Perhaps no economist was more vindicated by the global financial crisis than Hyman P. Minsky (1919-96). Although a handful of economists raised alarms as early as 2000, Minsky’s warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely outside mainstream economics; few people …

This second edition explores how money ‘works’ in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.

Le 12 septembre à la Fête de l’Humanité, Stefano Fassina (député, ancien vice-ministre de l’Economie et des Finances en Italie), Oskar Lafontaine (ancien ministre des Finances en Allemagne, co-fondateur de Die Linke Allemagne), Yanis Varoufakis (député, ancien ministre des Finances en Grèce) et Jean-Luc Mélenchon organisaient un débat pour un plan B en Europe. En …

El esfuerzo intelectual que se realizó en el campo de la física tras la aparición de la teoría de la relatividad o del modelo copernicano, no se llevó a cabo en la economía tras la aparición del dinero fíat. Teoría Económica Moderna es la plasmación de dicho esfuerzo intelectual. En este libro se expone claramente …

In this provocative book, Yanis Varoufakis—the fiery former finance minister in Greek’s new Syriza-led government—explodes the myth that financialization, ineffective regulation of banks, and generalized greed and globalization were the root causes of the global economic crisis. Rather, he shows, they are symptoms of a much deeper malaise, one that can be traced all the …

Nel 2008, il capitalismo ha subito la sua seconda grande contrazione a livello mondiale, causando una reazione a catena che ha sprofondato l’Europa in una spirale recessiva che sta tuttora minacciando gli europei con un vortice di depressione permanente, cinismo, disintegrazione e misantropia. L’attuale crisi europea non è solamente una minaccia per i lavoratori, per …