The Opposite of Popularizing Economics


This is why this book is my attempt to do the opposite of popularizing economics: if it succeeds, it should incite its readers to take the economy into their own hands and make them realize that to understand the economy they also have to understand why the self-appointed experts on the economy, the economists, are almost always wrong. Ensuring that everyone is allowed to talk authoritatively about the economy is a prerequisite for a good society and a precondition for an authentic democracy. The economy's ups and downs determine our lives; its forces make a mockery of our democracies; its tentacles reach deep into our souls, where they shape our hopes and aspirations. If we defer to the experts on the economy, we effectively hand them all decisions that matter.

Yanis Varoufakis, May 8, 2018

From the book Talking to My Daughter About the Economy: or, How Capitalism Works -- and How It Fails