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 months

Recordings per month over the last 12 months — 3 in all, peaking in May 2026 with 1.

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And the mathematics was splendid.

I'm guessing you didn't agree with that.

No, but I didn't know why I didn't agree on this because the mathematics looked really good and the statistics was splendid.

So I thought, okay, I will look into it.

So I studied for a couple of weeks, three weeks, and then I rewrote the mathematical model.

So I turned it on its head.

In other words, I took the model, I reversed it, I inversed it, and I had the trade unions acting hyper-rationally and the employer acting stupidly.

And then I took the data.

The professor was very kind enough to send me a huge tape with the data that he had used.

And so I spent three or four months writing this up and showing that, you know what?

Our science can't answer the question because...

He has proven that the unions are stupid.

I've proven that employers are stupid using the same data and the same mathematics.

In other words, economics can't answer this question.

And then you know what happened?

I started getting job offers from economics departments.

Well, let me just go right to the end of what I'm going to answer you with.

Don't use game theory in real life.

It is dangerous.

It should be avoided.

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