, world renowned
economist, writes to his daughter to teach her the hazards of
capitalism. 'Why is there so much inequality?' asked Xenia to her
father. Answering her questions in a series of accessible and
tender letters, Varoufakis educates her to what economics and
capitalism is and why it is so dangerous. Taking from memories of
her childhood and a variety of well-known tales - from Oedipus and
Faust to Frankenstein and The Matrix - Varoufakis turns Talking To
My Daughter into an enjoyable and engaging read, without ever
shying from the harder truths. Greece's former finance minister
explains everything you need to know to understand why economics is
the most important drama of our times. In answering his daughter's
deceptively simple questions, Varoufakis disentangles our troubling
world with remarkable clarity and child-like honesty, as well as
inspiring us to make it a better one. 'Utterly accessible, deeply
humane and startlingly original - a potent democratic tool at the
perfect time' Naomi Klein, author of The Shock Doctrine
The Communist Manifesto is a timeless classic providing intelligent
insight into socialism, communism and today's group identity
politics. This pocket edition includes a new introduction by the
economist and bestselling author of Adults in the Room, Yanis
Varoufakis. The Communist Manifesto was first published in London
in 1848, by two young men in their late twenties. Its impact
reverberated across the globe and throughout the next century, and
it has come to be recognised as one of the most important political
texts ever written. Maintaining that the history of all societies
is a history of class struggle, the manifesto proclaims that
communism is the only route to equality, and is a call to action
aimed at the proletariat. It is an essential read for anyone
seeking to understand our modern political landscape.
A titanic battle is being waged for Europe's integrity and
soul, with the forces of reason and humanism losing out to growing
irrationality, authoritarianism, and malice, promoting inequality
and austerity. The whole world has a stake in a victory for
rationality, liberty, democracy, and humanism. In January
2015, Yanis Varoufakis, an economics professor teaching in Austin,
Texas, was elected to the Greek parliament with more votes than any
other member of parliament. He was appointed finance minister and,
in the whirlwind five months that followed, everything he had
warned about-the perils of the euro's faulty design, the European
Union's shortsighted austerity policies, financialized crony
capitalism, American complicity and rising authoritarianism-was
confirmed as the "troika" (the European Central Bank, International
Monetary Fund, and European Commission) stonewalled his efforts to
resolve Greece's economic crisis. Here, Varoufakis delivers a fresh
look at the history of Europe's crisis and America's central role
in it. He presents the ultimate case against austerity, proposing
concrete policies for Europe that are necessary to address its
crisis and avert contagion to America, China, and the rest of the
world. With passionate, informative, and at times humorous prose,
he warns that the implosion of an admittedly crisis-ridden and
deeply irrational European monetary union should, and can, be
avoided at all cost.
A titanic battle is being waged for Europe's integrity and soul,
with the forces of reason and humanism losing out to growing
irrationality, authoritarianism, and malice, promoting inequality
and austerity. The whole world has a stake in a victory for
rationality, liberty, democracy, and humanism. In January 2015,
Yanis Varoufakis, an economics professor teaching in Austin, Texas,
was elected to the Greek parliament with more votes than any other
member of parliament. He was appointed finance minister and, in the
whirlwind five months that followed, everything he had warned
about- the perils of the euro's faulty design, the European Union's
shortsighted austerity policies, financialized crony capitalism,
American complicity and rising authoritarianism- was confirmed as
the troika" (the European Central Bank, International Monetary
Fund, and European Commission) stonewalled his efforts to resolve
Greece's economic crisis. Here, Varoufakis delivers a fresh look at
the history of Europe's crisis and America's central role in it. He
presents the ultimate case against austerity, proposing concrete
policies for Europe that are necessary to address its crisis and
avert contagion to America, China, and the rest of the world. With
passionate, informative, and at times humorous prose, he warns that
the implosion of an admittedly crisis-ridden and deeply irrational
European monetary union should, and can, be avoided at all cost.
A #1 Sunday Times bestseller [UK] A titanic battle is being waged
for Europe's integrity and soul, with the forces of reason and
humanism losing out to growing irrationality, authoritarianism, and
malice, promoting inequality and austerity. The whole world has a
stake in a victory for rationality, liberty, democracy, and
humanism. In January 2015, Yanis Varoufakis, an economics professor
teaching in Austin, Texas, was elected to the Greek parliament with
more votes than any other member of parliament. He was appointed
finance minister and, in the whirlwind five months that followed,
everything he had warned about,the perils of the euro's faulty
design, the European Union's shortsighted austerity policies,
financialized crony capitalism, American complicity and rising
authoritarianism,was confirmed as the troika" (the European Central
Bank, International Monetary Fund, and European Commission)
stonewalled his efforts to resolve Greece's economic crisis. Here,
Varoufakis delivers a fresh look at the history of Europe's crisis
and America's central role in it. He presents the ultimate case
against austerity, proposing concrete policies for Europe that are
necessary to address its crisis and avert contagion to America,
China, and the rest of the world. With passionate, informative, and
at times humorous prose, he warns that the implosion of an
admittedly crisis-ridden and deeply irrational European monetary
union should, and can, be avoided at all cost.
|
Austerity (Paperback)
Yanis Varoufakis
1
|
R170
R153
Discovery Miles 1 530
Save R17 (10%)
|
Ships in 9 - 17 working days
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VINTAGE MINIS: GREAT MINDS. BIG IDEAS. LITTLE BOOKS.
How do we choose between what is fair and just, and what our debtors demand of us? Yanis Varoufakis was put in such a dilemma in 2015 when he became the finance minister of Greece. In this rousing book, he charts the absurdities that underpin calls for austerity, as well as his own battles with a bureaucracy bent on ignoring the human cost of its every action. Passionately outspoken and tuned to the voices of the oppressed, Varoufakis presents a guide to modern economics, and its threat to democracy, like no other.
Selected from the books And the Weak Suffer What They Must? and Adults in the Room
WITH AN INTRODUCTION BY DAVID AARONOVITCH The Communist Manifesto
was first published in London, by two young men in their late
twenties, in 1848. Its impact reverberated across the globe and
throughout the next century, and it has come to be recognised as
one of the most important political texts ever written. Maintaining
that the history of all societies is a history of class struggle,
the manifesto proclaims that communism is the only route to
equality, and is a call to action aimed at the proletariat. It is
an essential read for anyone seeking to understand our modern
political landscape.
Europe might appear like a continent pulling itself apart. Ten
years of economic and political crises have pitted North versus
South, East versus West, citizens versus institutions. And yet,
these years have also shown a hidden vitality of Europeans acting
across borders, with civil society and social movements showing
that alternatives to the status quo already exist. This book is at
once a narrative of the experience of activism and a manifesto for
change. Through analysing the ways in which neoliberalism,
nationalism and borders intertwine, Marsili and Milanese -
co-founders of European Alternatives - argue that we are in the
middle of a great global transformation, by which we have all
become citizens of nowhere. Ultimately, they argue that only by
organising in a new transnational political party will the citizens
of nowhere be able to struggle effectively for the utopian agency
to transform the world.
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