The global minotaur : America, Europe and the future of the global economy / Yanis Varoufakis.

Format:

Book

Author/Creator:

Varoufakis, Yanis.

Series:

Economic controversies

Language:

English

Subjects (All):

International finance.

History.

United States--Foreign economic relations.

United States.

International economic relations.

United States--Economic policy.

Economic policy.

International finance--History--20th century.

International finance--History--21st century.

Economic forecasting.

Balance of trade--United States.

Balance of trade.

Global Financial Crisis, 2008-2009.

Physical Description:

xvi, 280 pages; 20 cm.

Edition:

New and updated edition.

Place of Publication:

London : Zed Books; New York: Distributed in U.S.A. by Palgrave Macmillan, 2013.

Summary:

Financialization, greed, ineffectual regulation 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 tributes to the Cretan beast, the world began financing the 'Global Minotaur' of America's budget and trade deficits. Now, from the deepening 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 1

2 Laboratories of the future 26

3 The Global Plan 57

4 The Global Minotaur 90

5 The beast's handmaidens 113

6 Crash 136

7 The handmaidens strike back 169

8 The Minotaur's global legacy: the dimming sun, the wounded tigers, a flighty Europa and an anxious dragon 185

9 A world without the Minotaur? 221.

Notes:

Originally published in 2011 by Zed Books as The global minotaur : America, the true origins of the financial crisis and the future of the world economy

Includes bibliographical references (pages [257]-271) and index.

ISBN:

9781780324500

1780324502

OCLC:

810117720