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[embedded content] In this video founder of the Democracy in Europe Movement 2025 and former finance minister of Greece, Yanis Varoufakis, talks about the concept of "Debtors' Prison" and the economic ideas of John Maynard Keynes. In addition Varoufakis surfaces the double standards of the European Union regarding the enforcement of economic rules amongst different member states.Nothing new here for seasoned economists, but I like the way Yanis Varoufakis put these points of view across. Much criticism has been aimed at Keynesianism but Keynes ideas were never fully implemented. I have read that the ruling elite found Keynes ideas to be too radical so they came up with Neo-Keynesian economics instead.
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[embedded content] In this video founder of the Democracy in Europe Movement 2025 and former finance minister of Greece, Yanis Varoufakis, talks about the concept of "Debtors' Prison" and the economic ideas of John Maynard Keynes. In addition Varoufakis surfaces the double standards of the European Union regarding the enforcement of economic rules amongst different member states.Nothing new here for seasoned economists, but I like the way Yanis Varoufakis put these points of view across. Much criticism has been aimed at Keynesianism but Keynes ideas were never fully implemented. I have read that the ruling elite found Keynes ideas to be too radical so they came up with Neo-Keynesian economics instead.
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Mike Norman considers the following as important:
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In this video founder of the Democracy in Europe Movement 2025 and former finance minister of Greece, Yanis Varoufakis, talks about the concept of "Debtors' Prison" and the economic ideas of John Maynard Keynes. In addition Varoufakis surfaces the double standards of the European Union regarding the enforcement of economic rules amongst different member states.
Nothing new here for seasoned economists, but I like the way Yanis Varoufakis put these points of view across. Much criticism has been aimed at Keynesianism but Keynes ideas were never fully implemented. I have read that the ruling elite found Keynes ideas to be too radical so they came up with Neo-Keynesian economics instead.