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The beginning of capitalism

Summary:
Economist and former Greek finance minister Yanis Varoufakis, who famously fought against austerity measures in Greece and then resigned when the Greek president went against the popular vote to accept the austerity being handed down by international creditors, explains the first labor market, the first real estate market and the beginning of capitalism, as if he were explaining it to his own daughter.

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Economist and former Greek finance minister Yanis Varoufakis, who famously fought against austerity measures in Greece and then resigned when the Greek president went against the popular vote to accept the austerity being handed down by international creditors, explains the first labor market, the first real estate market and the beginning of capitalism, as if he were explaining it to his own daughter.
Yanis Varoufakis
An accidental economist Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. But let’s take things one at a time.

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