Greek Tragedy

Review: Talking to my Daughter about the Economy by Yanis Varoufakis

How refreshing! Economics explained in a Greek manner with frequent references to Zeus, Socrates, Sophocles, Icarus & Daedalus, the Trojan Wars, Aristotle, Plato, Odysseus, Oedipus, Agamemnon, Midas, Mephistopheles, the Oracle at Delphi, Archimedes, Homer and Achilles. He also draws on classic stories (Frankenstein, Doctor Faustus, and Grapes of Wrath) and movies (Matrix, Star Trek, and Chaplin’s Modern Times) to get across his particular take on capitalism and his take back the streets message.

Economics, he says, is not a science. It is more akin to a religion with mystical notions.

When [today’s experts] fail to predict properly some economic phenomenon, which is almost always, they appeal to the same mystical notions that failed them in the first place … [like the Ancient Greeks before the Delphi Oracle].

Not as good a book as I hoped for, but very readable.