The global minotaur : America, the true origins of the financial crisis and the future of the world economy / Yanis Varoufakis.

Format:

Book

Author/Creator:

Varoufakis, Yanis.

Series:

Economic controversies

Language:

English

Subjects (All):

Economic development--History--20th century.

Economic development.

Economic development--History--21st century.

Global Financial Crisis, 2008-2009.

History.

Physical Description:

xi, 252 pages : illustrations ; 22 cm.

Place of Publication:

London ; New York : Zed Books, 2011.

Summary:

Financialization, greed, ineffectively regulated banks - all have been blamed for the global economic crisis. In reality, though, these were mere subplots in a much grander, almost mythological, drama - one that can be traced back to the Great Crash of 1929, then on through to the 1970s when, like the Athenians forced to pay tribute to the Cretan beast, the world began financing the 'Global Minotaur' of America's budget and trade deficits. Now, from the current crisis in Europe to the heated debates about austerity versus further fiscal stimuli in the US, the consequences of the fatally wounded Minotaur are everywhere.

Remarkable and provocative, The Global Minotaur gives an essential account of the socio-economic events that have shaped the world as we now know it, and the options available for reintroducing a modicum of reason in our irrational global economic order. Book jacket.

Contents:

1 Introduction - The Crash of 2008 in Context

2 Crises: The Laboratory of the Future

3 The Global Plan

4 The Early Years (1971-1983)

5 The Roaring Years (1983-2008)

6 The Crash of 2008

7 A Future Without the Minotaur?.

Notes:

Includes bibliographical references (pages [239]-241) and index.

ISBN:

9781780320144

1780320140

9781780320151

1780320159

OCLC:

758946314