In occupied Iraq, the introduction of new paper money took almost a year, 20 or so Boeing 747s, the mobilisation of the U.S. military's might, three printing firms, and hundreds of trucks. Yanis Varoufakis 747sboefirm Change image and share on social
Every non-Marxist economic theory that treats human and non-human productive inputs as interchangeable assumes that the dehumanisation of human labour is complete. But if it could ever be completed, the result would be the end of capitalism as a system capable of creating and distributing value. Yanis Varoufakis assumecapablecapitalism share on social
If the 'Athens Spring' - when the Greek people courageously rejected the catastrophic austerity conditions of the previous bailouts - has one lesson to teach, it is that Greece will recover only when the European Union makes the transition from 'We the states' to 'We the European people.' Yanis Varoufakis athensausteritybailouts share on social
We Greeks are the blacks of Europe. Yanis Varoufakis blackeuropegreek Change image and share on social
Game theorists analyze negotiations as if they were split-a-pie games involving selfish players. Yanis Varoufakis analyzegameinvolve Change image and share on social
Simple logic dictates that if you cannot even conceive the possibility of leaving a negotiation, then it is preferable never to enter one. Yanis Varoufakis conceivedictateenter Change image and share on social
The euro is a hybrid of a fixed exchange-rate regime, like the 1980s ERM or the 1930s gold standard, and a state currency. Yanis Varoufakis 1930s1980scurrency Change image and share on social
Because I spent many years during my previous life as an academic researching game theory, some commentators rushed to presume that as Greece's new finance minister, I was busily devising bluffs, stratagems and outside options, struggling to improve upon a weak hand. Nothing could be further from the truth. Yanis Varoufakis academicbluffbusily share on social