Talking to My Daughter About the Economy: or, How Capitalism Works - and How It Fails

Category: Book
Translated By: Moe, Jacob
By (author): Varoufakis, Yanis
Subject:  BUSINESS & ECONOMICS / Economic History
  BUSINESS & ECONOMICS / Free Enterprise
  NON-FICTION / General
  SOCIAL SCIENCE / Social Classes
Audience: general/trade
Publisher: Farrar Straus & Giroux
Published: May 2018
Format: Book-hardcover
Pages: 224
Size: 7.50in x 5.00in x 1.00in
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Additional Notes

From The Publisher*

InTalking to My Daughter About the Economy, activist Yanis Varoufakis, Greece's former finance minister and the author of the international bestsellerAdults in the Room, pens a series of letters to his young daughter, educating her about the business, politics, and corruption of world economics.

Yanis Varoufakis has appeared before heads of nations, assemblies of experts, and countless students around the world. Now, he faces his most important-and difficult-audience yet. Using clear language and vivid examples, Varoufakis offers a series of letters to his young daughter about the economy: how it operates, where it came from, how it benefits some while impoverishing others. Taking bankers and politicians to task, he explains the historical origins of inequality among and within nations, questions the pervasive notion that everything has its price, and shows why economic instability is a chronic risk. Finally, he discusses the inability of market-driven policies to address the rapidly declining health of the planet his daughter's generation stands to inherit.

Throughout, Varoufakis wears his expertise lightly. He writes as a parent whose aim is to instruct his daughter on the fundamental questions of our age-and through that knowledge, to equip her against the failures and obfuscations of our current system and point the way toward a more democratic alternative.

Review Quote*"Varoufakis [promises] to explain economics in a language that everyone can understand, in place of the jargon- infested pseudo-scientific language of mainstream economics....Varoufakis comes up with a vivid comparison between money supply and the market in cigarettes in a German prisoner-of-war camp to explain inflation, deflation and interest rates, in terms any teenager- or adult- will understand . . . Varoufakis does equip his readers with the beginnings of a new language, andpunctures myth after myth" - Anna Minton,The Guardian
Biographical NoteYanis Varoufakis is a former finance minister of Greece and a cofounder of an international grassroots movement, DiEM25, that is campaigning for the revival of democracy in Europe. He is the author of the international bestsellerAdults in the Room,And the Weak Suffer What They Must?, andThe Global Minotaur. After teaching for many years in the United States, Great Britain, and Australia, he is currently a professor of economics at the University of Athens.