Publish Date
29 Jul, 2025
About This Book
Yanis Varoufakis, an economist who served as Greece’s finance minister, achieves a difficult feat: he offers a history of capitalism and demystifies the building blocks of economics such as debt, money, commodity, and exchange value, without recourse to economic jargon. In fact, he doesn’t even use the word ‘capitalism’, preferring instead to use the term ‘market society’. The book opens with a fundamental question: why is there so much inequality in the world? Varoufakis answers it by going back to the dawn of agriculture. And with agriculture, for the first time we acquired the capacity to produce a surplus (what’s left for accumulation after consumption). It was this surplus that brought an economy into existence.
About The Author
Yanis Varoufakis, a Greek-Australian economist and politician, has authored numerous books and is often referred to as a "rockstar economist." He has taught economics as a professor at various universities in Britain, Australia, and Greece. In 2015, he briefly served as Greece's Finance Minister. He strongly opposed the austerity measures imposed on Greece by the European Union.
Hyderabad Book Trust
Hyderabad Book Trust is a 46 year old publishing house - a not-for-profit collective that has been publishing alternative literature - the best of global and Indian literature in translation, and original commissioned literature, in Telugu, since 1980.
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