Talking to my daughter about the economy (book)

The Faculty of Medieval and Modern Languages, Oxford University, kindly invited me to deliver the 2019 Taylor Lecture on 12th February 2019. In my book was addressed to my daughter regarding the economy I tried to offer her a simple, though not simplistic, account on how capitalism works and how it fails. Critics, correctly, pointed out that the book’s criticisms of capitalism (couched in parables borrowed from literature, theatre and science fiction) never really answered the pressing question: “But what’s the alternative?

The idea of a unified Europe didn’t always elicit the current mixture of exasperation, boredom, and rage, in politicians and ordinary people alike. In fact, there was a time when the European Union seemed like a great initiative, especially on a continent ravaged first by two hot wars, then broken in half by a cold one. A permanent peace between neighboring nations founded on a common market and sealed with freedom of movement for all might have required bureaucratic impositions, but it also functioned as an insurance policy.

For der Freitag’s site click here. To read my original English answers… Mr Varoufakis, the current unemployment rate in the Eurozone is at 9,8%, the lowest since July 2009. One could get the impression things are getting better… It is, … Continue reading →