Yanis Varoufakis
speaker
1,142 appearances
3 recordings
2 series
first heard Jan 2026
last heard 3 May
Yanis Varoufakis’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in May 2026 with 1.
Appearances
It's not that it is not that relevant.
It is that it is utterly and constitutionally irrelevant and cannot be anything other if it is going to be solved mathematically.
So let me put it simply.
The economics we teach...
the best of the best students in the best universities.
Some of you may have heard of the general equilibrium theories that have delivered the great Nobel Prizes to people like Kenneth Arrow, Gerard De Bruyne.
My mentor at Cambridge, Frank Hunt, never got a Nobel Prize because he was an obnoxious person.
Nobody liked him except me, but he deserved it for his work.
Now, all those great mathematical theorems that are also called the great theorems of welfare economics,
They are predicated on a certain absence.
So in these models, you're not allowed to have time because the moment you have time, the mathematics cannot be solved.
You can't have space because the moment you have space, you have local monopolies.
And that throws, it's like putting sand in a petrol engine.
And you can't have externalities.
So in other words, nothing that I do can influence you except through the market system.
which is, of course, rubbish because, you know, if I pollute your environment, this affects you outside the market system.
So what good is an economic theory which cannot sustain time, space, externalities, or actually money and debt?
Because if...
Rory, let me put it this way.
If you are trying to mathematize the economy, you have to solve it in the liberal tradition, in the neoclassical tradition, even in the Adam Smith tradition.
Showing 201–220 of 1,142 · page 11 of 58
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