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
The social inefficiency of capitalism is going to clash at some point with the technological innovations capitalism engenders, and it is out of that contradiction that a more efficient way of organising production and distribution and culture will emerge. Yanis Varoufakis capitalismclashcontradiction 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
I was told once by a leftwing scholar that as a Marxist, you have to do two things: always be optimistic and always have a view about everything. That advice still sounds good to me. Yanis Varoufakis advicegoodleftwing Change image and share on social
My first encounter with Marx's writings came very early in life, as a result of the strange times I grew up in, with Greece exiting the nightmare of the neofascist dictatorship of 1967-74. Yanis Varoufakis dictatorshipearlyencounter 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