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
Imagine you have N markets.
You have N goods.
You have N prices, P1 to PN.
So you have N equations.
you have n unknowns, maybe you can solve it.
But if you add an n plus one unknown, which is money, then you really cannot solve it.
In the same way, if you have two equations and three unknowns, it cannot be solved.
It doesn't matter how good you are.
It's like squaring the circle.
It just can't be done.
It's not just difficult.
So, you know...
The question is, why did I spend decades with this kind of economics?
And the answer is because it was aesthetically fascinating.
And also, it was ideologically and historically, politically interesting to see how those models are being used by politicians, bankers, and opinion makers and policymakers in order to justify whatever it is that they want to be justified by means of manipulating and actually distorting the meaning of these models.
Well, the answer must be judgment, which is foundationally different from calculation.
The whole point of judgment is that there is no formula to tell you what you should do.
You should take all sorts of different types of information under consideration.
You should talk to many different people.
And then, you know, it's actually Keynes had a very good answer to that.
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