Varoufakis - The Global Minotaur; America, the True Origins of the Financial Crisis and the Future of the World Economy (2011).pdf

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Zed Books is an independent progressive publisher with a
reputation for cutting-edge international publishing. Innovative
and thought-provoking, the Economic Controversies series
strips back the often impenetrable façade of economic jargon
to present bold new ways of looking at pressing issues, while
explaining the hidden mechanics behind them. Concise and
accessible, the books bring a fresh, unorthodox approach to a
variety of controversial subjects.
Series editor Edward Fullbrook is the founder and editor of
the Real World Economics Review (formerly the Post-Autistic
Economics Review ), which has over 11,500 subscribers. As well
as editing a number of books on economics, including Pluralist
Economics (2008) and A Guide to What’s Wrong with Economics
(2004), his essays on economics and philosophy have appeared
in numerous anthologies and journals.
About the author
Yanis Varoufakis is Professor of Economic Theory at the
University of Athens, Greece, where he now lives after more
than two decades of studying and teaching in Britain and
Australia (where he held academic posts, in reverse order, at the
Universities of Sydney, Glasgow, Cambridge and East Anglia).
This is his irst book aimed at the general reader. His more
stufy books include Rational Conlict (1991), Foundations of
Economics (1998) and (with Shaun Hargreaves Heap) Game
Theory: A critical text (2004).
The Global Minotaur
America, the True Origins
of the Financial Crisis and the
Future of the World Economy
Yanis Varoufakis
Z
Zed Books
London & New York
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The Global Minotaur: America, the True Origins of the Financial Crisis and
the Future of the World Economy was irst published in 2011 by
Zed Books Ltd, 7 Cynthia Street, London N1 9JF, UK and Room 400, 175
Fifth Avenue, New York, NY 10010, USA
www.zedbooks.co.uk
Copyright © Yanis Varoufakis 2011
The right of Yanis Varoufakis to be identiied as the author of this work
has been asserted by him in accordance with the Copyright, Designs
and Patents Act, 1988.
Typeset in Bulmer MT
by Bookcraft Ltd, Stroud, Gloucestershire
Index by Sally Phillips
Cover designed by www.alice-marwick.com
Distributed in the USA exclusively by Palgrave Macmillan, a division of
St Martin’s Press, LLC, 175 Fifth Avenue, New York, NY 10010, USA
All rights reserved. No part of this publication may be reproduced,
stored in a retrieval system or transmitted in any form or by any means,
electronic, mechanical, photocopying or otherwise, without the prior
permission of Zed Books Ltd.
A catalogue record for this book is available from the British Library.
Library of Congress Cataloging in Publication Data available
ISBN 978 1 78032 016 8 eb
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