The Global Minotaur America, Europe and the Future of the Global Economy, by Varoufakis, Yanis
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- ISBN: 9781780324500 | 1780324502
- Cover: Paperback
- Copyright: 3/12/2013
Revised and updated, The Global Minotaur, originally published in 2011 is a provocative book, by one of the most dynamic and reasonable of contemporary economists, takes a long view of the global economy and describes how, after the collapse in the 1970s of the post-war economic order, the world began sending incredible amounts of capital to Wall Street - just as the ancient Athenians paid regular tribute to the mythical Cretan Minotaur. It was this flow of money that became the "engine" that pulled the world economy through to the financial collapse of 2008. Europe's crisis today is just one symptom of a global "system" which is now as unsustainable as it is imbalanced. Full of up to the minute commentary on the financial crisis as the unfold, The Global Minotaur is an essential account of the socio-economic events and hidden histories that have shaped the world as we now know it.